Viavi Solutions Inc. $VIAV Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP reduced its stake in Viavi Solutions by 12.8%, owning approximately 17.1 million shares valued at $191.4 million post-sale.
• Viavi Solutions reported a 15.3% increase in revenue year-over-year, reaching $290.5 million, and beat EPS estimates with a reported $0.13 per share for the latest quarter.
• Analysts have varied insights on Viavi Solutions, with six rating it a Buy and an average target price of $13.31, while recent upgrades include a shift to a "strong-buy" rating by Wall Street Zen.

Wellington Management Group LLP cut its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 12.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,107,099 shares of the communications equipment provider's stock after selling 2,507,585 shares during the period. Wellington Management Group LLP owned approximately 7.66% of Viavi Solutions worth $191,428,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. USA Financial Formulas purchased a new stake in Viavi Solutions in the first quarter valued at approximately $53,000. First Horizon Advisors Inc. grew its stake in shares of Viavi Solutions by 29.1% in the first quarter. First Horizon Advisors Inc. now owns 5,046 shares of the communications equipment provider's stock valued at $56,000 after buying an additional 1,138 shares in the last quarter. Sterling Capital Management LLC raised its holdings in shares of Viavi Solutions by 804.6% in the 4th quarter. Sterling Capital Management LLC now owns 6,938 shares of the communications equipment provider's stock valued at $70,000 after buying an additional 6,171 shares during the period. TD Waterhouse Canada Inc. lifted its stake in Viavi Solutions by 64.6% during the 4th quarter. TD Waterhouse Canada Inc. now owns 9,389 shares of the communications equipment provider's stock worth $95,000 after acquiring an additional 3,684 shares in the last quarter. Finally, Brevan Howard Capital Management LP acquired a new position in Viavi Solutions during the 4th quarter worth about $135,000. Hedge funds and other institutional investors own 95.54% of the company's stock.

Insiders Place Their Bets

In other Viavi Solutions news, Director Richard Belluzzo sold 8,385 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $10.02, for a total transaction of $84,017.70. Following the completion of the sale, the director directly owned 242,311 shares of the company's stock, valued at approximately $2,427,956.22. This trade represents a 3.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.52% of the company's stock.

Viavi Solutions Stock Down 1.0%

Shares of NASDAQ VIAV opened at $10.55 on Thursday. The business has a 50-day moving average of $10.15 and a two-hundred day moving average of $10.38. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 65.94 and a beta of 0.87. Viavi Solutions Inc. has a 1 year low of $7.80 and a 1 year high of $12.91. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.50 and a quick ratio of 1.30.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last announced its earnings results on Thursday, August 7th. The communications equipment provider reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. Viavi Solutions had a net margin of 3.21% and a return on equity of 8.02%. The business had revenue of $290.50 million during the quarter, compared to analysts' expectations of $285.19 million. During the same period in the prior year, the company earned $0.08 earnings per share. The business's revenue was up 15.3% compared to the same quarter last year. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. On average, analysts forecast that Viavi Solutions Inc. will post 0.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VIAV has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. B. Riley lifted their price objective on shares of Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a report on Friday, August 8th. UBS Group increased their target price on shares of Viavi Solutions from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. Morgan Stanley raised their price target on shares of Viavi Solutions from $8.60 to $9.30 and gave the company an "underweight" rating in a research report on Monday, August 11th. Finally, Susquehanna raised Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 price objective on the stock in a research report on Friday, August 8th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $13.31.

Viavi Solutions Company Profile

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.

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