EP Wealth Advisors LLC Invests $223,000 in Harmonic Inc. $HLIT

EP Wealth Advisors LLC acquired a new stake in shares of Harmonic Inc. (NASDAQ:HLIT) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 23,260 shares of the communications equipment provider’s stock, valued at approximately $223,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HLIT. Arizona State Retirement System increased its position in shares of Harmonic by 4.2% during the 1st quarter. Arizona State Retirement System now owns 33,392 shares of the communications equipment provider’s stock valued at $320,000 after purchasing an additional 1,344 shares during the period. Cresset Asset Management LLC boosted its stake in Harmonic by 16.5% during the first quarter. Cresset Asset Management LLC now owns 11,721 shares of the communications equipment provider’s stock valued at $112,000 after buying an additional 1,660 shares in the last quarter. Bouvel Investment Partners LLC grew its holdings in Harmonic by 1.8% during the first quarter. Bouvel Investment Partners LLC now owns 120,524 shares of the communications equipment provider’s stock worth $1,156,000 after acquiring an additional 2,079 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Harmonic by 3.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,811 shares of the communications equipment provider’s stock worth $831,000 after acquiring an additional 2,146 shares during the period. Finally, Entropy Technologies LP raised its position in Harmonic by 27.1% in the first quarter. Entropy Technologies LP now owns 14,016 shares of the communications equipment provider’s stock worth $134,000 after acquiring an additional 2,990 shares in the last quarter. Institutional investors own 99.38% of the company’s stock.

Wall Street Analyst Weigh In

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

Harmonic Price Performance

Shares of NASDAQ:HLIT opened at $9.91 on Wednesday. The company’s fifty day moving average is $9.23 and its two-hundred day moving average is $9.35. The company has a market cap of $1.13 billion, a P/E ratio of 16.80 and a beta of 1.01. Harmonic Inc. has a 12-month low of $7.80 and a 12-month high of $15.46. The company has a quick ratio of 1.58, a current ratio of 1.99 and a debt-to-equity ratio of 0.27.

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

Harmonic 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.