Harmonic (NASDAQ:HLIT) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Harmonic Inc. (NASDAQ:HLIT) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.74 and traded as high as $10.10. Harmonic shares last traded at $10.06, with a volume of 1,168,760 shares traded.

Wall Street Analyst Weigh In

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

Harmonic Stock Performance

The stock has a market cap of $1.13 billion, a PE ratio of 23.95 and a beta of 1.04. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.08 and a quick ratio of 1.64. The stock has a 50-day simple moving average of $9.95 and a 200-day simple moving average of $9.74.

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

Insider Buying and Selling at Harmonic

In other Harmonic news, Director David Krall purchased 47,528 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was purchased at an average cost of $10.50 per share, with a total value of $499,044.00. Following the transaction, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Neven Haltmayer sold 23,835 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $10.41, for a total value of $248,122.35. Following the completion of the sale, the senior vice president owned 149,570 shares of the company’s stock, valued at approximately $1,557,023.70. This represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.21% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. EP Wealth Advisors LLC acquired a new stake in shares of Harmonic in the first quarter valued at about $223,000. Alliancebernstein L.P. boosted its holdings in Harmonic by 21.9% in the 1st quarter. Alliancebernstein L.P. now owns 2,615,121 shares of the communications equipment provider’s stock worth $25,079,000 after acquiring an additional 469,764 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Harmonic by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,664 shares of the communications equipment provider’s stock valued at $630,000 after acquiring an additional 2,853 shares in the last quarter. Petrus Trust Company LTA purchased a new stake in shares of Harmonic during the first quarter valued at approximately $300,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Harmonic during the first quarter valued at approximately $728,000. Institutional investors and hedge funds own 99.38% of the company’s stock.

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.