Trigran Investments Inc. Sells 371,593 Shares of Harmonic Inc. $HLIT

Trigran Investments Inc. reduced its stake in shares of Harmonic Inc. (NASDAQ:HLIT) by 10.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,221,401 shares of the communications equipment provider’s stock after selling 371,593 shares during the quarter. Harmonic makes up approximately 5.9% of Trigran Investments Inc.’s portfolio, making the stock its 8th largest position. Trigran Investments Inc.’s holdings in Harmonic were worth $32,794,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in Harmonic by 1.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,461,043 shares of the communications equipment provider’s stock worth $35,232,000 after buying an additional 42,280 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Harmonic by 0.8% in the second quarter. Geode Capital Management LLC now owns 2,779,080 shares of the communications equipment provider’s stock worth $26,321,000 after acquiring an additional 20,774 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Harmonic by 112.8% during the second quarter. Marshall Wace LLP now owns 1,925,149 shares of the communications equipment provider’s stock worth $18,231,000 after acquiring an additional 1,020,431 shares in the last quarter. Qube Research & Technologies Ltd boosted its position in Harmonic by 37.1% during the second quarter. Qube Research & Technologies Ltd now owns 1,371,746 shares of the communications equipment provider’s stock valued at $12,990,000 after purchasing an additional 371,302 shares during the last quarter. Finally, Silverberg Bernstein Capital Management LLC grew its stake in Harmonic by 11.2% in the third 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 purchasing an additional 125,795 shares in the last quarter. 99.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Rosenblatt Securities lifted their price target on Harmonic from $14.00 to $16.00 and gave the company a “buy” rating in a report on Friday, February 20th. Needham & Company LLC raised their price target on shares of Harmonic from $15.00 to $17.00 and gave the company a “buy” rating in a report on Friday, February 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Harmonic in a report on Thursday, January 22nd. Finally, Northland Securities set a $14.00 target price on shares of Harmonic in a research report on Friday, February 20th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Harmonic currently has an average rating of “Hold” and an average target price of $14.50.

Harmonic Stock Performance

NASDAQ:HLIT opened at $9.94 on Friday. The firm’s 50-day moving average is $10.17 and its 200-day moving average is $10.04. The company has a market cap of $1.10 billion, a price-to-earnings ratio of -25.49 and a beta of 1.04. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.26 and a current ratio of 2.50. Harmonic Inc. has a 52-week low of $7.80 and a 52-week high of $12.18.

Harmonic (NASDAQ:HLIT) last released its quarterly earnings data on Thursday, February 19th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). The firm had revenue of ($53.02) million for the quarter, compared to the consensus estimate of $140.98 million. Harmonic had a negative net margin of 7.59% and a positive return on equity of 5.91%. The business’s revenue for the quarter was down 42.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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. Equities research analysts anticipate that Harmonic Inc. will post 0.31 earnings per share for the current year.

Insider Activity at Harmonic

In other news, Director David Krall bought 47,528 shares of Harmonic stock in a transaction dated Thursday, December 11th. The shares were bought at an average price of $10.50 per share, for a total transaction of $499,044.00. Following the purchase, the director 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Neven Haltmayer sold 23,835 shares of the 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 sale, the senior vice president owned 149,570 shares of the company’s stock, 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 owned by company insiders.

Harmonic 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.