Stock Traders Buy Large Volume of Harmonic Call Options (NASDAQ:HLIT)

Harmonic Inc. (NASDAQ:HLIT) was the target of unusually large options trading on Thursday. Traders purchased 3,305 call options on the company. This is an increase of 50% compared to the typical volume of 2,206 call options.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HLIT. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Harmonic during the 2nd quarter worth approximately $49,000. iSAM Funds UK Ltd acquired a new stake in shares of Harmonic in the 3rd quarter valued at approximately $49,000. Global Retirement Partners LLC grew its stake in shares of Harmonic by 23,193.5% in 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 in the last quarter. KBC Group NV grew its stake in shares of Harmonic by 130.7% in 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 in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Harmonic during the first quarter worth $75,000. 99.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on HLIT shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $20.00 price target on shares of Harmonic in a research note on Thursday. Barclays increased their price objective on shares of Harmonic from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Thursday. Northland Securities set a $15.00 price objective on shares of Harmonic in a report on Tuesday, May 12th. Needham & Company LLC reaffirmed a “buy” rating on shares of Harmonic in a research report on Thursday. Finally, Zacks Research lowered shares of Harmonic from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $16.80.

Trending Headlines about Harmonic

Here are the key news stories impacting Harmonic this week:

• Positive Sentiment: Q2 results exceeded expectations: Harmonic reported adjusted earnings of $0.24 per share, above the $0.17 consensus estimate and up from $0.09 a year earlier. Revenue rose 53.5% year over year to $133.46 million, surpassing the $120.89 million consensus. Harmonic Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Guidance was raised above analyst expectations: Harmonic forecast third-quarter earnings of $0.15-$0.19 per share and revenue of $125 million-$135 million, exceeding consensus estimates of $0.10 and $120.3 million. Full-year 2026 guidance of $0.67-$0.75 in earnings and $505 million-$525 million in revenue also topped consensus estimates of $0.40 and $486.8 million, respectively. Harmonic Earnings Report
• Positive Sentiment: Analyst support strengthened: Rosenblatt Securities reaffirmed its “buy” rating and assigned a $20 price target, implying substantial upside from the stock’s referenced $12 level. Benzinga analyst update
• Neutral Sentiment: Management commentary is being reviewed: The Q2 earnings call transcript provides additional details on operating trends, the outlook and the company’s business sale. Harmonic Q2 2026 Earnings Call Transcript
• Negative Sentiment: Quarterly filing was delayed: Harmonic submitted a Form 12b-25 notification for a late quarterly filing following a business sale. Although the delay may be administrative, it introduces near-term uncertainty until the filing is completed. Harmonic Delays Quarterly Filing

Harmonic Stock Up 10.1%

Shares of Harmonic stock traded up $1.22 during trading hours on Thursday, reaching $13.21. 3,114,084 shares of the company’s stock were exchanged, compared to its average volume of 1,911,183. The company has a 50 day moving average of $13.34 and a two-hundred day moving average of $11.76. Harmonic has a fifty-two week low of $8.47 and a fifty-two week high of $17.68. The company has a current ratio of 2.27, a quick ratio of 2.03 and a debt-to-equity ratio of 0.31. The stock has a market cap of $1.43 billion, a P/E ratio of -35.97 and a beta of 1.32.

Harmonic Company 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.