Neven Haltmayer Sells 31,766 Shares of Harmonic (NASDAQ:HLIT) Stock

Harmonic Inc. (NASDAQ:HLIT) SVP Neven Haltmayer sold 31,766 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $13.24, for a total value of $420,581.84. Following the completion of the transaction, the senior vice president directly owned 133,924 shares in the company, valued at $1,773,153.76. The trade was a 19.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Harmonic Stock Performance

Shares of NASDAQ:HLIT opened at $12.54 on Friday. The business has a fifty day moving average of $10.26 and a 200-day moving average of $10.14. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.26 and a current ratio of 2.27. Harmonic Inc. has a twelve month low of $7.80 and a twelve month high of $15.39. The firm has a market cap of $1.36 billion, a PE ratio of -33.89 and a beta of 1.24.

Harmonic (NASDAQ:HLIT) last announced its earnings results 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). Harmonic had a positive return on equity of 7.84% and a negative net margin of 7.50%.The company had revenue of ($53.02) million for the quarter, compared to analyst estimates of $140.98 million. During the same quarter in the previous year, the company posted $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. On average, equities research analysts predict that Harmonic Inc. will post 0.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Harmonic

A number of institutional investors and hedge funds have recently made changes to their positions in HLIT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Harmonic by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,664 shares of the communications equipment provider’s stock valued at $630,000 after acquiring an additional 2,853 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Harmonic by 9.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,538 shares of the communications equipment provider’s stock valued at $3,390,000 after purchasing an additional 31,276 shares during the period. Jane Street Group LLC lifted its stake in Harmonic by 978.5% during the first quarter. Jane Street Group LLC now owns 247,480 shares of the communications equipment provider’s stock worth $2,373,000 after purchasing an additional 224,534 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Harmonic by 239.3% during the second quarter. American Century Companies Inc. now owns 110,892 shares of the communications equipment provider’s stock valued at $1,050,000 after purchasing an additional 78,214 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Harmonic in the 2nd quarter valued at about $1,426,000. Institutional investors own 99.38% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on HLIT shares. Wall Street Zen upgraded shares of Harmonic from a “hold” rating to a “strong-buy” rating in a research report on Saturday. Needham & Company LLC upped their target price on shares of Harmonic from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Northland Securities set a $15.00 price objective on Harmonic in a report on Tuesday. Rosenblatt Securities lifted their price objective on shares of Harmonic from $16.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $15.00 target price on shares of Harmonic in a research note on Tuesday. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $16.60.

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.