250,466 Shares in Harmonic Inc. $HLIT Bought by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management acquired 250,466 Harmonic shares worth approximately $4.09 million, giving it a 0.23% stake. Institutional investors collectively own 99.38% of HLIT.
• Analyst sentiment is mixed, with three Buy, three Hold, and one Sell rating; the consensus rating is Hold with an average price target of $17.50.
• Harmonic exceeded quarterly expectations, reporting $0.24 EPS versus $0.17 expected and $133.46 million in revenue, up 53.5% year over year. Shares opened at $11.96, within a 12-month range of $8.47 to $17.68.

Allianz Asset Management GmbH acquired a new position in Harmonic Inc. (NASDAQ:HLIT - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 250,466 shares of the communications equipment provider's stock, valued at approximately $4,090,000. Allianz Asset Management GmbH owned approximately 0.23% of Harmonic at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sei Investments Co. boosted its holdings in Harmonic by 2.0% in the first quarter. Sei Investments Co. now owns 70,742 shares of the communications equipment provider's stock valued at $635,000 after purchasing an additional 1,383 shares during the last quarter. Aristides Capital LLC raised its position in shares of Harmonic by 7.2% in the 1st quarter. Aristides Capital LLC now owns 21,943 shares of the communications equipment provider's stock valued at $197,000 after purchasing an additional 1,483 shares in the last quarter. Nykredit A S acquired a new position in shares of Harmonic in the 2nd quarter valued at approximately $36,000. Inspire Investing LLC boosted its stake in shares of Harmonic by 5.4% during the 4th quarter. Inspire Investing LLC now owns 47,233 shares of the communications equipment provider's stock valued at $467,000 after buying an additional 2,428 shares during the last quarter. Finally, Stephens Inc. AR boosted its stake in shares of Harmonic by 6.5% during the 4th quarter. Stephens Inc. AR now owns 41,893 shares of the communications equipment provider's stock valued at $414,000 after buying an additional 2,548 shares during the last quarter. 99.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HLIT has been the subject of a number of research analyst reports. Zacks Research lowered shares of Harmonic from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 24th. Jefferies Financial Group reiterated a "hold" rating and set a $15.00 price objective on shares of Harmonic in a research note on Tuesday, May 12th. Raymond James Financial reissued an "outperform" rating and issued a $19.00 target price on shares of Harmonic in a research report on Thursday, August 13th. Weiss Ratings upgraded shares of Harmonic from a "sell (d)" rating to a "sell (d+)" rating in a research note on Friday. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $20.00 price target on shares of Harmonic in a research report on Thursday, August 13th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $17.50.

Harmonic Stock Performance

Harmonic stock opened at $11.96 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.05 and a quick ratio of 2.56. Harmonic Inc. has a 12 month low of $8.47 and a 12 month high of $17.68. The company has a fifty day moving average price of $12.44 and a two-hundred day moving average price of $12.05. The company has a market cap of $1.30 billion, a PE ratio of -28.48 and a beta of 1.32.

Harmonic (NASDAQ:HLIT - Get Free Report) last issued its 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. Harmonic had a negative net margin of 8.50% and a positive return on equity of 10.91%. The company had revenue of $133.46 million for the quarter, compared to analysts' expectations of $120.89 million. During the same period in the prior year, the company earned $0.09 earnings per share. The firm's revenue was up 53.5% compared to the same quarter last year. Harmonic has set its Q3 2026 guidance at 0.150-0.190 EPS and its FY 2026 guidance at 0.670-0.750 EPS. Research analysts expect that Harmonic Inc. will post 0.53 earnings per share for the current year.

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.

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