SummitTX Capital L.P. Increases Holdings in Viavi Solutions Inc. $VIAV

SummitTX Capital L.P. lifted its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 604.0% during the first quarter, HoldingsChannel reports. The firm owned 202,962 shares of the communications equipment provider’s stock after purchasing an additional 174,131 shares during the quarter. SummitTX Capital L.P.’s holdings in Viavi Solutions were worth $6,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in VIAV. Arrowstreet Capital Limited Partnership increased its holdings in Viavi Solutions by 431.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 6,639,682 shares of the communications equipment provider’s stock worth $84,258,000 after buying an additional 5,389,435 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Viavi Solutions in the first quarter worth about $75,294,000. Invesco Ltd. boosted its stake in Viavi Solutions by 116.0% in the fourth quarter. Invesco Ltd. now owns 3,809,513 shares of the communications equipment provider’s stock valued at $67,886,000 after acquiring an additional 2,045,702 shares during the last quarter. Marshall Wace LLP boosted its stake in Viavi Solutions by 1,011.9% in the fourth quarter. Marshall Wace LLP now owns 2,187,600 shares of the communications equipment provider’s stock valued at $38,983,000 after acquiring an additional 1,990,848 shares during the last quarter. Finally, Bowen Hanes & Co. Inc. purchased a new position in Viavi Solutions in the fourth quarter valued at about $33,323,000. 95.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Viavi Solutions

In related news, EVP Paul Mcnab sold 2,727 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $54.96, for a total value of $149,875.92. Following the completion of the transaction, the executive vice president directly owned 15,471 shares of the company’s stock, valued at approximately $850,286.16. This trade represents a 14.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Luke M. Scrivanich sold 10,693 shares of Viavi Solutions stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $53.00, for a total transaction of $566,729.00. Following the completion of the transaction, the senior vice president owned 39,287 shares of the company’s stock, valued at $2,082,211. This represents a 21.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 450,369 shares of company stock worth $23,789,119 in the last ninety days. Insiders own 1.80% of the company’s stock.

Viavi Solutions Price Performance

NASDAQ VIAV opened at $38.16 on Tuesday. The company has a market cap of $8.93 billion, a PE ratio of -158.99 and a beta of 1.18. Viavi Solutions Inc. has a 52 week low of $9.61 and a 52 week high of $60.43. The company has a quick ratio of 1.39, a current ratio of 1.61 and a debt-to-equity ratio of 0.99. The firm’s 50-day simple moving average is $46.46 and its two-hundred day simple moving average is $37.89.

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Susquehanna increased their target price on shares of Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a research report on Wednesday, July 1st. UBS Group lifted their price target on shares of Viavi Solutions from $25.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Weiss Ratings downgraded Viavi Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, July 16th. Rosenblatt Securities reissued a “buy” rating and set a $70.00 price objective on shares of Viavi Solutions in a report on Wednesday, June 10th. Finally, Wall Street Zen raised Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Viavi Solutions currently has an average rating of “Moderate Buy” and an average target price of $42.88.

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.