Key Points
- Harmonic SVP Neven Haltmayer sold 31,766 shares on May 13 at an average price of $13.24, for total proceeds of about $420,582. After the sale, he still held 133,924 shares, reducing his ownership by 19.17%.
- The stock was down 6.0% and opened Friday at $12.54. Harmonic has a market cap of $1.36 billion and has traded between $7.80 and $15.39 over the past year.
- Analysts remain mixed on HLIT, with a consensus rating of “Hold” and an average price target of $16.60. Recent updates included target increases from Rosenblatt and Northland, while Weiss Ratings downgraded the stock to “sell.”
Harmonic Inc. (NASDAQ:HLIT - Get Free Report) SVP Neven Haltmayer sold 31,766 shares of Harmonic stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $13.24, for a total value of $420,581.84. Following the sale, the senior vice president owned 133,924 shares in the company, valued at $1,773,153.76. The trade was a 19.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Harmonic Trading Down 6.0%
NASDAQ HLIT opened at $12.54 on Friday. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of -33.89 and a beta of 1.24. Harmonic Inc. has a one year low of $7.80 and a one year high of $15.39. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.27 and a quick ratio of 2.26. The business's fifty day moving average is $10.26 and its 200-day moving average is $10.14.
Harmonic (NASDAQ:HLIT - Get Free Report) last released its earnings results on Thursday, February 19th. The communications equipment provider reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.04). The business had revenue of ($53.02) million for the quarter, compared to the consensus estimate of $140.98 million. Harmonic had a positive return on equity of 7.84% and a negative net margin of 7.50%.The company's revenue for the quarter was down 42.6% on a year-over-year basis. During the same quarter in the previous year, the firm 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. Equities research analysts predict that Harmonic Inc. will post 0.35 EPS for the current year.
Institutional Investors Weigh In On Harmonic
Hedge funds and other institutional investors have recently modified their holdings of the stock. iSAM Funds UK Ltd bought a new stake in shares of Harmonic during the third quarter valued at about $49,000. Global Retirement Partners LLC increased its position in shares of Harmonic by 23,193.5% during the fourth quarter. Global Retirement Partners LLC now owns 7,221 shares of the communications equipment provider's stock valued at $71,000 after buying an additional 7,190 shares during the period. KBC Group NV increased its position in shares of Harmonic by 130.7% during the fourth quarter. KBC Group NV now owns 7,476 shares of the communications equipment provider's stock valued at $74,000 after buying an additional 4,236 shares during the period. Royal Bank of Canada increased its position in shares of Harmonic by 64.6% during the fourth quarter. Royal Bank of Canada now owns 7,645 shares of the communications equipment provider's stock valued at $75,000 after buying an additional 3,000 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Harmonic during the first quarter valued at about $75,000. 99.38% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the company. Northland Securities set a $15.00 target price on Harmonic in a research note on Tuesday. Rosenblatt Securities lifted their target price on Harmonic from $16.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday. Wall Street Zen upgraded Harmonic from a "hold" rating to a "strong-buy" rating in a research note on Saturday. Jefferies Financial Group restated a "hold" rating and issued a $15.00 price objective on shares of Harmonic in a research note on Tuesday. Finally, Weiss Ratings cut Harmonic from a "hold (c)" rating to a "sell (d)" rating in a research note on Friday, March 6th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Harmonic presently has a consensus rating of "Hold" and an average target price of $16.60.
View Our Latest Research Report on HLIT
Harmonic Company Profile
(
Get Free Report)
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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