Campbell & CO Investment Adviser LLC Makes New $412,000 Investment in Harmonic Inc. $HLIT

Campbell & CO Investment Adviser LLC purchased a new stake in shares of Harmonic Inc. (NASDAQ:HLIT) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 43,485 shares of the communications equipment provider’s stock, valued at approximately $412,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Harmonic by 122.4% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 347,177 shares of the communications equipment provider’s stock valued at $3,288,000 after purchasing an additional 191,098 shares during the period. First Eagle Investment Management LLC boosted its position in Harmonic by 152.8% during the 2nd quarter. First Eagle Investment Management LLC now owns 661,376 shares of the communications equipment provider’s stock valued at $6,263,000 after buying an additional 399,800 shares during the period. Bank of New York Mellon Corp grew its holdings in Harmonic by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 688,676 shares of the communications equipment provider’s stock worth $6,522,000 after acquiring an additional 8,011 shares during the last quarter. Y Intercept Hong Kong Ltd increased its position in shares of Harmonic by 200.3% in the second quarter. Y Intercept Hong Kong Ltd now owns 322,826 shares of the communications equipment provider’s stock valued at $3,057,000 after acquiring an additional 215,335 shares during the period. Finally, MQS Management LLC bought a new position in shares of Harmonic during the second quarter valued at about $193,000. 99.38% of the stock is owned by institutional investors.

Harmonic Stock Performance

Shares of HLIT stock opened at $9.56 on Monday. The company’s fifty day moving average price is $10.22 and its 200-day moving average price is $9.57. The stock has a market cap of $1.07 billion, a PE ratio of 16.20 and a beta of 1.04. The company has a current ratio of 1.99, a quick ratio of 1.58 and a debt-to-equity ratio of 0.27. Harmonic Inc. has a 12 month low of $7.80 and a 12 month high of $13.75.

Harmonic (NASDAQ:HLIT) last issued its quarterly earnings results on Monday, November 3rd. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.07. Harmonic had a net margin of 9.96% and a return on equity of 17.83%. The company had revenue of $142.38 million during the quarter, compared to analysts’ expectations of $127.94 million. During the same period last year, the company posted $0.26 EPS. Harmonic’s revenue was down 27.3% on a year-over-year basis. Harmonic has set its Q4 2025 guidance at 0.060-0.120 EPS. On average, equities analysts expect that Harmonic Inc. will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on HLIT. Rosenblatt Securities reissued a “buy” rating and issued a $14.00 target price on shares of Harmonic in a research note on Tuesday, November 4th. Barclays lifted their price objective on Harmonic from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Harmonic in a report on Wednesday, October 8th. Needham & Company LLC lifted their price target on shares of Harmonic from $12.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Finally, Wall Street Zen lowered shares of Harmonic from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $13.13.

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.