Harmonic Inc. (NASDAQ:HLIT) Given Average Recommendation of “Hold” by Brokerages

Shares of Harmonic Inc. (NASDAQ:HLIT) have received an average rating of “Hold” from the five brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $14.50.

HLIT has been the subject of several recent analyst reports. Rosenblatt Securities lifted their target price on shares of Harmonic from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Northland Securities set a $14.00 price objective on Harmonic in a research report on Friday, February 20th. Needham & Company LLC lifted their target price on Harmonic from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Harmonic in a report on Thursday, January 22nd. Finally, Barclays boosted their target price on Harmonic from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 5th.

Insider Buying and Selling

In other news, Director David Krall bought 47,528 shares of the stock in a transaction on Thursday, December 11th. The stock was acquired at an average cost of $10.50 per share, for a total transaction of $499,044.00. Following the acquisition, the director 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. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, 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 sale, the senior vice president directly owned 149,570 shares in the company, valued at $1,557,023.70. This trade represents a 13.75% decrease in their position. The SEC filing for this sale provides additional information. 1.21% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Harmonic

A number of large investors have recently made changes to their positions in HLIT. Exchange Traded Concepts LLC purchased a new position in shares of Harmonic in the third quarter valued at $1,236,000. Ellsworth Advisors LLC acquired a new position in Harmonic in the third quarter worth about $5,104,000. Silverberg Bernstein Capital Management LLC increased its holdings in shares of Harmonic by 11.2% in the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 1,247,093 shares of the communications equipment provider’s stock valued at $12,695,000 after acquiring an additional 125,795 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Harmonic during the second quarter worth $412,000. Finally, Inspire Advisors LLC bought a new position in Harmonic in the third quarter worth about $2,455,000. 99.38% of the stock is owned by hedge funds and other institutional investors.

Harmonic Stock Down 6.7%

Shares of NASDAQ HLIT opened at $10.21 on Wednesday. The company has a quick ratio of 2.26, a current ratio of 2.50 and a debt-to-equity ratio of 0.28. The company has a market cap of $1.13 billion, a P/E ratio of -26.18 and a beta of 1.04. Harmonic has a 52 week low of $7.80 and a 52 week high of $12.18. The business has a 50-day simple moving average of $10.17 and a two-hundred day simple moving average of $10.04.

Harmonic (NASDAQ:HLIT) last announced its earnings results on Thursday, February 19th. The communications equipment provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). The company had revenue of ($53.02) million during the quarter, compared to analysts’ expectations of $140.98 million. Harmonic had a negative net margin of 7.59% and a positive return on equity of 5.91%. The company’s revenue for the quarter was down 42.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 earnings per share. Harmonic has set its FY 2026 guidance at 0.460-0.630 EPS and its Q1 2026 guidance at 0.110-0.120 EPS. Research analysts anticipate that Harmonic 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.