First Eagle Investment Management LLC Raises Stock Position in Harmonic Inc. $HLIT

First Eagle Investment Management LLC boosted its stake in shares of Harmonic Inc. (NASDAQ:HLIT) by 152.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 661,376 shares of the communications equipment provider’s stock after acquiring an additional 399,800 shares during the period. First Eagle Investment Management LLC owned about 0.58% of Harmonic worth $6,263,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. CWM LLC increased its stake in shares of Harmonic by 132.6% during the first quarter. CWM LLC now owns 7,119 shares of the communications equipment provider’s stock worth $68,000 after purchasing an additional 4,058 shares in the last quarter. Drive Wealth Management LLC acquired a new stake in Harmonic in the 1st quarter worth about $111,000. Cresset Asset Management LLC boosted its holdings in Harmonic by 16.5% in the 1st quarter. Cresset Asset Management LLC now owns 11,721 shares of the communications equipment provider’s stock worth $112,000 after buying an additional 1,660 shares during the last quarter. Significant Wealth Partners LLC purchased a new stake in Harmonic during the 2nd quarter worth approximately $112,000. Finally, Virtu Financial LLC acquired a new position in shares of Harmonic during the first quarter valued at approximately $114,000. 99.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HLIT. Barclays lifted their price target on Harmonic from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Rosenblatt Securities reaffirmed a “buy” rating and set a $14.00 target price on shares of Harmonic in a research note on Tuesday, November 4th. Needham & Company LLC increased their target price on shares of Harmonic from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday. Wall Street Zen downgraded shares of Harmonic from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Harmonic in a research report on Wednesday, October 8th. Three 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 MarketBeat, Harmonic has a consensus rating of “Hold” and a consensus target price of $13.13.

Harmonic Stock Down 1.7%

NASDAQ HLIT opened at $10.01 on Friday. The business’s fifty day simple moving average is $10.21 and its 200-day simple moving average is $9.54. The company has a quick ratio of 1.58, a current ratio of 1.99 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.12 billion, a PE ratio of 16.97 and a beta of 1.04. Harmonic Inc. has a 52 week low of $7.80 and a 52 week high of $13.75.

Harmonic (NASDAQ:HLIT) last released its quarterly earnings data on Monday, November 3rd. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.07. Harmonic had a net margin of 9.96% and a return on equity of 17.83%. The firm had revenue of $142.38 million during the quarter, compared to analysts’ expectations of $127.94 million. During the same period last year, the business earned $0.26 earnings per share. Harmonic’s revenue was down 27.3% compared to the same quarter last year. Harmonic has set its Q4 2025 guidance at 0.060-0.120 EPS. As a group, equities analysts anticipate that Harmonic Inc. will post 0.31 earnings per share for the current year.

About Harmonic

Harmonic Inc, together with its subsidiaries, provides broadband solutions worldwide. The company operates through Broadband and Video segments. The Broadband segment sells broadband access solutions and related services, including cOS software-based broadband access solutions to broadband operators; and cOS central cloud services, a subscription service for cOS customers.