Madison Asset Management LLC Buys New Position in Viavi Solutions Inc. $VIAV

Madison Asset Management LLC bought a new stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 169,009 shares of the communications equipment provider’s stock, valued at approximately $3,012,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Capital World Investors lifted its position in shares of Viavi Solutions by 3.5% in the 3rd quarter. Capital World Investors now owns 14,955,454 shares of the communications equipment provider’s stock worth $189,785,000 after acquiring an additional 500,000 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Viavi Solutions by 3.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,846,226 shares of the communications equipment provider’s stock worth $86,875,000 after acquiring an additional 231,570 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Viavi Solutions by 431.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 6,639,682 shares of the communications equipment provider’s stock worth $84,258,000 after acquiring an additional 5,389,435 shares during the period. Westerly Capital Management LLC lifted its position in shares of Viavi Solutions by 12.7% in the 2nd quarter. Westerly Capital Management LLC now owns 2,175,000 shares of the communications equipment provider’s stock worth $21,902,000 after acquiring an additional 245,000 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Viavi Solutions by 78.0% in the 3rd quarter. Invesco Ltd. now owns 1,763,811 shares of the communications equipment provider’s stock worth $22,383,000 after acquiring an additional 773,069 shares during the period. Institutional investors own 95.54% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Oleg Khaykin sold 136,547 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $51.82, for a total value of $7,075,865.54. Following the completion of the transaction, the chief executive officer directly owned 1,188,798 shares of the company’s stock, valued at approximately $61,603,512.36. This represents a 10.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard Belluzzo sold 15,775 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $26.85, for a total value of $423,558.75. Following the completion of the transaction, the director directly owned 211,850 shares of the company’s stock, valued at approximately $5,688,172.50. The trade was a 6.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 476,959 shares of company stock worth $24,582,112 in the last 90 days. 1.80% of the stock is owned by corporate insiders.

Viavi Solutions Trading Up 0.4%

Shares of VIAV opened at $53.63 on Thursday. Viavi Solutions Inc. has a 1 year low of $8.87 and a 1 year high of $60.43. The company has a current ratio of 1.61, a quick ratio of 1.39 and a debt-to-equity ratio of 0.99. The stock has a 50 day simple moving average of $39.51 and a 200-day simple moving average of $26.94. The stock has a market cap of $12.54 billion, a PE ratio of -223.45 and a beta of 1.22.

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Rosenblatt Securities raised their price objective on Viavi Solutions from $27.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. Needham & Company LLC raised their price objective on Viavi Solutions from $28.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Susquehanna raised their price objective on Viavi Solutions from $25.00 to $65.00 and gave the stock a “positive” rating in a research report on Thursday, April 30th. B. Riley Financial raised their price objective on Viavi Solutions from $26.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Finally, UBS Group raised their price objective on Viavi Solutions from $25.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Viavi Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $39.25.

Viavi Solutions Company 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.