Charles Schwab Investment Management Inc. Raises Position in Harmonic Inc. $HLIT

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Harmonic Inc. by 6.7% during the first quarter, owning approximately 0.99% of the company with a value of $10.8 million.
• Several institutional investors, including CWM LLC and Russell Investments Group Ltd., have made significant adjustments to their holdings in Harmonic, reflecting interest in the company.
• Harmonic recently reported earnings of $0.09 EPS for the quarter, surpassing analyst expectations and guiding for 0.020-0.070 EPS in Q3 2025.

Charles Schwab Investment Management Inc. increased its stake in Harmonic Inc. (NASDAQ:HLIT - Free Report) by 6.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,128,795 shares of the communications equipment provider's stock after buying an additional 71,225 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.99% of Harmonic worth $10,825,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Harmonic by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 11,474,771 shares of the communications equipment provider's stock valued at $110,043,000 after acquiring an additional 411,443 shares during the period. Natixis Advisors LLC acquired a new position in Harmonic in the 1st quarter valued at $228,000. XTX Topco Ltd acquired a new position in Harmonic in the 1st quarter valued at $416,000. Mackenzie Financial Corp acquired a new position in Harmonic in the 1st quarter valued at $132,000. Finally, Inspire Advisors LLC acquired a new position in Harmonic in the 1st quarter valued at $2,046,000. Institutional investors and hedge funds own 99.38% of the company's stock.

Analyst Ratings Changes

HLIT has been the topic of a number of research reports. Wall Street Zen lowered Harmonic from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Rosenblatt Securities restated a "buy" rating and set a $11.00 price objective on shares of Harmonic in a research report on Tuesday, July 29th. Wolfe Research started coverage on Harmonic in a report on Tuesday, July 8th. They set an "underperform" rating on the stock. Needham & Company LLC cut their target price on Harmonic from $14.00 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, July 29th. Finally, Barclays lowered their price objective on Harmonic from $10.00 to $8.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 29th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $11.67.

Harmonic Stock Performance

Harmonic stock traded down $0.10 during mid-day trading on Friday, reaching $9.62. The company's stock had a trading volume of 668,089 shares, compared to its average volume of 1,154,539. Harmonic Inc. has a 12-month low of $7.80 and a 12-month high of $15.46. The company has a market capitalization of $1.09 billion, a P/E ratio of 16.31 and a beta of 1.00. 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 firm's fifty day moving average price is $9.17 and its two-hundred day moving average price is $9.38.

Harmonic (NASDAQ:HLIT - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The communications equipment provider reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $134.90 million. During the same period in the previous year, the business earned $0.08 EPS. 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. Sell-side analysts predict that Harmonic Inc. will post 0.31 EPS for the current fiscal year.

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.