Harmonic (NASDAQ:HLIT) Director Stephanie Copeland Sells 4,300 Shares of Stock

Harmonic Inc. (NASDAQ:HLIT) Director Stephanie Copeland sold 4,300 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $13.30, for a total transaction of $57,190.00. Following the transaction, the director directly owned 20,752 shares in the company, valued at approximately $276,001.60. The trade was a 17.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Harmonic Stock Down 0.5%

Shares of Harmonic stock opened at $12.48 on Tuesday. The company has a current ratio of 2.27, a quick ratio of 2.03 and a debt-to-equity ratio of 0.31. The company’s fifty day simple moving average is $10.31 and its two-hundred day simple moving average is $10.15. The company has a market cap of $1.35 billion, a P/E ratio of -33.73 and a beta of 1.24. Harmonic Inc. has a 12-month low of $7.80 and a 12-month high of $15.39.

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

Institutional Trading of Harmonic

A number of hedge funds and other institutional investors have recently modified their holdings of HLIT. iSAM Funds UK Ltd purchased a new stake in shares of Harmonic in the 3rd quarter worth about $49,000. Global Retirement Partners LLC grew its position in Harmonic by 23,193.5% during the 4th quarter. Global Retirement Partners LLC now owns 7,221 shares of the communications equipment provider’s stock valued at $71,000 after purchasing an additional 7,190 shares during the last quarter. KBC Group NV grew its position in Harmonic by 130.7% during the 4th quarter. KBC Group NV now owns 7,476 shares of the communications equipment provider’s stock valued at $74,000 after purchasing an additional 4,236 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Harmonic during the 1st quarter valued at about $75,000. Finally, Royal Bank of Canada grew its position in Harmonic by 64.6% during the 4th quarter. Royal Bank of Canada now owns 7,645 shares of the communications equipment provider’s stock valued at $75,000 after purchasing an additional 3,000 shares during the last quarter. 99.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HLIT. Needham & Company LLC boosted their price objective on shares of Harmonic from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Wall Street Zen raised shares of Harmonic from a “hold” rating to a “strong-buy” rating in a research report on Saturday. Weiss Ratings downgraded shares of Harmonic from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, March 6th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $15.00 target price on shares of Harmonic in a research report on Tuesday, May 12th. Finally, Northland Securities set a $15.00 target price on shares of Harmonic in a research report on Tuesday, May 12th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $16.60.

About Harmonic

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.