95,076 Harmonic Inc. $HLIT Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA decreased its holdings in shares of Harmonic Inc. (NASDAQ:HLIT) by 5.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,569,991 shares of the communications equipment provider’s stock after selling 95,076 shares during the quarter. Leeward Investments LLC MA’s holdings in Harmonic were worth $16,579,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HLIT. BlackRock Inc. bought a new position in Harmonic in the second quarter worth about $294,012,000. Dimensional Fund Advisors LP boosted its stake in Harmonic by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 3,673,398 shares of the communications equipment provider’s stock valued at $32,987,000 after acquiring an additional 188,293 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Harmonic by 2.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,196,469 shares of the communications equipment provider’s stock valued at $19,724,000 after acquiring an additional 54,157 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Harmonic during the second quarter valued at approximately $10,509,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Harmonic by 120.7% during the first quarter. Renaissance Technologies LLC now owns 1,052,927 shares of the communications equipment provider’s stock valued at $9,455,000 after purchasing an additional 575,800 shares during the last quarter. Institutional investors and hedge funds own 99.38% of the company’s stock.

Harmonic Price Performance

HLIT stock opened at $10.05 on Monday. The company has a quick ratio of 2.56, a current ratio of 3.05 and a debt-to-equity ratio of 0.30. Harmonic Inc. has a fifty-two week low of $8.47 and a fifty-two week high of $17.68. The firm’s 50-day simple moving average is $11.37 and its 200 day simple moving average is $12.35. The stock has a market cap of $1.10 billion, a PE ratio of -23.93 and a beta of 1.34.

Harmonic (NASDAQ:HLIT) last issued its quarterly earnings data on Wednesday, August 12th. The communications equipment provider reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.07. The firm had revenue of $133.46 million for the quarter, compared to the consensus estimate of $120.89 million. Harmonic had a negative net margin of 8.50% and a positive return on equity of 10.91%. Harmonic’s quarterly revenue was up 53.5% compared to the same quarter last year. During the same period last year, the firm posted $0.09 EPS. Harmonic has set its Q3 2026 guidance at 0.150-0.190 EPS and its FY 2026 guidance at 0.670-0.750 EPS. As a group, sell-side analysts predict that Harmonic Inc. will post 0.53 EPS for the current year.

Wall Street Analysts Forecast Growth

HLIT has been the topic of a number of research reports. Weiss Ratings upgraded Harmonic from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Raymond James Financial reissued an “outperform” rating and issued a $19.00 price target on shares of Harmonic in a report on Thursday, August 13th. Northland Securities set a $17.00 price objective on Harmonic in a research report on Thursday, August 13th. Needham & Company LLC restated a “buy” rating on shares of Harmonic in a research report on Thursday, August 13th. Finally, Rosenblatt Securities restated a “buy” rating and set a $20.00 price objective on shares of Harmonic in a research note on Thursday, October 1st. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $17.50.

About Harmonic

Harmonic Inc (NASDAQ: HLIT) develops broadband access and video-delivery technologies for communications service providers, content providers and broadcasters. Its solutions help operators deliver high-speed internet, television and streaming services across cable, fiber and other network infrastructures.

The company’s broadband portfolio includes its CableOS platform, a software-based solution designed to support virtualized broadband access networks, along with technologies for DOCSIS, fiber and hybrid fiber-coaxial networks.