Harmonic (NASDAQ:HLIT) SVP Sells $420,581.84 in Stock

Harmonic Inc. (NASDAQ:HLIT) SVP Neven Haltmayer sold 31,766 shares of Harmonic stock in a transaction dated 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 of the company’s stock, valued at approximately $1,773,153.76. This represents a 19.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Harmonic Price Performance

Harmonic stock traded down $0.65 during midday trading on Friday, reaching $12.69. 815,373 shares of the company were exchanged, compared to its average volume of 1,251,755. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of -34.23 and a beta of 1.24. The firm’s 50-day simple moving average is $10.22 and its 200-day simple moving average is $10.12. Harmonic Inc. has a 1 year low of $7.80 and a 1 year high of $15.39. 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 (NASDAQ:HLIT) last posted its quarterly earnings data 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 company had revenue of ($53.02) million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.45 EPS. Harmonic has set its FY 2026 guidance at 0.460-0.630 EPS and its Q1 2026 guidance at 0.110-0.120 EPS. On average, analysts anticipate that Harmonic Inc. will post 0.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Rosenblatt Securities lifted their price objective on Harmonic from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday. Barclays lifted 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. Weiss Ratings lowered Harmonic from a “hold (c)” rating to a “sell (d)” rating in a research note on Friday, March 6th. Jefferies Financial Group reissued a “hold” rating and issued a $15.00 price target on shares of Harmonic in a research note on Tuesday. Finally, Needham & Company LLC raised their price target on Harmonic from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $16.60.

Institutional Trading of Harmonic

A number of hedge funds have recently added to or reduced their stakes in HLIT. Tudor Investment Corp ET AL raised its holdings in shares of Harmonic by 18.3% during the 3rd quarter. Tudor Investment Corp ET AL now owns 1,013,492 shares of the communications equipment provider’s stock valued at $10,317,000 after buying an additional 156,862 shares during the period. Clearline Capital LP raised its holdings in shares of Harmonic by 32.6% during the 3rd quarter. Clearline Capital LP now owns 795,076 shares of the communications equipment provider’s stock valued at $8,094,000 after buying an additional 195,298 shares during the period. Inspire Advisors LLC purchased a new stake in shares of Harmonic during the 3rd quarter valued at about $2,455,000. First Eagle Investment Management LLC raised its holdings in shares of Harmonic by 23.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 818,376 shares of the communications equipment provider’s stock valued at $8,331,000 after buying an additional 157,000 shares during the period. Finally, Hillsdale Investment Management Inc. raised its holdings in shares of Harmonic by 18.8% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 681,300 shares of the communications equipment provider’s stock valued at $6,936,000 after buying an additional 107,700 shares during the period. 99.38% of the stock is owned by institutional investors and hedge funds.

About Harmonic

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.