Key Points
- Director David Krall bought 47,528 shares at $10.50 each on Dec. 11 for $499,044, boosting his stake by 27.07% to 223,125 shares (≈$2.34M), according to an SEC filing.
- Harmonic reported quarterly EPS of $0.12 (vs. $0.05 estimate) and revenue of $142.38M (vs. $127.94M estimate), though revenue declined 27.3% year-over-year and Q4 2025 EPS guidance was set at $0.060–$0.120.
- Analyst coverage is mixed—three Buys, three Holds and one Sell—yielding a MarketBeat consensus rating of "Hold" and an average target price of $13.13.
Harmonic Inc. (NASDAQ:HLIT - Get Free Report) SVP Neven Haltmayer sold 6,165 shares of the business's stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $10.61, for a total transaction of $65,410.65. Following the sale, the senior vice president directly owned 173,405 shares of the company's stock, valued at approximately $1,839,827.05. The trade was a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Neven Haltmayer also recently made the following trade(s):
- On Monday, December 15th, Neven Haltmayer sold 23,835 shares of Harmonic stock. The shares were sold at an average price of $10.41, for a total transaction of $248,122.35.
Harmonic Stock Performance
Shares of HLIT opened at $10.46 on Tuesday. The firm has a market capitalization of $1.17 billion, a P/E ratio of 24.91 and a beta of 1.07. Harmonic Inc. has a 52 week low of $7.80 and a 52 week high of $13.75. The stock has a 50 day moving average price of $10.02 and a two-hundred day moving average price of $9.64. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.64 and a current ratio of 2.08.
Harmonic (NASDAQ:HLIT - Get Free Report) last announced its quarterly earnings results 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 return on equity of 13.70% and a net margin of 7.81%.The business had revenue of $142.38 million during the quarter, compared to the consensus estimate of $127.94 million. During the same quarter in the prior year, the company posted $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. Equities analysts forecast that Harmonic Inc. will post 0.31 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the stock. Needham & Company LLC restated a "buy" rating and set a $15.00 price target on shares of Harmonic in a report on Tuesday, December 9th. Weiss Ratings reissued a "hold (c-)" rating on shares of Harmonic in a research report on Wednesday, October 8th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $14.00 target price on shares of Harmonic in a report on Tuesday, December 9th. Finally, Barclays lifted their price target on Harmonic from $8.00 to $11.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 5th. Three equities research analysts have rated the stock with a Buy rating, three have given 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 price target of $13.13.
Read Our Latest Analysis on Harmonic
Institutional Trading of Harmonic
Several hedge funds have recently made changes to their positions in HLIT. Amalgamated Bank lifted its position in shares of Harmonic by 3.5% during the 3rd quarter. Amalgamated Bank now owns 33,186 shares of the communications equipment provider's stock valued at $338,000 after buying an additional 1,116 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Harmonic by 7.4% during the third quarter. PNC Financial Services Group Inc. now owns 16,926 shares of the communications equipment provider's stock valued at $172,000 after purchasing an additional 1,162 shares during the last quarter. CWM LLC boosted its position in Harmonic by 5.1% during the third quarter. CWM LLC now owns 28,262 shares of the communications equipment provider's stock worth $288,000 after purchasing an additional 1,376 shares during the period. Cresset Asset Management LLC increased its stake in shares of Harmonic by 16.5% in the first quarter. Cresset Asset Management LLC now owns 11,721 shares of the communications equipment provider's stock worth $112,000 after purchasing an additional 1,660 shares in the last quarter. Finally, Significant Wealth Partners LLC raised its position in shares of Harmonic by 15.3% in the third quarter. Significant Wealth Partners LLC now owns 13,687 shares of the communications equipment provider's stock valued at $139,000 after purchasing an additional 1,816 shares during the period. 99.38% of the stock is currently owned by institutional investors.
Harmonic Company Profile
(
Get Free Report)
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.
Further Reading
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