Harmonic Inc. (NASDAQ:HLIT) Receives Consensus Rating of “Hold” from Analysts

Shares of Harmonic Inc. (NASDAQ:HLIT) have been given an average rating of “Hold” by the seven analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $13.1250.

A number of research firms have weighed in on HLIT. Barclays increased their price target 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of Harmonic in a report on Wednesday, October 8th. Rosenblatt Securities reissued a “buy” rating and set a $14.00 price target on shares of Harmonic in a research report on Tuesday, December 9th. Finally, Needham & Company LLC restated a “buy” rating and issued a $15.00 price objective on shares of Harmonic in a report on Tuesday, December 9th.

Harmonic Price Performance

Shares of NASDAQ:HLIT opened at $10.15 on Friday. The company has a market cap of $1.14 billion, a P/E ratio of 24.17 and a beta of 1.06. The business has a fifty day simple moving average of $10.02 and a 200-day simple moving average of $9.66. Harmonic has a 52 week low of $7.80 and a 52 week high of $13.75. The company has a quick ratio of 1.64, a current ratio of 2.08 and a debt-to-equity ratio of 0.27.

Harmonic (NASDAQ:HLIT) last posted its quarterly earnings data on Monday, November 3rd. The communications equipment provider reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.07. Harmonic had a net margin of 7.81% and a return on equity of 13.70%. The company had revenue of $142.38 million during the quarter, compared to the consensus estimate of $127.94 million. During the same quarter in the prior year, the company posted $0.26 EPS. The company’s quarterly 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 forecast that Harmonic will post 0.31 EPS for the current year.

Insider Buying and Selling

In other Harmonic news, SVP Neven Haltmayer sold 23,835 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $10.41, for a total transaction of $248,122.35. Following the completion of the sale, the senior vice president directly owned 149,570 shares in the company, valued at $1,557,023.70. The trade was a 13.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Krall bought 47,528 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was acquired at an average cost of $10.50 per share, for a total transaction of $499,044.00. Following the purchase, the director owned 223,125 shares in the company, valued at approximately $2,342,812.50. This trade represents a 27.07% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 1.21% of the company’s stock.

Institutional Investors Weigh In On Harmonic

Several institutional investors and hedge funds have recently modified their holdings of the stock. Tudor Investment Corp ET AL raised its holdings in shares of Harmonic by 18.3% during the 3rd quarter. Tudor Investment Corp ET AL now owns 1,013,492 shares of the communications equipment provider’s stock valued at $10,317,000 after buying an additional 156,862 shares during the period. Connors Investor Services Inc. acquired a new stake in Harmonic in the third quarter valued at approximately $240,000. CIBC Bancorp USA Inc. purchased a new stake in shares of Harmonic during the third quarter valued at approximately $122,000. Dark Forest Capital Management LP raised its stake in shares of Harmonic by 82.7% during the third quarter. Dark Forest Capital Management LP now owns 292,764 shares of the communications equipment provider’s stock valued at $2,980,000 after purchasing an additional 132,487 shares during the period. Finally, Alyeska Investment Group L.P. lifted its holdings in Harmonic by 9.5% in the 3rd quarter. Alyeska Investment Group L.P. now owns 2,013,804 shares of the communications equipment provider’s stock worth $20,501,000 after buying an additional 174,203 shares in the last quarter. 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.