Harmonic Inc. (NASDAQ:HLIT) Given Consensus Recommendation of “Hold” by Analysts

Shares of Harmonic Inc. (NASDAQ:HLIT) have been given an average recommendation of “Hold” by the seven brokerages that are covering the company, Marketbeat.com reports. One research 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 1 year target price among brokerages that have updated their coverage on the stock in the last year is $13.1250.

A number of research firms have commented on HLIT. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Harmonic in a research report on Wednesday, October 8th. Needham & Company LLC restated a “buy” rating and issued a $15.00 price target on shares of Harmonic in a research note on Tuesday, December 9th. Barclays upped their price objective on Harmonic from $8.00 to $11.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 5th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $14.00 target price on shares of Harmonic in a research report on Tuesday, December 9th.

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 shares were 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 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 can be accessed through the SEC website. Also, Director David Krall purchased 47,528 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was acquired at an average price of $10.50 per share, for a total transaction of $499,044.00. Following the completion of the transaction, the director directly owned 223,125 shares of the company’s stock, valued at approximately $2,342,812.50. This trade represents a 27.07% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 1.21% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Amalgamated Bank grew its stake in shares of Harmonic by 3.5% during the 3rd quarter. Amalgamated Bank now owns 33,186 shares of the communications equipment provider’s stock valued at $338,000 after acquiring an additional 1,116 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Harmonic by 7.4% in the third 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 increased its stake in shares of Harmonic by 5.1% in the third 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. Significant Wealth Partners LLC raised its position in shares of 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 during the period. Finally, Prudential Financial Inc. lifted its stake in shares of Harmonic by 1.6% during the 2nd quarter. Prudential Financial Inc. now owns 118,226 shares of the communications equipment provider’s stock valued at $1,120,000 after buying an additional 1,829 shares in the last quarter. Institutional investors own 99.38% of the company’s stock.

Harmonic Price Performance

Shares of NASDAQ:HLIT opened at $10.07 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.64 and a current ratio of 2.08. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 23.98 and a beta of 1.04. The business has a 50-day simple moving average of $9.87 and a two-hundred day simple moving average of $9.77. Harmonic has a fifty-two week low of $7.80 and a fifty-two week high of $12.79.

Harmonic (NASDAQ:HLIT) last announced its quarterly earnings results on Monday, November 3rd. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.07. Harmonic had a net margin of 7.81% and a return on equity of 13.70%. The firm had revenue of $142.38 million for the quarter, compared to the consensus estimate of $127.94 million. During the same quarter last year, the firm posted $0.26 EPS. The business’s quarterly revenue was down 27.3% compared to the same quarter last year. Harmonic has set its Q4 2025 guidance at 0.060-0.120 EPS. On average, analysts expect that Harmonic will post 0.31 earnings per share for the current year.

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.