VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $1.82 Million Investment in Harmonic Inc. $HLIT

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Harmonic Inc. (NASDAQ:HLIT) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 111,300 shares of the communications equipment provider’s stock, valued at approximately $1,818,000.

Other large investors have also made changes to their positions in the company. Nykredit A S purchased a new position in shares of Harmonic during the second quarter worth $36,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Harmonic in the second quarter valued at $49,000. iSAM Funds UK Ltd purchased a new stake in Harmonic in the third quarter valued at $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 worth $71,000 after purchasing an additional 7,190 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in Harmonic during the 1st quarter worth about $75,000. 99.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HLIT has been the subject of several analyst reports. Northland Securities set a $17.00 price objective on Harmonic in a report on Thursday, August 13th. Needham & Company LLC reaffirmed a “buy” rating on shares of Harmonic in a report on Thursday, August 13th. Zacks Research cut Harmonic from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. Weiss Ratings raised Harmonic from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, September 4th. Finally, Barclays upped their price objective on Harmonic from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Harmonic currently has an average rating of “Hold” and a consensus target price of $17.50.

Harmonic Price Performance

NASDAQ:HLIT opened at $12.00 on Friday. The company has a quick ratio of 2.56, a current ratio of 3.05 and a debt-to-equity ratio of 0.30. Harmonic Inc. has a 52 week low of $8.47 and a 52 week high of $17.68. The stock’s 50-day moving average price is $12.27 and its 200-day moving average price is $12.07. The stock has a market capitalization of $1.31 billion, a PE ratio of -28.57 and a beta of 1.32.

Harmonic (NASDAQ:HLIT) last released its quarterly earnings results on Wednesday, August 12th. The communications equipment provider reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.07. The company had revenue of $133.46 million during the quarter, compared to analysts’ expectations of $120.89 million. Harmonic had a positive return on equity of 10.91% and a negative net margin of 8.50%.Harmonic’s quarterly revenue was up 53.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.09 EPS. Harmonic has set its Q3 2026 guidance at 0.150-0.190 EPS and its FY 2026 guidance at 0.670-0.750 EPS. As a group, equities analysts expect that Harmonic Inc. will post 0.53 EPS for the current fiscal year.

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.