Capital World Investors Buys 664,956 Shares of Viavi Solutions Inc. $VIAV

Capital World Investors boosted its stake in Viavi Solutions Inc. (NASDAQ:VIAV) by 4.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,620,410 shares of the communications equipment provider’s stock after purchasing an additional 664,956 shares during the quarter. Capital World Investors owned about 0.07% of Viavi Solutions worth $278,356,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Phocas Financial Corp. bought a new stake in Viavi Solutions in the fourth quarter valued at about $3,772,000. Fisher Asset Management LLC grew its stake in Viavi Solutions by 14.2% in the third quarter. Fisher Asset Management LLC now owns 469,354 shares of the communications equipment provider’s stock valued at $5,956,000 after acquiring an additional 58,364 shares during the period. Jefferies Financial Group Inc. acquired a new position in Viavi Solutions in the fourth quarter valued at about $1,803,000. JPMorgan Chase & Co. grew its stake in Viavi Solutions by 22.2% in the third quarter. JPMorgan Chase & Co. now owns 400,886 shares of the communications equipment provider’s stock valued at $5,087,000 after acquiring an additional 72,930 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in Viavi Solutions by 59.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,558,253 shares of the communications equipment provider’s stock valued at $27,768,000 after acquiring an additional 583,347 shares during the period. Institutional investors own 95.54% of the company’s stock.

Insider Buying and Selling at Viavi Solutions

In related news, CEO Oleg Khaykin sold 136,547 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $51.82, for a total transaction of $7,075,865.54. Following the sale, the chief executive officer owned 1,188,798 shares in the company, valued at approximately $61,603,512.36. This represents a 10.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Paul Mcnab sold 2,727 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $54.96, for a total value of $149,875.92. Following the sale, the executive vice president owned 15,471 shares in the company, valued at $850,286.16. The trade was a 14.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 450,369 shares of company stock valued at $23,789,119 in the last ninety days. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

VIAV has been the subject of a number of research analyst reports. Susquehanna boosted their target price on Viavi Solutions from $25.00 to $65.00 and gave the company a “positive” rating in a research note on Thursday, April 30th. UBS Group boosted their target price on Viavi Solutions from $25.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Needham & Company LLC boosted their target price on Viavi Solutions from $28.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. B. Riley Financial boosted their target price on Viavi Solutions from $26.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Finally, Weiss Ratings raised Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Viavi Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $39.25.

Viavi Solutions Stock Up 2.5%

VIAV stock opened at $48.75 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.61 and a quick ratio of 1.39. The stock has a market capitalization of $11.40 billion, a P/E ratio of -203.12 and a beta of 1.18. The business has a 50-day moving average of $46.12 and a 200-day moving average of $31.22. Viavi Solutions Inc. has a fifty-two week low of $9.08 and a fifty-two week high of $60.43.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings data on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. The company had revenue of $406.80 million during the quarter, compared to analysts’ expectations of $393.80 million. Viavi Solutions had a positive return on equity of 16.80% and a negative net margin of 4.03%.Viavi Solutions’s revenue for the quarter was up 42.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 earnings per share. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. On average, sell-side analysts anticipate that Viavi Solutions Inc. will post 0.73 earnings per share for the current fiscal year.

Viavi Solutions Profile

Viavi Solutions Inc is a provider of network test, monitoring and assurance solutions for communications service providers, cable operators, enterprises and government agencies. The company offers an extensive portfolio of fiber optic and copper cable test and measurement instruments, wireless network testing equipment and network performance monitoring software. Its products are designed to support the deployment, maintenance and optimization of high-speed broadband, 5G wireless, data center and enterprise networks.

Viavi’s product offerings are organized into two primary segments: Network & Service Enablement and Optical Security & Performance.