Seizert Capital Partners LLC Invests $138,000 in Harmonic Inc. $HLIT

Seizert Capital Partners LLC bought a new stake in Harmonic Inc. (NASDAQ:HLIT) during the second quarter, according to its most recent filing with the SEC. The firm bought 14,543 shares of the communications equipment provider’s stock, valued at approximately $138,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HLIT. Arizona State Retirement System increased its stake in shares of Harmonic by 4.2% in the first quarter. Arizona State Retirement System now owns 33,392 shares of the communications equipment provider’s stock worth $320,000 after purchasing an additional 1,344 shares during the period. CWM LLC grew its holdings in Harmonic by 132.6% in the 1st quarter. CWM LLC now owns 7,119 shares of the communications equipment provider’s stock valued at $68,000 after buying an additional 4,058 shares during the last quarter. Allianz Asset Management GmbH bought a new position in Harmonic in the 1st quarter worth approximately $189,000. Y Intercept Hong Kong Ltd lifted its holdings in shares of Harmonic by 111.8% during the first quarter. Y Intercept Hong Kong Ltd now owns 107,491 shares of the communications equipment provider’s stock worth $1,031,000 after buying an additional 56,744 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Harmonic in the first quarter valued at approximately $233,000. Institutional investors and hedge funds own 99.38% of the company’s stock.

Wall Street Analyst Weigh In

HLIT has been the topic of a number of research reports. Needham & Company LLC boosted their target price on shares of Harmonic from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Rosenblatt Securities restated a “buy” rating and issued a $14.00 price target on shares of Harmonic in a research report on Tuesday, November 4th. Wall Street Zen lowered shares of Harmonic from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Harmonic in a research report on Wednesday, October 8th. Finally, Barclays boosted their price target on Harmonic from $8.00 to $11.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 5th. Three 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’s stock. Based on data from MarketBeat.com, Harmonic has an average rating of “Hold” and a consensus target price of $13.13.

Harmonic Price Performance

Shares of Harmonic stock opened at $9.20 on Thursday. The firm has a market cap of $1.03 billion, a P/E ratio of 15.59 and a beta of 1.04. The firm’s 50-day simple moving average is $10.18 and its 200-day simple moving average is $9.57. Harmonic Inc. has a twelve month low of $7.80 and a twelve month high of $13.75. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.58 and a current ratio of 1.99.

Harmonic (NASDAQ:HLIT) last announced its quarterly earnings results on Monday, November 3rd. The communications equipment provider reported $0.12 EPS for the quarter, topping analysts’ consensus estimates 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 quarter last year, the company earned $0.26 earnings per share. The company’s revenue for the quarter 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, research analysts expect that Harmonic Inc. will post 0.31 EPS for the current fiscal year.

Harmonic Company Profile

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.