Ma Investment Partnership LP Buys New Position in Viavi Solutions Inc. $VIAV

Ma Investment Partnership LP bought a new stake in Viavi Solutions Inc. (NASDAQ:VIAV) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 500,000 shares of the communications equipment provider’s stock, valued at approximately $23,875,000. Viavi Solutions makes up 4.3% of Ma Investment Partnership LP’s portfolio, making the stock its 8th largest holding. Ma Investment Partnership LP owned about 0.21% of Viavi Solutions as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Viavi Solutions during the 2nd quarter worth approximately $1,228,529,000. Capital World Investors lifted its position in shares of Viavi Solutions by 4.4% in the fourth quarter. Capital World Investors now owns 15,620,410 shares of the communications equipment provider’s stock worth $278,356,000 after purchasing an additional 664,956 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Viavi Solutions by 3.5% in the third quarter. Dimensional Fund Advisors LP now owns 6,846,226 shares of the communications equipment provider’s stock worth $86,875,000 after purchasing an additional 231,570 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Viavi Solutions by 0.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,673,145 shares of the communications equipment provider’s stock worth $118,915,000 after purchasing an additional 33,463 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Viavi Solutions by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 5,351,211 shares of the communications equipment provider’s stock worth $95,373,000 after purchasing an additional 20,776 shares during the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.

Insider Buying and Selling at Viavi Solutions

In other news, EVP Paul Mcnab sold 1,595 shares of Viavi Solutions stock in a transaction on Monday, August 10th. The stock was sold at an average price of $37.37, for a total transaction of $59,605.15. Following the completion of the sale, the executive vice president owned 13,876 shares of the company’s stock, valued at approximately $518,546.12. This trade represents a 10.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Laura A. Black sold 71,000 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $46.12, for a total transaction of $3,274,520.00. Following the completion of the sale, the director directly owned 71,497 shares of the company’s stock, valued at $3,297,441.64. This represents a 49.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on VIAV. UBS Group lowered their price target on shares of Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Needham & Company LLC decreased their price objective on Viavi Solutions from $68.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Wall Street Zen upgraded shares of Viavi Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. B. Riley Financial cut their target price on shares of Viavi Solutions from $63.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Finally, Weiss Ratings raised Viavi Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Viavi Solutions has an average rating of “Moderate Buy” and an average target price of $49.88.

Viavi Solutions Stock Up 2.8%

Viavi Solutions stock opened at $38.78 on Thursday. The stock has a market cap of $9.57 billion, a P/E ratio of -258.52 and a beta of 1.21. The company has a quick ratio of 1.62, a current ratio of 1.85 and a debt-to-equity ratio of 0.27. Viavi Solutions Inc. has a twelve month low of $11.09 and a twelve month high of $60.43. The company’s 50-day moving average price is $41.60 and its two-hundred day moving average price is $40.76.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The firm had revenue of $443.10 million during the quarter, compared to the consensus estimate of $432.62 million. During the same period last year, the business posted $0.13 earnings per share. The business’s revenue for the quarter was up 52.5% compared to the same quarter last year. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. As a group, analysts expect that Viavi Solutions Inc. will post 1.32 EPS for the current year.

About Viavi Solutions

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.