Harmonic Inc. (NASDAQ:HLIT) Given Consensus Rating of “Hold” by Brokerages

Harmonic Inc. (NASDAQ:HLIT) has earned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $13.1250.

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

Harmonic Stock Performance

Shares of HLIT opened at $10.06 on Tuesday. Harmonic has a 1 year low of $7.80 and a 1 year high of $12.79. The stock has a market capitalization 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 quick ratio of 1.64 and a current ratio of 2.08. The stock has a 50-day simple moving average of $9.89 and a 200-day simple moving average of $9.76.

Harmonic (NASDAQ:HLIT) last issued its earnings results 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 net margin of 7.81% and a return on equity of 13.70%. The firm had revenue of $142.38 million for the quarter, compared to analysts’ expectations of $127.94 million. During the same quarter last year, the company earned $0.26 earnings per share. The firm’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. On average, analysts predict that Harmonic will post 0.31 earnings per share for the current fiscal year.

Insider Activity at Harmonic

In related news, Director David Krall bought 47,528 shares of the stock in a transaction dated Thursday, December 11th. The stock was acquired at an average price of $10.50 per share, for a total transaction of $499,044.00. Following the acquisition, the director owned 223,125 shares in the company, valued at approximately $2,342,812.50. This represents a 27.07% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Neven Haltmayer sold 23,835 shares of Harmonic stock in a transaction on 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 represents a 13.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.21% of the stock is currently owned by insiders.

Institutional Trading of Harmonic

Several institutional investors and hedge funds have recently made changes to their positions in HLIT. Silverberg Bernstein Capital Management LLC boosted its position in shares of Harmonic by 4.2% in the 4th quarter. Silverberg Bernstein Capital Management LLC now owns 1,299,638 shares of the communications equipment provider’s stock valued at $12,853,000 after purchasing an additional 52,545 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Harmonic by 47.8% in the fourth quarter. SG Americas Securities LLC now owns 66,518 shares of the communications equipment provider’s stock valued at $658,000 after acquiring an additional 21,507 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Harmonic by 16.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,054 shares of the communications equipment provider’s stock valued at $534,000 after acquiring an additional 7,413 shares during the period. Tudor Investment Corp ET AL grew its position in shares of Harmonic by 18.3% during the third quarter. Tudor Investment Corp ET AL now owns 1,013,492 shares of the communications equipment provider’s stock worth $10,317,000 after acquiring an additional 156,862 shares during the last quarter. Finally, Connors Investor Services Inc. acquired a new position in shares of Harmonic in the 3rd quarter valued at $240,000. 99.38% of the stock is owned by hedge funds and other institutional investors.

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.