Tensor Edge Capital LLC Buys New Holdings in Viavi Solutions Inc. $VIAV

Tensor Edge Capital LLC purchased a new position in Viavi Solutions Inc. (NASDAQ:VIAV) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 150,000 shares of the communications equipment provider’s stock, valued at approximately $2,673,000. Viavi Solutions accounts for approximately 0.8% of Tensor Edge Capital LLC’s investment portfolio, making the stock its 14th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital World Investors lifted its holdings in shares of Viavi Solutions by 3.5% in the third quarter. Capital World Investors now owns 14,955,454 shares of the communications equipment provider’s stock worth $189,785,000 after buying an additional 500,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in 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 purchasing an additional 231,570 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Viavi Solutions by 431.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 6,639,682 shares of the communications equipment provider’s stock valued at $84,258,000 after purchasing an additional 5,389,435 shares during the last quarter. Westerly Capital Management LLC grew its position in shares of Viavi Solutions by 12.7% during the second quarter. Westerly Capital Management LLC now owns 2,175,000 shares of the communications equipment provider’s stock valued at $21,902,000 after purchasing an additional 245,000 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Viavi Solutions by 78.0% in the third quarter. Invesco Ltd. now owns 1,763,811 shares of the communications equipment provider’s stock worth $22,383,000 after purchasing an additional 773,069 shares during the last quarter. Institutional investors own 95.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Weiss Ratings upgraded Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. B. Riley Financial raised their price target on Viavi Solutions from $26.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Needham & Company LLC raised their target price on shares of Viavi Solutions from $28.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Stifel Nicolaus increased their price objective on shares of Viavi Solutions from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Finally, UBS Group boosted their price objective on shares of Viavi Solutions from $25.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $39.25.

Viavi Solutions Stock Down 2.4%

Shares of Viavi Solutions stock opened at $48.10 on Thursday. 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 company has a market cap of $11.25 billion, a P/E ratio of -200.41 and a beta of 1.22. The firm’s 50 day moving average price is $41.47 and its 200-day moving average price is $28.20. Viavi Solutions Inc. has a 52-week low of $8.87 and a 52-week high of $60.43.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. The business had revenue of $406.80 million for 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 business’s revenue for the quarter was up 42.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 earnings per share. 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.

Insider Activity

In other Viavi Solutions news, EVP Paul Mcnab sold 3,551 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $32.89, for a total value of $116,792.39. Following the completion of the sale, the executive vice president owned 18,198 shares of the company’s stock, valued at approximately $598,532.22. This trade represents a 16.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kevin Christopher Siebert sold 8,255 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $54.02, for a total value of $445,935.10. Following the sale, the senior vice president owned 20,129 shares in the company, valued at $1,087,368.58. The trade was a 29.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 461,184 shares of company stock worth $24,158,554 over the last quarter. 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.