Neven Haltmayer Sells 23,835 Shares of Harmonic (NASDAQ:HLIT) Stock

Harmonic Inc. (NASDAQ:HLIT) SVP Neven Haltmayer sold 23,835 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $10.41, for a total transaction of $248,122.35. Following the sale, the senior vice president owned 149,570 shares in the company, valued at $1,557,023.70. This trade represents a 13.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Neven Haltmayer also recently made the following trade(s):

• On Friday, December 12th, Neven Haltmayer sold 6,165 shares of Harmonic stock. The shares were sold at an average price of $10.61, for a total transaction of $65,410.65.

Harmonic Trading Down 0.4%

Shares of HLIT stock opened at $10.42 on Wednesday. Harmonic Inc. has a fifty-two week low of $7.80 and a fifty-two week high of $13.75. The company has a 50 day moving average price of $10.02 and a 200 day moving average price of $9.65. The stock has a market capitalization of $1.17 billion, a P/E ratio of 24.81 and a beta of 1.06. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.64 and a current ratio of 2.08.

Harmonic (NASDAQ:HLIT) last released its 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 return on equity of 13.70% and a net margin of 7.81%.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 business posted $0.26 earnings per share. Harmonic’s revenue was down 27.3% compared to the same quarter last year. Harmonic has set its Q4 2025 guidance at 0.060-0.120 EPS. Equities research analysts predict that Harmonic Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HLIT has been the topic of a number of recent research reports. Rosenblatt Securities restated a “buy” rating and set a $14.00 target price on shares of Harmonic in a research note on Tuesday, December 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Harmonic in a report on Wednesday, October 8th. Barclays raised their price objective on shares of Harmonic from $8.00 to $11.00 and gave the company an “equal weight” rating in a report on Wednesday, November 5th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $15.00 target price on shares of Harmonic in a research note on Tuesday, December 9th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $13.13.

Institutional Trading of Harmonic

Institutional investors have recently modified their holdings of the stock. iSAM Funds UK Ltd purchased a new position in shares of Harmonic in the 3rd quarter valued at $49,000. McIlrath & Eck LLC purchased a new position in shares of Harmonic during the third quarter worth about $57,000. Russell Investments Group Ltd. increased its position in shares of Harmonic by 23,297.5% during the third quarter. Russell Investments Group Ltd. now owns 9,359 shares of the communications equipment provider’s stock worth $95,000 after purchasing an additional 9,319 shares in the last quarter. Cresset Asset Management LLC increased its position in shares of Harmonic by 16.5% during the first quarter. Cresset Asset Management LLC now owns 11,721 shares of the communications equipment provider’s stock worth $112,000 after purchasing an additional 1,660 shares in the last quarter. Finally, Significant Wealth Partners LLC purchased a new stake in shares of Harmonic in the 2nd quarter valued at about $112,000. Hedge funds and other institutional investors own 99.38% of the company’s stock.

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.