Neven Haltmayer Sells 23,835 Shares of Harmonic (NASDAQ:HLIT) Stock

Harmonic Inc. (NASDAQ:HLIT) SVP Neven Haltmayer sold 23,835 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $10.41, for a total value of $248,122.35. Following the transaction, the senior vice president owned 149,570 shares in the company, valued at approximately $1,557,023.70. This represents a 13.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Neven Haltmayer also recently made the following trade(s):

• On Friday, December 12th, Neven Haltmayer sold 6,165 shares of Harmonic stock. The stock was sold at an average price of $10.61, for a total value of $65,410.65.

Harmonic Stock Up 1.8%

Shares of Harmonic stock traded up $0.18 on Monday, reaching $10.46. The stock had a trading volume of 1,369,142 shares, compared to its average volume of 1,095,275. The stock has a market capitalization of $1.17 billion, a P/E ratio of 24.91 and a beta of 1.07. Harmonic Inc. has a 1 year low of $7.80 and a 1 year high of $13.75. The company has a quick ratio of 1.64, a current ratio of 2.08 and a debt-to-equity ratio of 0.27. The company has a 50 day moving average price of $10.02 and a 200 day moving average price of $9.64.

Harmonic (NASDAQ:HLIT) last posted its quarterly earnings data on Monday, November 3rd. The communications equipment provider reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.07. Harmonic had a return on equity of 13.70% and a net margin of 7.81%.The firm had revenue of $142.38 million during the quarter, compared to analysts’ expectations of $127.94 million. During the same quarter last year, the firm earned $0.26 EPS. The business’s quarterly revenue was down 27.3% on a year-over-year basis. Harmonic has set its Q4 2025 guidance at 0.060-0.120 EPS. As a group, equities research analysts forecast that Harmonic Inc. will post 0.31 EPS for the current year.

Institutional Investors Weigh In On Harmonic

A number of hedge funds have recently added to or reduced their stakes in HLIT. Alyeska Investment Group L.P. increased its stake in shares of Harmonic by 310.1% during the first quarter. Alyeska Investment Group L.P. now owns 3,077,776 shares of the communications equipment provider’s stock worth $29,516,000 after acquiring an additional 2,327,272 shares during the period. Marshall Wace LLP raised its holdings in Harmonic by 112.8% during the second quarter. Marshall Wace LLP now owns 1,925,149 shares of the communications equipment provider’s stock worth $18,231,000 after purchasing an additional 1,020,431 shares during the last quarter. Nuveen LLC acquired a new position in shares of Harmonic during the 1st quarter worth approximately $8,621,000. Arrowstreet Capital Limited Partnership raised its stake in Harmonic by 290.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 980,484 shares of the communications equipment provider’s stock valued at $9,981,000 after purchasing an additional 729,269 shares during the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new position in Harmonic in the 2nd quarter valued at about $5,432,000. 99.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on HLIT shares. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price objective on shares of Harmonic in a report on Tuesday, December 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of Harmonic in a report on Wednesday, October 8th. Barclays raised their price objective on shares of Harmonic from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 5th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $14.00 target price on shares of Harmonic in a research note on Tuesday, December 9th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $13.13.

About Harmonic

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.