Needham & Company LLC Boosts Harmonic (NASDAQ:HLIT) Price Target to $17.00

Harmonic (NASDAQ:HLIT) had its price target upped by research analysts at Needham & Company LLC from $15.00 to $17.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the communications equipment provider’s stock. Needham & Company LLC’s price target would indicate a potential upside of 55.96% from the company’s current price.

HLIT has been the subject of a number of other research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Harmonic in a research note on Thursday, January 22nd. Barclays increased their price target on shares of Harmonic from $8.00 to $11.00 and gave the company an “equal weight” rating in a report on Wednesday, November 5th. Finally, Rosenblatt Securities boosted their price objective on Harmonic from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Friday. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Harmonic currently has an average rating of “Hold” and a consensus price target of $14.50.

Harmonic Trading Up 1.6%

Shares of Harmonic stock opened at $10.90 on Friday. 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 business has a fifty day simple moving average of $10.12 and a two-hundred day simple moving average of $9.95. Harmonic has a 1 year low of $7.80 and a 1 year high of $12.18. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of -27.95 and a beta of 1.05.

Insider Buying and Selling

In related news, SVP Neven Haltmayer sold 23,835 shares of the business’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 sale, the senior vice president directly owned 149,570 shares in the company, valued at approximately $1,557,023.70. The trade was a 13.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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, for a total transaction of $499,044.00. Following the transaction, the director directly owned 223,125 shares of the company’s stock, valued at $2,342,812.50. This represents a 27.07% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.21% of the company’s stock.

Institutional Trading of Harmonic

Institutional investors have recently modified their holdings of the stock. iSAM Funds UK Ltd bought a new position in shares of Harmonic in the third quarter worth $49,000. McIlrath & Eck LLC acquired a new stake in Harmonic during the third quarter worth about $57,000. Global Retirement Partners LLC increased its holdings in Harmonic by 23,193.5% in the 4th quarter. Global Retirement Partners LLC now owns 7,221 shares of the communications equipment provider’s stock valued at $71,000 after buying an additional 7,190 shares during the period. KBC Group NV increased its holdings in Harmonic by 130.7% in the 4th quarter. KBC Group NV now owns 7,476 shares of the communications equipment provider’s stock valued at $74,000 after buying an additional 4,236 shares during the period. Finally, Royal Bank of Canada lifted its holdings in shares of Harmonic by 64.6% during the 4th quarter. Royal Bank of Canada now owns 7,645 shares of the communications equipment provider’s stock worth $75,000 after acquiring an additional 3,000 shares during the period. 99.38% of the stock is currently owned by institutional investors.

Key Harmonic News

Here are the key news stories impacting Harmonic this week:

• Positive Sentiment: izzi (largest MSO in Mexico) selected Harmonic’s cOS virtualized broadband platform for its fiber expansion — a tangible commercial win that validates Harmonic’s broadband push and supports future recurring bookings. izzi Accelerates Strategic Fiber Broadband Expansion with Harmonic
• Positive Sentiment: Analysts raised price targets and kept buy ratings — Rosenblatt lifted its target to $16 and Needham to $17, signaling strong upside expectations versus the current price and likely contributing to buying interest. Benzinga coverage of analyst updates
• Positive Sentiment: Company said Q4 record broadband bookings drove a 3.5 book-to-bill and confirmed the previously announced sale of its Video business is proceeding — supports management’s strategic refocus on broadband. Harmonic Announces Fourth Quarter and Fiscal 2025 Results
• Neutral Sentiment: Q4 earnings call transcripts and slide deck were released for investors looking for detail on margins, bookings and the Video sale timeline. Useful for deeper diligence but not new headline catalysts by themselves. Q4 results – presentation
• Neutral Sentiment: Data feeds show anomalous short-interest entries reporting zero shares/NaN — appears to be a reporting artifact and not an actionable signal. (Not a driver of today’s move.)
• Negative Sentiment: Top-line weakness: reported Q4 revenue (~$98.2M) missed consensus (~$141M) and was down ~42.6% YoY; company’s FY2026 and Q1 EPS guidance was raised but revenue guidance ($440M–$480M FY, $100M–$105M Q1) came in well below Street estimates — this mix raises near-term growth concerns. Harmonic Q4 Earnings and Revenues Lag Estimates

Harmonic Company Profile

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.