Brokerages Set Harmonic Inc. (NASDAQ:HLIT) Target Price at $14.50

Shares of Harmonic Inc. (NASDAQ:HLIT) have been given a consensus recommendation of “Hold” by the five ratings firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $14.50.

A number of equities research analysts recently weighed in on the company. Northland Securities set a $14.00 target price on Harmonic in a research report on Friday, February 20th. Rosenblatt Securities raised their price objective on Harmonic from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Weiss Ratings reissued a “hold (c-)” rating on shares of Harmonic in a report on Thursday, January 22nd. Finally, Needham & Company LLC boosted their price objective on Harmonic from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, February 20th.

Harmonic Trading Down 5.5%

Shares of Harmonic stock opened at $9.38 on Wednesday. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -24.05 and a beta of 1.04. Harmonic has a 1 year low of $7.80 and a 1 year high of $12.18. The company’s fifty day simple moving average is $10.16 and its 200-day simple moving average is $10.04. The company has a current ratio of 2.50, a quick ratio of 2.26 and a debt-to-equity ratio of 0.28.

Harmonic (NASDAQ:HLIT) last issued its quarterly earnings results on Thursday, February 19th. The communications equipment provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). Harmonic had a negative net margin of 7.59% and a positive return on equity of 5.91%. The company had revenue of ($53.02) million during the quarter, compared to the consensus estimate of $140.98 million. During the same period last year, the company earned $0.45 earnings per share. Harmonic’s revenue for the quarter was down 42.6% on a year-over-year basis. Harmonic has set its FY 2026 guidance at 0.460-0.630 EPS and its Q1 2026 guidance at 0.110-0.120 EPS. As a group, sell-side analysts expect that Harmonic will post 0.31 EPS for the current year.

Insiders Place Their Bets

In other Harmonic news, SVP Neven Haltmayer sold 23,835 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $10.41, for a total value 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. The trade was a 13.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David Krall acquired 47,528 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was acquired at an average price of $10.50 per share, with a total value of $499,044.00. Following the purchase, the director owned 223,125 shares in the company, valued at approximately $2,342,812.50. This represents a 27.07% increase in their position. The SEC filing for this purchase provides additional information. 1.21% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Alpine Global Management LLC acquired a new stake in shares of Harmonic in the 4th quarter valued at $179,000. Aristides Capital LLC acquired a new stake in shares of Harmonic during the 4th quarter worth about $202,000. Invesco Ltd. lifted its holdings in Harmonic by 4.3% during the 4th quarter. Invesco Ltd. now owns 537,329 shares of the communications equipment provider’s stock valued at $5,314,000 after purchasing an additional 22,253 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in Harmonic during the 4th quarter valued at about $117,000. Finally, Summit Global Investments boosted its position in Harmonic by 67.6% in the fourth quarter. Summit Global Investments now owns 86,740 shares of the communications equipment provider’s stock valued at $858,000 after buying an additional 34,980 shares in the last quarter. 99.38% of the stock is owned by institutional investors.

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.