AXQ Capital LP Invests $286,000 in Harmonic Inc. $HLIT

AXQ Capital LP acquired a new position in Harmonic Inc. (NASDAQ:HLIT) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 30,185 shares of the communications equipment provider’s stock, valued at approximately $286,000.

A number of other institutional investors also recently bought and sold shares of HLIT. Cresset Asset Management LLC lifted its position 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 purchasing an additional 1,660 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Harmonic by 3.8% in the second quarter. State of Alaska Department of Revenue now owns 67,306 shares of the communications equipment provider’s stock worth $636,000 after buying an additional 2,448 shares during the period. Police & Firemen s Retirement System of New Jersey raised its stake in shares of Harmonic by 12.1% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 25,349 shares of the communications equipment provider’s stock worth $240,000 after buying an additional 2,743 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Harmonic by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,664 shares of the communications equipment provider’s stock valued at $630,000 after buying an additional 2,853 shares in the last quarter. Finally, Entropy Technologies LP grew its stake in shares of Harmonic by 27.1% during the 1st quarter. Entropy Technologies LP now owns 14,016 shares of the communications equipment provider’s stock valued at $134,000 after acquiring an additional 2,990 shares during the period. 99.38% of the stock is owned by institutional investors.

Harmonic Stock Performance

NASDAQ:HLIT opened at $9.01 on Tuesday. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 15.27 and a beta of 1.04. Harmonic Inc. has a 1 year low of $7.80 and a 1 year high of $13.75. The stock’s 50 day simple moving average is $10.12 and its two-hundred day simple moving average is $9.57. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.99 and a quick ratio of 1.58.

Harmonic (NASDAQ:HLIT) last posted its earnings results on Monday, November 3rd. The communications equipment provider reported $0.12 earnings per share 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 firm had revenue of $142.38 million during the quarter, compared to analyst estimates of $127.94 million. During the same period last year, the firm posted $0.26 earnings per share. Harmonic’s revenue for the quarter was down 27.3% compared to the same quarter last year. Harmonic has set its Q4 2025 guidance at 0.060-0.120 EPS. As a group, equities analysts anticipate that Harmonic Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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