David Krall Buys 47,528 Shares of Harmonic (NASDAQ:HLIT) Stock

Harmonic Inc. (NASDAQ:HLIT) Director David Krall acquired 47,528 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were purchased at an average price of $10.50 per share, for a total transaction of $499,044.00. Following the purchase, 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Harmonic Stock Performance

Shares of HLIT stock traded up $0.18 during trading hours on Monday, reaching $10.46. The stock had a trading volume of 1,369,142 shares, compared to its average volume of 1,095,275. 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 firm has a 50-day simple moving average of $10.02 and a 200-day simple moving average of $9.64. The firm has a market capitalization of $1.17 billion, a PE ratio of 24.91 and a beta of 1.07. Harmonic Inc. has a twelve month low of $7.80 and a twelve month high of $13.75.

Harmonic (NASDAQ:HLIT) last issued its quarterly earnings data on Monday, November 3rd. The communications equipment provider reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.07. The business had revenue of $142.38 million for 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 was down 27.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 earnings per share. Harmonic has set its Q4 2025 guidance at 0.060-0.120 EPS. As a group, equities analysts forecast that Harmonic Inc. will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Harmonic

A number of hedge funds and other institutional investors have recently bought and sold shares of HLIT. iSAM Funds UK Ltd acquired a new position in Harmonic during the 3rd quarter worth about $49,000. McIlrath & Eck LLC bought a new position in Harmonic in the 3rd quarter valued at $57,000. Russell Investments Group Ltd. raised its position in shares of Harmonic by 23,297.5% during the third quarter. Russell Investments Group Ltd. now owns 9,359 shares of the communications equipment provider’s stock worth $95,000 after acquiring an additional 9,319 shares during the last quarter. Cresset Asset Management LLC increased its position in Harmonic by 16.5% in the first quarter. Cresset Asset Management LLC now owns 11,721 shares of the communications equipment provider’s stock worth $112,000 after purchasing an additional 1,660 shares during the period. Finally, Significant Wealth Partners LLC bought a new stake in Harmonic during the 2nd quarter worth about $112,000. 99.38% of the stock is owned by institutional investors and hedge funds.

About Harmonic

Harmonic Inc, together with its subsidiaries, provides broadband solutions worldwide. The company operates through Broadband and Video segments. The Broadband segment sells broadband access solutions and related services, including cOS software-based broadband access solutions to broadband operators; and cOS central cloud services, a subscription service for cOS customers.