Harmonic (NASDAQ:HLIT) Director Stephanie Copeland Sells 4,300 Shares

Harmonic Inc. (NASDAQ:HLIT) Director Stephanie Copeland sold 4,300 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $13.30, for a total transaction of $57,190.00. Following the completion of the sale, the director directly owned 20,752 shares of the company’s stock, valued at $276,001.60. This represents a 17.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Harmonic Stock Down 0.5%

HLIT stock traded down $0.06 during trading hours on Monday, hitting $12.48. The company’s stock had a trading volume of 1,652,660 shares, compared to its average volume of 1,270,371. The company has a quick ratio of 2.03, a current ratio of 2.27 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $1.35 billion, a PE ratio of -33.73 and a beta of 1.24. Harmonic Inc. has a 12 month low of $7.80 and a 12 month high of $15.39. The stock has a 50 day moving average price of $10.26 and a two-hundred day moving average price of $10.14.

Harmonic (NASDAQ:HLIT) last posted its earnings results on Thursday, February 19th. The communications equipment provider reported $0.06 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.04). The business had revenue of ($53.02) million during 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 business’s revenue was down 42.6% on a year-over-year basis. During the same period in the prior 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. On average, equities research analysts expect that Harmonic Inc. will post 0.35 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on the stock. Barclays boosted their target price on shares of Harmonic from $11.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. Rosenblatt Securities upped their price objective on shares of Harmonic from $16.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Needham & Company LLC upped their price objective on shares of Harmonic from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Weiss Ratings downgraded shares of Harmonic from a “hold (c)” rating to a “sell (d)” rating in a report on Friday, March 6th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $15.00 price objective on shares of Harmonic in a report on Tuesday, May 12th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $16.60.

Hedge Funds Weigh In On Harmonic

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Harmonic by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 12,022,963 shares of the communications equipment provider’s stock valued at $118,907,000 after buying an additional 148,281 shares in the last quarter. State Street Corp raised its stake in shares of Harmonic by 1.8% in the 4th quarter. State Street Corp now owns 4,471,187 shares of the communications equipment provider’s stock valued at $44,220,000 after buying an additional 80,791 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Harmonic by 5.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,673,398 shares of the communications equipment provider’s stock valued at $32,987,000 after buying an additional 188,293 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Harmonic by 2.9% in the 3rd quarter. Alliancebernstein L.P. now owns 2,406,945 shares of the communications equipment provider’s stock valued at $24,503,000 after buying an additional 68,921 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Harmonic by 2.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,196,469 shares of the communications equipment provider’s stock worth $19,724,000 after purchasing an additional 54,157 shares in the last quarter. Institutional investors and hedge funds own 99.38% of the company’s stock.

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.