Algert Global LLC Has $2.44 Million Stock Holdings in Harmonic Inc. $HLIT

Algert Global LLC decreased its holdings in shares of Harmonic Inc. (NASDAQ:HLIT) by 41.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 254,480 shares of the communications equipment provider’s stock after selling 181,372 shares during the quarter. Algert Global LLC owned approximately 0.23% of Harmonic worth $2,440,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP bought a new position in Harmonic during the 4th quarter worth $33,000. CWM LLC increased its position in Harmonic by 132.6% during the 1st quarter. CWM LLC now owns 7,119 shares of the communications equipment provider’s stock worth $68,000 after buying an additional 4,058 shares during the period. Russell Investments Group Ltd. increased its position in Harmonic by 5,388.1% during the 4th quarter. Russell Investments Group Ltd. now owns 5,543 shares of the communications equipment provider’s stock worth $73,000 after buying an additional 5,442 shares during the period. Drive Wealth Management LLC bought a new position in Harmonic during the 1st quarter worth $111,000. Finally, Cresset Asset Management LLC increased its position in Harmonic by 16.5% during the 1st quarter. Cresset Asset Management LLC now owns 11,721 shares of the communications equipment provider’s stock worth $112,000 after buying an additional 1,660 shares during the period. Institutional investors own 99.38% of the company’s stock.

Harmonic Stock Performance

Harmonic stock opened at $8.76 on Thursday. The business has a 50 day moving average of $9.11 and a 200-day moving average of $9.45. Harmonic Inc. has a 1 year low of $7.80 and a 1 year high of $15.46. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.99 and a quick ratio of 1.58. The company has a market capitalization of $996.54 million, a P/E ratio of 14.85 and a beta of 1.00.

Harmonic (NASDAQ:HLIT) last released its quarterly earnings data on Monday, July 28th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.06. Harmonic had a return on equity of 17.83% and a net margin of 9.96%.The company had revenue of $138.03 million during the quarter, compared to the consensus estimate of $134.90 million. During the same quarter in the prior year, the firm posted $0.08 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. Harmonic has set its Q3 2025 guidance at 0.020-0.070 EPS. On average, equities research analysts predict that Harmonic Inc. will post 0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HLIT. Wall Street Zen cut Harmonic from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Rosenblatt Securities restated a “buy” rating and issued a $11.00 price target on shares of Harmonic in a research report on Tuesday, July 29th. Barclays reduced their price objective on Harmonic from $10.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 29th. Wolfe Research initiated coverage on Harmonic in a research note on Tuesday, July 8th. They issued an “underperform” rating on the stock. Finally, Needham & Company LLC reduced their price objective on Harmonic from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, July 29th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Harmonic has an average rating of “Hold” and a consensus price target of $11.67.

Harmonic Profile

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.