Harmonic Inc. $HLIT Stock Position Raised by Swiss National Bank

Swiss National Bank raised its position in shares of Harmonic Inc. (NASDAQ:HLIT) by 4.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,715 shares of the communications equipment provider’s stock after purchasing an additional 9,500 shares during the period. Swiss National Bank owned 0.20% of Harmonic worth $2,165,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP purchased a new stake in shares of Harmonic during the 4th quarter worth about $33,000. CWM LLC raised its stake in shares of Harmonic by 132.6% during the 1st quarter. CWM LLC now owns 7,119 shares of the communications equipment provider’s stock worth $68,000 after purchasing an additional 4,058 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Harmonic by 5,388.1% during the 4th quarter. Russell Investments Group Ltd. now owns 5,543 shares of the communications equipment provider’s stock worth $73,000 after purchasing an additional 5,442 shares in the last quarter. Drive Wealth Management LLC purchased a new stake in shares of Harmonic during the 1st quarter worth about $111,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of Harmonic during the 1st quarter worth about $132,000. 99.38% of the stock is owned by hedge funds and other institutional investors.

Harmonic Stock Performance

Shares of NASDAQ HLIT opened at $9.19 on Friday. The company has a quick ratio of 1.58, a current ratio of 1.99 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $9.10 and its two-hundred day moving average is $9.41. The company has a market cap of $1.05 billion, a P/E ratio of 15.58 and a beta of 1.00. Harmonic Inc. has a 12 month low of $7.80 and a 12 month high of $15.46.

Harmonic (NASDAQ:HLIT) last issued its quarterly earnings results on Monday, July 28th. The communications equipment provider reported $0.09 EPS for the quarter, topping the consensus estimate of $0.03 by $0.06. The company had revenue of $138.03 million for the quarter, compared to the consensus estimate of $134.90 million. Harmonic had a return on equity of 17.83% and a net margin of 9.96%.The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the business posted $0.08 EPS. Harmonic has set its Q3 2025 guidance at 0.020-0.070 EPS. On average, equities analysts expect that Harmonic Inc. will post 0.31 EPS for the current year.

Analyst Ratings Changes

HLIT has been the subject of several analyst reports. Wolfe Research initiated coverage on Harmonic in a report on Tuesday, July 8th. They issued an “underperform” rating for the company. Rosenblatt Securities restated a “buy” rating and issued a $11.00 target price on shares of Harmonic in a report on Tuesday, July 29th. Wall Street Zen lowered Harmonic from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Barclays reduced their target price on Harmonic from $10.00 to $8.00 and set an “equal weight” rating for the company in a report on Tuesday, July 29th. Finally, Needham & Company LLC reduced their target price on Harmonic from $14.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, July 29th. Four equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $11.67.

Harmonic Company Profile

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.