Harmonic (NASDAQ:HLIT) Stock Crosses Above 200 Day Moving Average – Here’s Why

Shares of Harmonic Inc. (NASDAQ:HLIT) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.79 and traded as high as $10.43. Harmonic shares last traded at $10.27, with a volume of 833,545 shares.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Harmonic in a research report on Thursday. Barclays raised their price target on 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 reiterated a “buy” rating and set a $15.00 price objective on shares of Harmonic in a research report on Tuesday, December 9th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $14.00 target price on shares of Harmonic in a report on Tuesday, December 9th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Harmonic presently has a consensus rating of “Hold” and a consensus target price of $13.13.

Harmonic Stock Performance

The company has a current ratio of 2.08, a quick ratio of 1.64 and a debt-to-equity ratio of 0.27. The company has a market cap of $1.15 billion, a P/E ratio of 24.45 and a beta of 1.04. The business’s 50 day simple moving average is $9.92 and its 200 day simple moving average is $9.79.

Harmonic (NASDAQ:HLIT) last announced its quarterly earnings data on Monday, November 3rd. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.07. The firm 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 company’s revenue for the quarter was down 27.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.26 earnings per share. Harmonic has set its Q4 2025 guidance at 0.060-0.120 EPS. Sell-side analysts predict that Harmonic Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Transactions at Harmonic

In other Harmonic news, Director David Krall purchased 47,528 shares of the 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 acquisition, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Neven Haltmayer sold 23,835 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $10.41, for a total value of $248,122.35. Following the completion of the transaction, the senior vice president owned 149,570 shares of the company’s stock, valued at $1,557,023.70. The trade was a 13.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.21% of the company’s stock.

Hedge Funds Weigh In On Harmonic

Several hedge funds have recently modified their holdings of HLIT. Exchange Traded Concepts LLC purchased a new stake in Harmonic in the 3rd quarter worth $1,236,000. Ellsworth Advisors LLC bought a new stake in shares of Harmonic in the third quarter worth about $5,104,000. Janney Montgomery Scott LLC purchased a new stake in shares of Harmonic in the second quarter worth about $415,000. Y Intercept Hong Kong Ltd boosted its stake in Harmonic by 200.3% during the second quarter. Y Intercept Hong Kong Ltd now owns 322,826 shares of the communications equipment provider’s stock valued at $3,057,000 after buying an additional 215,335 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Harmonic during the 2nd quarter valued at approximately $412,000. Hedge funds and other institutional investors 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.