Harmonic (NASDAQ:HLIT) SVP Sells $248,122.35 in Stock

Harmonic Inc. (NASDAQ:HLIT) SVP Neven Haltmayer sold 23,835 shares of Harmonic 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 directly owned 149,570 shares of the company’s stock, valued at approximately $1,557,023.70. The trade was a 13.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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 transaction of $65,410.65.

Harmonic Trading Down 0.9%

Shares of Harmonic stock opened at $10.33 on Thursday. Harmonic Inc. has a 12-month low of $7.80 and a 12-month high of $13.75. The stock has a market capitalization of $1.16 billion, a P/E ratio of 24.59 and a beta of 1.06. The company has a 50-day simple moving average of $10.02 and a 200 day simple moving average of $9.65. The company has a quick ratio of 1.64, a current ratio of 2.08 and a debt-to-equity ratio of 0.27.

Harmonic (NASDAQ:HLIT) last released its quarterly earnings results on Monday, November 3rd. The communications equipment provider reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.07. The firm had revenue of $142.38 million for the quarter, compared to analyst estimates of $127.94 million. Harmonic had a net margin of 7.81% and a return on equity of 13.70%. The company’s revenue for the quarter was down 27.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 earnings per share. Harmonic has set its Q4 2025 guidance at 0.060-0.120 EPS. Research analysts expect that Harmonic Inc. will post 0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Harmonic

A number of institutional investors and hedge funds have recently made changes to their positions in HLIT. Tudor Investment Corp ET AL lifted its stake in shares of Harmonic by 18.3% during the third quarter. Tudor Investment Corp ET AL now owns 1,013,492 shares of the communications equipment provider’s stock valued at $10,317,000 after acquiring an additional 156,862 shares during the period. Connors Investor Services Inc. bought a new stake in Harmonic during the 3rd quarter worth about $240,000. CIBC Bancorp USA Inc. acquired a new position in Harmonic during the 3rd quarter valued at about $122,000. Dark Forest Capital Management LP lifted its position in Harmonic by 82.7% during the 3rd quarter. Dark Forest Capital Management LP now owns 292,764 shares of the communications equipment provider’s stock valued at $2,980,000 after purchasing an additional 132,487 shares during the period. Finally, Alyeska Investment Group L.P. boosted its stake in shares of Harmonic by 9.5% in the 3rd quarter. Alyeska Investment Group L.P. now owns 2,013,804 shares of the communications equipment provider’s stock valued at $20,501,000 after purchasing an additional 174,203 shares during the last quarter. Institutional investors own 99.38% of the company’s stock.

Analyst Ratings Changes

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