Ellsworth Advisors LLC Buys Shares of 498,398 Harmonic Inc. $HLIT

Ellsworth Advisors LLC bought a new position in shares of Harmonic Inc. (NASDAQ:HLIT) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 498,398 shares of the communications equipment provider’s stock, valued at approximately $5,104,000. Ellsworth Advisors LLC owned 0.44% of Harmonic at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Alyeska Investment Group L.P. boosted its stake in Harmonic by 310.1% during the 1st quarter. Alyeska Investment Group L.P. now owns 3,077,776 shares of the communications equipment provider’s stock worth $29,516,000 after acquiring an additional 2,327,272 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Harmonic by 0.8% during the second quarter. Geode Capital Management LLC now owns 2,779,080 shares of the communications equipment provider’s stock worth $26,321,000 after purchasing an additional 20,774 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Harmonic by 21.9% in the 1st quarter. Alliancebernstein L.P. now owns 2,615,121 shares of the communications equipment provider’s stock valued at $25,079,000 after buying an additional 469,764 shares during the period. Marshall Wace LLP increased its position in shares of Harmonic by 112.8% in the 2nd quarter. Marshall Wace LLP now owns 1,925,149 shares of the communications equipment provider’s stock valued at $18,231,000 after buying an additional 1,020,431 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its stake in Harmonic by 37.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,371,746 shares of the communications equipment provider’s stock worth $12,990,000 after buying an additional 371,302 shares during the period. 99.38% of the stock is owned by institutional investors.

Insider Buying and Selling at Harmonic

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

Analyst Ratings Changes

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

Harmonic Stock Down 0.1%

Shares of Harmonic stock opened at $9.96 on Friday. The firm has a market cap of $1.12 billion, a PE ratio of 23.71 and a beta of 1.06. The business’s 50 day simple moving average is $10.01 and its 200 day simple moving average is $9.68. 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 Inc. has a 52-week low of $7.80 and a 52-week high of $13.68.

Harmonic (NASDAQ:HLIT) last issued its quarterly earnings results on Monday, November 3rd. The communications equipment provider reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.07. The company had revenue of $142.38 million during the quarter, compared to analysts’ expectations of $127.94 million. Harmonic had a net margin of 7.81% and a return on equity of 13.70%. The business’s quarterly revenue was down 27.3% on a year-over-year basis. During the same period last year, the business earned $0.26 EPS. Harmonic has set its Q4 2025 guidance at 0.060-0.120 EPS. On average, analysts predict that Harmonic Inc. will post 0.31 earnings per share for the current fiscal year.

About Harmonic

Harmonic Inc (NASDAQ:HLIT) is a leading provider of video delivery infrastructure that enables service providers, broadcasters and content owners to capture, process and distribute high‐quality video across broadcast, cable, satellite and IP networks. The company’s portfolio spans real‐time video compression solutions, including encoders and transcoders, as well as storage and server products designed for live production, playout and streaming on any device.

Harmonic’s product lines include cable edge QAM modules and set‐top video processing platforms for traditional pay‐TV operators, alongside cloud‐native software for over‐the‐top (OTT) delivery, origin servers and content delivery network (CDN) services.