Lisanti Capital Growth LLC Invests $2.33 Million in Harmonic Inc. $HLIT

Lisanti Capital Growth LLC acquired a new stake in Harmonic Inc. (NASDAQ:HLIT) in the second quarter, Holdings Channel.com reports. The firm acquired 142,485 shares of the communications equipment provider’s stock, valued at approximately $2,327,000.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Harmonic in the 2nd quarter worth approximately $294,012,000. Arrowstreet Capital Limited Partnership grew its position in shares of Harmonic by 290.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 980,484 shares of the communications equipment provider’s stock valued at $9,981,000 after purchasing an additional 729,269 shares in the last quarter. Walleye Capital LLC purchased a new position in shares of Harmonic during the 4th quarter valued at $7,182,000. Bank of New York Mellon Corp bought a new position in shares of Harmonic in the second quarter worth $10,509,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Harmonic by 120.7% in the first quarter. Renaissance Technologies LLC now owns 1,052,927 shares of the communications equipment provider’s stock worth $9,455,000 after purchasing an additional 575,800 shares during the period. Hedge funds and other institutional investors own 99.38% of the company’s stock.

Harmonic Stock Performance

NASDAQ:HLIT opened at $12.56 on Thursday. The business has a 50 day moving average of $13.27 and a 200 day moving average of $11.87. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of -29.90 and a beta of 1.32. Harmonic Inc. has a 1-year low of $8.47 and a 1-year high of $17.68. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.05 and a quick ratio of 2.56.

Harmonic (NASDAQ:HLIT) last issued its earnings results on Wednesday, August 12th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.07. Harmonic had a positive return on equity of 10.91% and a negative net margin of 8.50%.The business had revenue of $133.46 million during the quarter, compared to analyst estimates of $120.89 million. During the same quarter in the prior year, the firm earned $0.09 earnings per share. Harmonic’s revenue for the quarter was up 53.5% on a year-over-year basis. Harmonic has set its Q3 2026 guidance at 0.150-0.190 EPS and its FY 2026 guidance at 0.670-0.750 EPS. On average, sell-side analysts predict that Harmonic Inc. will post 0.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HLIT. Weiss Ratings upgraded Harmonic from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 17th. Northland Securities set a $17.00 target price on Harmonic in a research note on Thursday, August 13th. Barclays raised their price target on Harmonic from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Jefferies Financial Group reiterated a “hold” rating and set a $15.00 price target on shares of Harmonic in a research report on Tuesday, May 12th. Finally, Wall Street Zen lowered Harmonic from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $17.50.

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.