Harmonic (NASDAQ:HLIT) SVP Neven Haltmayer Sells 31,766 Shares

Harmonic Inc. (NASDAQ:HLIT) SVP Neven Haltmayer sold 31,766 shares of Harmonic stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $13.24, for a total transaction of $420,581.84. Following the completion of the sale, the senior vice president directly owned 133,924 shares of the company’s stock, valued at approximately $1,773,153.76. The trade was a 19.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Harmonic Stock Performance

NASDAQ HLIT opened at $12.54 on Friday. The company has a fifty day simple moving average of $10.26 and a 200 day simple moving average of $10.14. Harmonic Inc. has a 12-month low of $7.80 and a 12-month high of $15.39. The company has a current ratio of 2.27, a quick ratio of 2.26 and a debt-to-equity ratio of 0.31. The company has a market cap of $1.36 billion, a P/E ratio of -33.89 and a beta of 1.24.

Harmonic (NASDAQ:HLIT) last posted its quarterly earnings results on Thursday, February 19th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.04). Harmonic had a negative net margin of 7.50% and a positive return on equity of 7.84%. The business had revenue of ($53.02) million during the quarter, compared to analyst estimates of $140.98 million. During the same period in the previous year, the business posted $0.45 EPS. The business’s revenue for the quarter was down 42.6% compared to the same quarter last year. Harmonic has set its FY 2026 guidance at 0.460-0.630 EPS and its Q1 2026 guidance at 0.110-0.120 EPS. Sell-side analysts predict that Harmonic Inc. will post 0.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Wall Street Zen raised shares of Harmonic from a “hold” rating to a “strong-buy” rating in a research report on Saturday. Jefferies Financial Group reissued a “hold” rating and issued a $15.00 price target on shares of Harmonic in a research report on Tuesday. Rosenblatt Securities lifted their price target on shares of Harmonic from $16.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday. Barclays raised their price objective on Harmonic from $11.00 to $15.00 and gave the company an “equal weight” rating in a research note on Tuesday. Finally, Needham & Company LLC lifted their price objective on shares of Harmonic from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $16.60.

Hedge Funds Weigh In On Harmonic

Hedge funds have recently bought and sold shares of the company. Tudor Investment Corp ET AL boosted its holdings in Harmonic by 18.3% during the 3rd quarter. Tudor Investment Corp ET AL now owns 1,013,492 shares of the communications equipment provider’s stock worth $10,317,000 after acquiring an additional 156,862 shares during the last quarter. Clearline Capital LP boosted its holdings in Harmonic by 32.6% during the 3rd quarter. Clearline Capital LP now owns 795,076 shares of the communications equipment provider’s stock worth $8,094,000 after acquiring an additional 195,298 shares during the last quarter. Inspire Advisors LLC purchased a new position in Harmonic during the 3rd quarter worth $2,455,000. First Eagle Investment Management LLC boosted its holdings in Harmonic by 23.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 818,376 shares of the communications equipment provider’s stock worth $8,331,000 after acquiring an additional 157,000 shares during the last quarter. Finally, Hillsdale Investment Management Inc. boosted its holdings in Harmonic by 18.8% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 681,300 shares of the communications equipment provider’s stock worth $6,936,000 after acquiring an additional 107,700 shares during the last quarter. 99.38% of the stock is owned by hedge funds and other institutional investors.

Harmonic Company Profile

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.