Viavi Solutions Inc. $VIAV Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp boosted its position in Viavi Solutions Inc. (NASDAQ:VIAV) by 12,355.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 117,951 shares of the communications equipment provider’s stock after purchasing an additional 117,004 shares during the period. Fifth Third Bancorp’s holdings in Viavi Solutions were worth $3,925,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Capital World Investors raised its position in Viavi Solutions by 4.4% during the 4th quarter. Capital World Investors now owns 15,620,410 shares of the communications equipment provider’s stock worth $278,356,000 after buying an additional 664,956 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 valued at $86,875,000 after acquiring an additional 231,570 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Viavi Solutions by 0.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,673,145 shares of the communications equipment provider’s stock valued at $118,915,000 after acquiring an additional 33,463 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Viavi Solutions by 0.4% in 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 acquiring an additional 20,776 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Viavi Solutions by 116.0% in the fourth quarter. Invesco Ltd. now owns 3,809,513 shares of the communications equipment provider’s stock worth $67,886,000 after acquiring an additional 2,045,702 shares during the period. Institutional investors and hedge funds own 95.54% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on VIAV. UBS Group boosted their target price on shares of Viavi Solutions from $25.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. B. Riley Financial increased their price target on Viavi Solutions from $26.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Susquehanna lifted their price objective on Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a research note on Wednesday, July 1st. Weiss Ratings lowered Viavi Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $70.00 price objective on shares of Viavi Solutions in a report on Wednesday, June 10th. Six 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. Based on data from MarketBeat, Viavi Solutions has a consensus rating of “Moderate Buy” and an average target price of $42.88.

Viavi Solutions Price Performance

Shares of NASDAQ VIAV opened at $38.16 on Friday. The stock has a market capitalization of $8.93 billion, a price-to-earnings ratio of -158.99 and a beta of 1.18. Viavi Solutions Inc. has a 12 month low of $9.61 and a 12 month high of $60.43. The firm’s 50 day simple moving average is $47.90 and its 200-day simple moving average is $36.80. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.61 and a quick ratio of 1.39.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. Viavi Solutions had a negative net margin of 4.03% and a positive return on equity of 16.80%. The firm had revenue of $406.80 million during the quarter, compared to analysts’ expectations of $393.80 million. During the same period in the previous year, the business posted $0.15 EPS. The business’s 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. Analysts expect that Viavi Solutions Inc. will post 0.73 EPS for the current year.

Insider Buying and Selling

In other Viavi Solutions news, CEO Oleg Khaykin sold 136,547 shares of Viavi Solutions stock in a transaction on Friday, May 8th. The shares were 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 owned 1,188,798 shares of the company’s stock, valued at approximately $61,603,512.36. The trade was a 10.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Luke M. Scrivanich sold 10,693 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was 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 approximately $2,082,211. This trade represents a 21.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 450,369 shares of company stock valued at $23,789,119 in the last ninety days. Company insiders own 1.80% of the company’s stock.

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.