Leeward Investments LLC MA increased its stake in shares of Harmonic Inc. (NASDAQ:HLIT – Free Report) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,743,158 shares of the communications equipment provider’s stock after purchasing an additional 90,325 shares during the quarter. Leeward Investments LLC MA owned 1.55% of Harmonic worth $17,240,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of HLIT. iSAM Funds UK Ltd acquired a new position in Harmonic during the 3rd quarter worth $49,000. KBC Group NV grew its stake in Harmonic by 130.7% during the 4th quarter. KBC Group NV now owns 7,476 shares of the communications equipment provider’s stock worth $74,000 after purchasing an additional 4,236 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Harmonic by 23,297.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 9,359 shares of the communications equipment provider’s stock worth $95,000 after purchasing an additional 9,319 shares in the last quarter. Franklin Resources Inc. acquired a new position in Harmonic during the 3rd quarter worth $115,000. Finally, Magnetar Financial LLC acquired a new position in shares of Harmonic during the 3rd quarter worth about $119,000. 99.38% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on HLIT. Needham & Company LLC upped their price objective on Harmonic from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday. Weiss Ratings cut Harmonic from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, March 6th. Barclays upped their price objective on Harmonic from $11.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Rosenblatt Securities upped their price objective on Harmonic from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Northland Securities set a $15.00 price objective on Harmonic in a research report on Tuesday. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.60.
Harmonic Trading Down 0.1%
NASDAQ:HLIT opened at $13.34 on Friday. The stock has a market cap of $1.45 billion, a P/E ratio of -36.05 and a beta of 1.24. 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 1 year low of $7.80 and a 1 year high of $15.39. The stock has a 50-day simple moving average of $10.22 and a 200-day simple moving average of $10.12.
Harmonic (NASDAQ:HLIT – Get Free Report) 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). The firm had revenue of ($53.02) million during the quarter, compared to analyst estimates of $140.98 million. Harmonic had a negative net margin of 7.50% and a positive return on equity of 7.84%. The firm’s revenue for the quarter was down 42.6% compared to the same quarter last year. During the same period last year, the company earned $0.45 earnings per share. Harmonic has set its FY 2026 guidance at 0.460-0.630 EPS and its Q1 2026 guidance at 0.110-0.120 EPS. As a group, analysts anticipate that Harmonic Inc. will post 0.35 earnings per share 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.
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