898,938 Shares in Harmonic Inc. $HLIT Purchased by Nuveen LLC

Nuveen LLC bought a new position in Harmonic Inc. (NASDAQ:HLIT) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 898,938 shares of the communications equipment provider’s stock, valued at approximately $8,621,000. Nuveen LLC owned about 0.79% of Harmonic at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of HLIT. Millennium Management LLC grew its stake in shares of Harmonic by 9,004.4% in the fourth quarter. Millennium Management LLC now owns 4,719,837 shares of the communications equipment provider’s stock worth $62,443,000 after purchasing an additional 4,667,996 shares during the last quarter. Tudor Investment Corp ET AL grew its stake in shares of Harmonic by 198.2% in the fourth quarter. Tudor Investment Corp ET AL now owns 797,176 shares of the communications equipment provider’s stock worth $10,547,000 after purchasing an additional 529,833 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Harmonic by 3.7% in the first quarter. Vanguard Group Inc. now owns 11,474,771 shares of the communications equipment provider’s stock worth $110,043,000 after purchasing an additional 411,443 shares during the last quarter. Algert Global LLC grew its stake in shares of Harmonic by 1,583.7% in the fourth quarter. Algert Global LLC now owns 435,852 shares of the communications equipment provider’s stock worth $5,766,000 after purchasing an additional 409,966 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Harmonic in the fourth quarter worth about $4,292,000. 99.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on HLIT shares. Rosenblatt Securities reissued a “buy” rating and issued a $11.00 target price on shares of Harmonic in a research note on Tuesday, July 29th. Barclays lowered their price objective on shares of Harmonic from $10.00 to $8.00 and set an “equal weight” rating for the company in a report on Tuesday, July 29th. Wall Street Zen lowered shares of Harmonic from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Needham & Company LLC lowered their price objective on shares of Harmonic from $14.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, July 29th. Finally, Wolfe Research started coverage on shares of Harmonic in a report on Tuesday, July 8th. They issued an “underperform” rating for the company. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $11.67.

Harmonic Price Performance

HLIT stock opened at $9.19 on Friday. The firm has a 50 day moving average price of $9.10 and a 200-day moving average price of $9.41. Harmonic Inc. has a 52-week low of $7.80 and a 52-week high of $15.46. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 15.58 and a beta of 1.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.58 and a current ratio of 1.99.

Harmonic (NASDAQ:HLIT) last released its earnings results on Monday, July 28th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.06. Harmonic had a net margin of 9.96% and a return on equity of 17.83%. The firm had revenue of $138.03 million during the quarter, compared to analyst estimates of $134.90 million. During the same period last year, the business earned $0.08 earnings per share. The business’s revenue was down .5% on a year-over-year basis. Harmonic has set its Q3 2025 guidance at 0.020-0.070 EPS. Equities research analysts forecast that Harmonic Inc. will post 0.31 EPS for the current fiscal year.

About Harmonic

Harmonic Inc, together with its subsidiaries, provides broadband solutions worldwide. The company operates through Broadband and Video segments. The Broadband segment sells broadband access solutions and related services, including cOS software-based broadband access solutions to broadband operators; and cOS central cloud services, a subscription service for cOS customers.