Harmonic (NASDAQ:HLIT) Sets New 1-Year High Following Analyst Upgrade

Harmonic Inc. (NASDAQ:HLIT)’s share price reached a new 52-week high on Friday after Needham & Company LLC raised their price target on the stock from $15.00 to $17.00. Needham & Company LLC currently has a buy rating on the stock. Harmonic traded as high as $12.18 and last traded at $11.2720, with a volume of 398759 shares trading hands. The stock had previously closed at $10.73.

Other research analysts also recently issued reports about the company. Rosenblatt Securities raised their price objective on Harmonic from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Friday. Barclays increased their price target on Harmonic from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 5th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Harmonic in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $14.67.

Insiders Place Their Bets

In related news, Director David Krall purchased 47,528 shares of Harmonic stock in a transaction dated Thursday, December 11th. The stock was purchased at an average cost of $10.50 per share, with a total value of $499,044.00. Following the transaction, the director owned 223,125 shares in the company, valued at approximately $2,342,812.50. The trade was a 27.07% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Neven Haltmayer sold 23,835 shares of the company’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 sale, the senior vice president owned 149,570 shares of the company’s stock, valued at $1,557,023.70. This trade represents a 13.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.21% of the company’s stock.

Key Stories Impacting Harmonic

Here are the key news stories impacting Harmonic this week:

• Positive Sentiment: Two firms raised price targets and reiterated buy ratings — Rosenblatt lifted its target to $16 and Needham to $17, signaling strong analyst conviction and a sizable implied upside versus the current price. Benzinga: Analyst Upgrades
• Positive Sentiment: Customer win: izzi (Mexico’s largest MSO) selected Harmonic’s cOS virtualized broadband platform for fiber expansion — a commercial validation that should support future broadband bookings and revenue growth. izzi Accelerates Strategic Fiber Broadband Expansion with Harmonic
• Positive Sentiment: Company reported record quarterly Broadband bookings and said the previously announced sale of its Video business is proceeding as planned — positive for strategic focus and potential balance-sheet proceeds. Harmonic Announces Fourth-Quarter and Fiscal 2025 Results
• Neutral Sentiment: Full Q4 earnings call transcript is available for details on management commentary and investor Q&A (useful for digging into drivers behind bookings, margin outlook, and the Video sale). Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Market/Sentiment note: an RS rating upgrade was reported (minor sentiment boost). MSN: RS Rating Upgrade
• Negative Sentiment: Revenue shortfall and guidance mismatch: Q4 revenue fell ~42.6% year-over-year to ~ $98.2M (well below Street estimates) and company Q1 and FY2026 revenue guidance ($100–105M Q1; $440–480M FY) is materially below consensus — a key reason for downward pressure despite some EPS beats and strong bookings in Broadband. Zacks: Q4 Earnings and Revenues Lag Estimates
• Negative Sentiment: Mixed headline EPS reads: some outlets show a modest beat (EPS ~$0.14 vs est $0.10) while others reported misses — the key takeaway is revenue weakness, not EPS, is the dominant market focus today. MarketBeat: Q4 Results and Conference Call
• Neutral Sentiment: Short-interest entry in the feed shows anomalous zero/NaN values and is not a reliable signal in this dataset. (No actionable short-squeeze indication from provided data.)

Institutional Investors Weigh In On Harmonic

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Exchange Traded Concepts LLC purchased a new stake in Harmonic during the third quarter worth $1,236,000. Ellsworth Advisors LLC acquired a new position in shares of Harmonic in the third quarter worth about $5,104,000. Y Intercept Hong Kong Ltd boosted its stake in shares of Harmonic by 200.3% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 322,826 shares of the communications equipment provider’s stock worth $3,057,000 after acquiring an additional 215,335 shares in the last quarter. Silverberg Bernstein Capital Management LLC grew its position in shares of Harmonic by 11.2% during the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 1,247,093 shares of the communications equipment provider’s stock valued at $12,695,000 after acquiring an additional 125,795 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Harmonic in the 2nd quarter valued at about $412,000. Hedge funds and other institutional investors own 99.38% of the company’s stock.

Harmonic Stock Up 3.0%

The company has a market cap of $1.24 billion, a price-to-earnings ratio of 26.09 and a beta of 1.05. The business has a fifty day moving average of $10.11 and a two-hundred day moving average of $9.93. The company has a current ratio of 2.08, a quick ratio of 1.64 and a debt-to-equity ratio of 0.27.

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.