Harmonic Inc. (NASDAQ:HLIT) Receives Average Rating of “Hold” from Brokerages

Shares of Harmonic Inc. (NASDAQ:HLIT) have been assigned an average recommendation of “Hold” from the seven research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $13.1250.

Several brokerages have recently issued reports on HLIT. Weiss Ratings reissued a “hold (c-)” rating on shares of Harmonic in a research report on Wednesday, October 8th. Barclays upped 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. Rosenblatt Securities reiterated a “buy” rating and issued a $14.00 price objective on shares of Harmonic in a report on Tuesday, December 9th. Finally, Needham & Company LLC restated a “buy” rating and set a $15.00 target price on shares of Harmonic in a report on Tuesday, December 9th.

Harmonic Trading Down 0.3%

NASDAQ:HLIT opened at $9.98 on Friday. The company has a 50-day moving average price of $10.01 and a 200-day moving average price of $9.68. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 23.75 and a beta of 1.06. The company has a current ratio of 2.08, a quick ratio of 1.64 and a debt-to-equity ratio of 0.27. Harmonic has a 12 month low of $7.80 and a 12 month high of $13.75.

Harmonic (NASDAQ:HLIT) last released its quarterly earnings results 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 company had revenue of $142.38 million during the quarter, compared to the consensus estimate of $127.94 million. Harmonic had a net margin of 7.81% and a return on equity of 13.70%. Harmonic’s revenue was down 27.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 earnings per share. Harmonic has set its Q4 2025 guidance at 0.060-0.120 EPS. Equities analysts predict that Harmonic will post 0.31 EPS for the current year.

Insider Transactions at Harmonic

In other Harmonic news, Director David Krall acquired 47,528 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were acquired at an average price of $10.50 per share, with a total value of $499,044.00. Following the completion of the purchase, the director directly owned 223,125 shares of the company’s stock, valued at approximately $2,342,812.50. The trade was a 27.07% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Neven Haltmayer sold 23,835 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $10.41, for a total transaction of $248,122.35. Following the completion of the sale, the senior vice president owned 149,570 shares in the company, valued at approximately $1,557,023.70. This trade represents a 13.75% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.21% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Amalgamated Bank grew its stake in shares of Harmonic by 3.5% in the third quarter. Amalgamated Bank now owns 33,186 shares of the communications equipment provider’s stock worth $338,000 after acquiring an additional 1,116 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Harmonic by 7.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 16,926 shares of the communications equipment provider’s stock worth $172,000 after purchasing an additional 1,162 shares in the last quarter. CWM LLC boosted its stake in Harmonic by 5.1% in the 3rd quarter. CWM LLC now owns 28,262 shares of the communications equipment provider’s stock worth $288,000 after purchasing an additional 1,376 shares in the last quarter. Cresset Asset Management LLC grew its position in Harmonic by 16.5% during the 1st quarter. Cresset Asset Management LLC now owns 11,721 shares of the communications equipment provider’s stock valued at $112,000 after purchasing an additional 1,660 shares during the last quarter. Finally, Significant Wealth Partners LLC increased its stake in Harmonic by 15.3% during the 3rd quarter. Significant Wealth Partners LLC now owns 13,687 shares of the communications equipment provider’s stock valued at $139,000 after purchasing an additional 1,816 shares in the last quarter. 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.