Wellington Management Group LLP Has $191.43 Million Holdings in Viavi Solutions Inc. $VIAV

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 lowered its holdings in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 12.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in VIAV. LPL Financial LLC lifted its holdings in shares of Viavi Solutions by 17.9% during the 4th quarter. LPL Financial LLC now owns 38,823 shares of the communications equipment provider's stock worth $392,000 after acquiring an additional 5,891 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Viavi Solutions by 198.7% during the 4th quarter. Renaissance Technologies LLC now owns 157,400 shares of the communications equipment provider's stock worth $1,590,000 after acquiring an additional 104,700 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Viavi Solutions during the 4th quarter worth approximately $718,000. Sterling Capital Management LLC lifted its holdings in shares of Viavi Solutions by 804.6% during the 4th quarter. Sterling Capital Management LLC now owns 6,938 shares of the communications equipment provider's stock worth $70,000 after acquiring an additional 6,171 shares during the period. Finally, Guggenheim Capital LLC lifted its holdings in shares of Viavi Solutions by 85.3% during the 4th quarter. Guggenheim Capital LLC now owns 45,720 shares of the communications equipment provider's stock worth $462,000 after acquiring an additional 21,048 shares during the period. Institutional investors own 95.54% of the company's stock.

Insider Buying and Selling at Viavi Solutions

In other news, Director Richard Belluzzo sold 8,385 shares of the stock in a transaction on Tuesday, July 1st. The shares were 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 in the company, valued at $2,427,956.22. This represents a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.52% of the stock is currently owned by company insiders.

Viavi Solutions Trading Up 1.5%

NASDAQ VIAV traded up $0.16 on Tuesday, hitting $11.19. The company's stock had a trading volume of 4,390,021 shares, compared to its average volume of 3,668,870. The company has a quick ratio of 1.30, a current ratio of 1.50 and a debt-to-equity ratio of 0.51. Viavi Solutions Inc. has a 1-year low of $7.80 and a 1-year high of $12.91. The company's 50-day moving average is $10.29 and its 200 day moving average is $10.32. The firm has a market cap of $2.50 billion, a PE ratio of 69.94 and a beta of 0.87.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. Viavi Solutions had a net margin of 3.21% and a return on equity of 8.02%. The firm 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 posted $0.08 EPS. The company's revenue was up 15.3% on a year-over-year basis. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. As a group, analysts predict that Viavi Solutions Inc. will post 0.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on VIAV. B. Riley upped their price target 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. Wall Street Zen upgraded shares of Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Needham & Company LLC reiterated a "buy" rating and set a $15.00 price objective on shares of Viavi Solutions in a research report on Friday, May 2nd. Rosenblatt Securities reiterated a "buy" rating and set a $13.50 price objective on shares of Viavi Solutions in a research report on Friday, June 20th. Finally, Morgan Stanley upped their price objective on shares of Viavi Solutions from $8.60 to $9.30 and gave the stock an "underweight" rating in a research report on Monday, August 11th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $13.31.

Viavi Solutions 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.