Harmonic Inc. (NASDAQ:HLIT) Receives Consensus Recommendation of “Hold” from Analysts

Harmonic Inc. (NASDAQ:HLIT) has earned an average rating of “Hold” from the five research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $14.50.

Several research firms have recently commented on HLIT. Northland Securities set a $14.00 target price on shares of Harmonic in a research note on Friday, February 20th. Rosenblatt Securities boosted their price target on shares of Harmonic from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Needham & Company LLC increased their price target on shares of Harmonic from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Finally, Weiss Ratings downgraded shares of Harmonic from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday.

Harmonic Trading Down 0.3%

NASDAQ:HLIT opened at $9.48 on Wednesday. The firm has a market cap of $1.05 billion, a P/E ratio of -24.31 and a beta of 1.04. The company has a current ratio of 2.50, a quick ratio of 2.26 and a debt-to-equity ratio of 0.28. The stock’s 50 day simple moving average is $10.14 and its 200-day simple moving average is $10.06. Harmonic has a 12-month low of $7.80 and a 12-month high of $12.18.

Harmonic (NASDAQ:HLIT) last issued its quarterly earnings results on Thursday, February 19th. The communications equipment provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.04). Harmonic had a positive return on equity of 5.91% and a negative net margin of 7.59%.The company had revenue of ($53.02) million for the quarter, compared to analyst estimates of $140.98 million. During the same period in the prior year, the business earned $0.45 earnings per share. Harmonic’s revenue for the quarter was down 42.6% compared to the same quarter last year. Harmonic has set its FY 2026 guidance at 0.460-0.630 EPS and its Q1 2026 guidance at 0.110-0.120 EPS. Equities analysts anticipate that Harmonic will post 0.31 EPS for the current year.

Insider Activity at Harmonic

In other Harmonic news, SVP Neven Haltmayer sold 23,835 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $10.41, for a total value of $248,122.35. Following the completion of the sale, the senior vice president owned 149,570 shares of the company’s stock, valued at approximately $1,557,023.70. This trade represents a 13.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Krall bought 47,528 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were bought at an average price of $10.50 per share, for a total transaction of $499,044.00. Following the completion of the transaction, the director directly owned 223,125 shares in the company, valued at approximately $2,342,812.50. This represents a 27.07% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On Harmonic

A number of large investors have recently made changes to their positions in HLIT. iSAM Funds UK Ltd acquired a new stake in shares of Harmonic in the third quarter valued at about $49,000. McIlrath & Eck LLC acquired a new position in Harmonic during the third quarter worth about $57,000. Global Retirement Partners LLC increased its holdings in 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 increased its holdings in 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, Royal Bank of Canada boosted its stake in shares of Harmonic by 64.6% during the 4th quarter. Royal Bank of Canada now owns 7,645 shares of the communications equipment provider’s stock worth $75,000 after acquiring an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors 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.