Ma Investment Partnership LP bought a new position in Viavi Solutions Inc. (NASDAQ:VIAV – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 500,000 shares of the communications equipment provider’s stock, valued at approximately $23,875,000. Viavi Solutions comprises 4.3% of Ma Investment Partnership LP’s portfolio, making the stock its 8th biggest holding.
A number of other large investors also recently modified their holdings of VIAV. BlackRock Inc. acquired a new stake in shares of Viavi Solutions during the second quarter valued at about $1,228,529,000. Arrowstreet Capital Limited Partnership raised its stake 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. Bank of America Corp DE acquired a new position in shares of Viavi Solutions in the 2nd quarter valued at about $134,922,000. Allspring Global Investments Holdings LLC acquired a new position in Viavi Solutions in the first quarter valued at approximately $75,294,000. Finally, Invesco Ltd. lifted its position in shares of Viavi Solutions by 116.0% during the 4th 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 period. 95.54% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other news, Director Laura A. Black sold 71,000 shares of Viavi Solutions stock in a transaction on Monday, August 17th. The stock was sold at an average price of $46.12, for a total transaction of $3,274,520.00. Following the sale, the director directly owned 71,497 shares in the company, valued at $3,297,441.64. The trade was a 49.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Paul Mcnab sold 1,595 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president directly owned 13,876 shares in the company, valued at $518,546.12. This trade represents a 10.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.80% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Report on VIAV
Viavi Solutions Stock Performance
Shares of VIAV opened at $38.78 on Thursday. The company has a current ratio of 1.85, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $9.57 billion, a price-to-earnings ratio of -258.52 and a beta of 1.21. The stock has a 50 day moving average of $41.60 and a 200 day moving average of $40.76. Viavi Solutions Inc. has a 12 month low of $11.09 and a 12 month high of $60.43.
Viavi Solutions (NASDAQ:VIAV – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. The business had revenue of $443.10 million for the quarter, compared to analysts’ expectations of $432.62 million. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.The business’s revenue was up 52.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 earnings per share. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. As a group, sell-side analysts forecast that Viavi Solutions Inc. will post 1.32 earnings per share for the current 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.
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