Globeflex Capital L P Purchases Shares of 89,368 Harmonic Inc. $HLIT

Globeflex Capital L P acquired a new position in shares of Harmonic Inc. (NASDAQ:HLIT) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 89,368 shares of the communications equipment provider’s stock, valued at approximately $1,459,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HLIT. Northwestern Mutual Wealth Management Co. bought a new stake in Harmonic during the second quarter worth approximately $49,000. Quantbot Technologies LP purchased a new stake in Harmonic during the 2nd quarter valued at $1,706,000. Ieq Capital LLC bought a new stake in Harmonic in the second quarter worth $174,000. Lisanti Capital Growth LLC bought a new stake in Harmonic in the second quarter worth $2,327,000. Finally, BlackRock Inc. bought a new stake in shares of Harmonic in the 2nd quarter worth about $294,012,000. 99.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HLIT. Needham & Company LLC restated a “buy” rating on shares of Harmonic in a research note on Thursday, August 13th. Wall Street Zen downgraded shares of Harmonic from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Rosenblatt Securities restated a “buy” rating and set a $20.00 price objective on shares of Harmonic in a research note on Thursday, August 13th. Raymond James Financial reaffirmed an “outperform” rating and set a $19.00 price objective on shares of Harmonic in a research report on Thursday, August 13th. Finally, Zacks Research lowered Harmonic from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $17.50.

Harmonic Price Performance

NASDAQ HLIT opened at $12.01 on Tuesday. The firm’s fifty day simple moving average is $13.12 and its two-hundred day simple moving average is $11.92. The firm has a market capitalization of $1.31 billion, a P/E ratio of -28.60 and a beta of 1.32. The company has a current ratio of 3.05, a quick ratio of 2.56 and a debt-to-equity ratio of 0.30. Harmonic Inc. has a 12-month low of $8.47 and a 12-month high of $17.68.

Harmonic (NASDAQ:HLIT) last announced its earnings results on Wednesday, August 12th. The communications equipment provider reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.07. Harmonic had a positive return on equity of 10.91% and a negative net margin of 8.50%.The firm had revenue of $133.46 million for the quarter, compared to the consensus estimate of $120.89 million. During the same period in the previous year, the business earned $0.09 EPS. The firm’s revenue for the quarter was up 53.5% on a year-over-year basis. Harmonic has set its Q3 2026 guidance at 0.150-0.190 EPS and its FY 2026 guidance at 0.670-0.750 EPS. Analysts forecast that Harmonic Inc. will post 0.5 EPS for the current fiscal year.

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.