AlphaQuest LLC Buys 112,172 Shares of Harmonic Inc. $HLIT

AlphaQuest LLC raised its stake in Harmonic Inc. (NASDAQ:HLIT) by 405.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 139,858 shares of the communications equipment provider’s stock after buying an additional 112,172 shares during the quarter. AlphaQuest LLC owned about 0.12% of Harmonic worth $1,324,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. CWM LLC boosted its holdings in Harmonic by 132.6% during the first quarter. CWM LLC now owns 7,119 shares of the communications equipment provider’s stock worth $68,000 after purchasing an additional 4,058 shares during the last quarter. Drive Wealth Management LLC acquired a new position in Harmonic during the first quarter worth $111,000. Cresset Asset Management LLC boosted its holdings in Harmonic by 16.5% during the first quarter. Cresset Asset Management LLC now owns 11,721 shares of the communications equipment provider’s stock worth $112,000 after purchasing an additional 1,660 shares during the last quarter. Significant Wealth Partners LLC bought a new stake in Harmonic during the second quarter worth $112,000. Finally, Virtu Financial LLC bought a new stake in Harmonic during the first quarter worth $114,000. Institutional investors and hedge funds own 99.38% of the company’s stock.

Harmonic Trading Up 0.5%

HLIT stock opened at $10.45 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.58 and a current ratio of 1.99. The company’s 50-day simple moving average is $9.97 and its 200 day simple moving average is $9.42. Harmonic Inc. has a 52 week low of $7.80 and a 52 week high of $15.46. The company has a market capitalization of $1.19 billion, a PE ratio of 17.71 and a beta of 1.01.

Harmonic (NASDAQ:HLIT) last released its quarterly earnings results on Monday, July 28th. The communications equipment provider reported $0.09 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $134.90 million. During the same period in the prior year, the company posted $0.08 earnings per share. Harmonic’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. As a group, sell-side analysts anticipate that Harmonic Inc. will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HLIT shares. Wall Street Zen lowered shares of Harmonic from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Wolfe Research began coverage on shares of Harmonic in a research report on Tuesday, July 8th. They set an “underperform” rating on the stock. Rosenblatt Securities increased their price objective on shares of Harmonic from $11.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Barclays dropped their price objective on shares of Harmonic from $10.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 29th. Finally, Needham & Company LLC dropped their price objective on shares of Harmonic from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, July 29th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.