Inspire Investing LLC Trims Stock Position in Harmonic Inc. $HLIT

Inspire Investing LLC cut its stake in shares of Harmonic Inc. (NASDAQ:HLIT) by 51.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,877 shares of the communications equipment provider’s stock after selling 44,053 shares during the quarter. Inspire Investing LLC’s holdings in Harmonic were worth $387,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. 111 Capital increased its holdings in Harmonic by 73.5% during the second quarter. 111 Capital now owns 20,575 shares of the communications equipment provider’s stock valued at $195,000 after buying an additional 8,713 shares during the period. Janney Montgomery Scott LLC purchased a new position in Harmonic during the second quarter valued at approximately $415,000. State of Alaska Department of Revenue increased its holdings in Harmonic by 3.8% during 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 during the period. Significant Wealth Partners LLC purchased a new position in Harmonic during the second quarter valued at approximately $112,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Harmonic by 51.5% during 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 during the period. 99.38% of the stock is owned by hedge funds and other institutional investors.

Harmonic Price Performance

Shares of HLIT opened at $10.29 on Friday. Harmonic Inc. has a twelve month low of $7.80 and a twelve month high of $15.46. The company has a 50 day moving average of $9.80 and a two-hundred day moving average of $9.35. The company has a quick ratio of 1.58, a current ratio of 1.99 and a debt-to-equity ratio of 0.27. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 17.44 and a beta of 1.01.

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

Analyst Ratings Changes

HLIT has been the topic of several research reports. Wall Street Zen lowered shares of Harmonic from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Wolfe Research initiated coverage on shares of Harmonic in a report on Tuesday, July 8th. They set an “underperform” rating on the stock. Rosenblatt Securities lifted their price objective on shares of Harmonic from $11.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of Harmonic in a report on Wednesday, October 8th. Finally, Barclays cut 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. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $12.17.

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.