44,438 Shares in Harmonic Inc. $HLIT Bought by Jupiter Topco LLC

Jupiter Topco LLC purchased a new stake in Harmonic Inc. (NASDAQ:HLIT) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 44,438 shares of the communications equipment provider’s stock, valued at approximately $725,000.

A number of other hedge funds have also added to or reduced their stakes in HLIT. Sei Investments Co. raised its holdings in Harmonic by 2.0% in the 1st quarter. Sei Investments Co. now owns 70,742 shares of the communications equipment provider’s stock worth $635,000 after purchasing an additional 1,383 shares in the last quarter. Aristides Capital LLC boosted its stake in shares of Harmonic by 7.2% during the 1st quarter. Aristides Capital LLC now owns 21,943 shares of the communications equipment provider’s stock valued at $197,000 after purchasing an additional 1,483 shares in the last quarter. Inspire Investing LLC increased its position in shares of Harmonic by 5.4% during the fourth quarter. Inspire Investing LLC now owns 47,233 shares of the communications equipment provider’s stock valued at $467,000 after buying an additional 2,428 shares during the period. Stephens Inc. AR increased its position in shares of Harmonic by 6.5% during the fourth quarter. Stephens Inc. AR now owns 41,893 shares of the communications equipment provider’s stock valued at $414,000 after buying an additional 2,548 shares during the period. Finally, Caxton Associates LLP raised its stake in Harmonic by 21.2% in the first quarter. Caxton Associates LLP now owns 15,937 shares of the communications equipment provider’s stock worth $143,000 after buying an additional 2,789 shares in the last quarter. 99.38% of the stock is owned by hedge funds and other institutional investors.

Harmonic Price Performance

Shares of HLIT opened at $11.78 on Monday. The stock has a market cap of $1.28 billion, a PE ratio of -28.05 and a beta of 1.32. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.56 and a current ratio of 3.05. Harmonic Inc. has a fifty-two week low of $8.47 and a fifty-two week high of $17.68. The firm’s 50-day simple moving average is $12.60 and its two-hundred day simple moving average is $12.04.

Harmonic (NASDAQ:HLIT) last released its earnings results on Wednesday, August 12th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.07. Harmonic had a negative net margin of 8.50% and a positive return on equity of 10.91%. The firm had revenue of $133.46 million during the quarter, compared to analyst estimates of $120.89 million. During the same period last year, the business earned $0.09 earnings per share. The business’s revenue 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. Analysts anticipate that Harmonic Inc. will post 0.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HLIT has been the subject of several research analyst reports. Barclays raised their price objective on shares of Harmonic from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. Wall Street Zen lowered Harmonic from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Raymond James Financial restated an “outperform” rating and issued a $19.00 target price on shares of Harmonic in a research note on Thursday, August 13th. Weiss Ratings upgraded Harmonic from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $15.00 price target on shares of Harmonic in a research note on Tuesday, May 12th. Three 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.com, the company has a consensus 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.