Harmonic (NASDAQ:HLIT) SVP Neven Haltmayer Sells 6,165 Shares

Harmonic Inc. (NASDAQ:HLIT) SVP Neven Haltmayer sold 6,165 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $10.61, for a total transaction of $65,410.65. Following the completion of the sale, the senior vice president directly owned 173,405 shares of the company’s stock, valued at approximately $1,839,827.05. The trade was a 3.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Neven Haltmayer also recently made the following trade(s):

• On Monday, December 15th, Neven Haltmayer sold 23,835 shares of Harmonic stock. The stock was sold at an average price of $10.41, for a total transaction of $248,122.35.

Harmonic Stock Performance

Harmonic stock traded up $0.18 during midday trading on Monday, hitting $10.46. The company’s 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 company has a market cap of $1.17 billion, a price-to-earnings ratio of 24.91 and a beta of 1.07. Harmonic Inc. has a 1-year low of $7.80 and a 1-year high of $13.75. The company has a 50-day moving average price of $10.02 and a two-hundred day moving average price of $9.64.

Harmonic (NASDAQ:HLIT) last announced its earnings results on Monday, November 3rd. The communications equipment provider reported $0.12 EPS for the quarter, topping 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 company had revenue of $142.38 million for the quarter, compared to analysts’ expectations of $127.94 million. The business’s revenue for the quarter was down 27.3% on a year-over-year basis. During the same period last year, the firm earned $0.26 earnings per share. Harmonic has set its Q4 2025 guidance at 0.060-0.120 EPS. As a group, sell-side analysts predict that Harmonic Inc. will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HLIT has been the subject of a number of recent analyst reports. Rosenblatt Securities reiterated a “buy” rating and set a $14.00 target price on shares of Harmonic in a research report on Tuesday, December 9th. Needham & Company LLC reissued a “buy” rating and issued a $15.00 target price on shares of Harmonic in a report on Tuesday, December 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Harmonic in a research report on Wednesday, October 8th. Finally, Barclays upped their price target on shares of Harmonic from $8.00 to $11.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 5th. 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 stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $13.13.

Institutional Trading of Harmonic

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tudor Investment Corp ET AL raised its stake in 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 buying an additional 156,862 shares during the last quarter. Connors Investor Services Inc. acquired a new position in shares of Harmonic during the third quarter valued at about $240,000. CIBC Bancorp USA Inc. bought a new stake in Harmonic in the 3rd quarter valued at about $122,000. Dark Forest Capital Management LP boosted its holdings in Harmonic by 82.7% in the third quarter. Dark Forest Capital Management LP now owns 292,764 shares of the communications equipment provider’s stock worth $2,980,000 after acquiring an additional 132,487 shares in the last quarter. Finally, Alyeska Investment Group L.P. lifted its holdings in shares of Harmonic by 9.5% in the 3rd quarter. Alyeska Investment Group L.P. now owns 2,013,804 shares of the communications equipment provider’s stock worth $20,501,000 after purchasing an additional 174,203 shares in the last quarter. 99.38% of the stock is currently owned by institutional investors and hedge funds.

Harmonic Company Profile

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.