Harmonic (NASDAQ:HLIT) SVP Sells $65,410.65 in Stock

Harmonic Inc. (NASDAQ:HLIT) SVP Neven Haltmayer sold 6,165 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $10.61, for a total transaction of $65,410.65. Following the transaction, the senior vice president owned 173,405 shares of the company’s stock, valued at $1,839,827.05. This trade represents a 3.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Neven Haltmayer also recently made the following trade(s):

• On Monday, December 15th, Neven Haltmayer sold 23,835 shares of Harmonic stock. The stock was sold at an average price of $10.41, for a total transaction of $248,122.35.

Harmonic Stock Performance

Shares of HLIT stock opened at $10.33 on Thursday. The company has a market cap of $1.16 billion, a P/E ratio of 24.59 and a beta of 1.06. The firm has a fifty day moving average price of $10.02 and a 200 day moving average price of $9.65. The company has a current ratio of 2.08, a quick ratio of 1.64 and a debt-to-equity ratio of 0.27. Harmonic Inc. has a 12 month low of $7.80 and a 12 month high of $13.75.

Harmonic (NASDAQ:HLIT) last posted its quarterly earnings results on Monday, November 3rd. The communications equipment provider reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.07. The company had revenue of $142.38 million for the quarter, compared to analysts’ expectations of $127.94 million. Harmonic had a return on equity of 13.70% and a net margin of 7.81%.Harmonic’s quarterly revenue was down 27.3% on a year-over-year basis. During the same period last year, the firm earned $0.26 earnings per share. Harmonic has set its Q4 2025 guidance at 0.060-0.120 EPS. Sell-side analysts predict that Harmonic Inc. will post 0.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Harmonic

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Harmonic by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 11,474,771 shares of the communications equipment provider’s stock worth $110,043,000 after buying an additional 411,443 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Harmonic by 1.2% during the third quarter. Dimensional Fund Advisors LP now owns 3,461,043 shares of the communications equipment provider’s stock worth $35,232,000 after purchasing an additional 42,280 shares in the last quarter. Alyeska Investment Group L.P. raised its holdings in Harmonic by 310.1% during the first quarter. Alyeska Investment Group L.P. now owns 3,077,776 shares of the communications equipment provider’s stock worth $29,516,000 after purchasing an additional 2,327,272 shares in the last quarter. Geode Capital Management LLC lifted its position in Harmonic by 0.8% in the second quarter. Geode Capital Management LLC now owns 2,779,080 shares of the communications equipment provider’s stock valued at $26,321,000 after purchasing an additional 20,774 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in Harmonic by 21.9% in the 1st quarter. Alliancebernstein L.P. now owns 2,615,121 shares of the communications equipment provider’s stock valued at $25,079,000 after purchasing an additional 469,764 shares in the last quarter. 99.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Harmonic in a research note on Wednesday, October 8th. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price target on shares of Harmonic in a research note on Tuesday, December 9th. Rosenblatt Securities reaffirmed a “buy” rating and set a $14.00 price objective on shares of Harmonic in a report on Tuesday, December 9th. Finally, Barclays upped their target price on Harmonic from $8.00 to $11.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 5th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $13.13.

About Harmonic

Harmonic Inc, together with its subsidiaries, provides broadband solutions worldwide. The company operates through Broadband and Video segments. The Broadband segment sells broadband access solutions and related services, including cOS software-based broadband access solutions to broadband operators; and cOS central cloud services, a subscription service for cOS customers.