111 Capital Has $195,000 Holdings in Harmonic Inc. $HLIT

111 Capital lifted its holdings in shares of Harmonic Inc. (NASDAQ:HLIT) by 73.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 20,575 shares of the communications equipment provider’s stock after acquiring an additional 8,713 shares during the period. 111 Capital’s holdings in Harmonic were worth $195,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Janney Montgomery Scott LLC acquired a new stake in shares of Harmonic during the 2nd quarter worth approximately $415,000. State of Alaska Department of Revenue lifted its stake in Harmonic by 3.8% in the second quarter. State of Alaska Department of Revenue now owns 67,306 shares of the communications equipment provider’s stock valued at $636,000 after buying an additional 2,448 shares in the last quarter. Significant Wealth Partners LLC bought a new position in Harmonic in the second quarter valued at approximately $112,000. Wealth Enhancement Advisory Services LLC lifted its stake in Harmonic by 51.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 49,030 shares of the communications equipment provider’s stock valued at $481,000 after buying an additional 16,672 shares in the last quarter. Finally, Pallas Capital Advisors LLC bought a new position in Harmonic in the second quarter valued at approximately $116,000. Institutional investors and hedge funds own 99.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Rosenblatt Securities boosted their price objective on shares of Harmonic from $11.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Barclays decreased their price objective on shares of Harmonic from $10.00 to $8.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 29th. Wolfe Research assumed coverage on shares of Harmonic in a report on Tuesday, July 8th. They issued an “underperform” rating on the stock. Wall Street Zen downgraded shares of Harmonic from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Harmonic in a research note on Saturday, September 27th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $12.17.

Harmonic Stock Performance

Harmonic stock opened at $10.40 on Wednesday. The business has a 50 day moving average of $9.60 and a 200-day moving average of $9.34. 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 $1.18 billion, a P/E ratio of 17.63 and a beta of 1.01.

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.

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.