Dean Capital Management Has $1.39 Million Position in Harmonic Inc. $HLIT

Key Points

• Dean Capital Management increased its stake in Harmonic Inc. by 51.3% in Q1, now holding 145,075 shares worth approximately $1.39 million.
• Harmonic's stock is currently priced at $9.95, having a 12-month range between $7.80 and $15.46.
• The company's recent earnings report showed an EPS of $0.09, exceeding expectations, with a projected EPS of 0.31 for the current fiscal year.

Dean Capital Management boosted its stake in shares of Harmonic Inc. (NASDAQ:HLIT - Free Report) by 51.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 145,075 shares of the communications equipment provider's stock after purchasing an additional 49,202 shares during the period. Dean Capital Management owned 0.13% of Harmonic worth $1,391,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Harmonic by 3.7% during the first quarter. Vanguard Group Inc. now owns 11,474,771 shares of the communications equipment provider's stock valued at $110,043,000 after purchasing an additional 411,443 shares during the last quarter. Invesco Ltd. boosted its position in Harmonic by 3.8% during the first quarter. Invesco Ltd. now owns 8,081,298 shares of the communications equipment provider's stock valued at $77,500,000 after purchasing an additional 292,584 shares during the last quarter. Millennium Management LLC boosted its position in Harmonic by 9,004.4% during the fourth quarter. Millennium Management LLC now owns 4,719,837 shares of the communications equipment provider's stock valued at $62,443,000 after purchasing an additional 4,667,996 shares during the last quarter. Alyeska Investment Group L.P. boosted its position in Harmonic by 310.1% during the first quarter. Alyeska Investment Group L.P. now owns 3,077,776 shares of the communications equipment provider's stock valued at $29,516,000 after purchasing an additional 2,327,272 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in Harmonic by 21.9% during the first quarter. Alliancebernstein L.P. now owns 2,615,121 shares of the communications equipment provider's stock valued at $25,079,000 after purchasing an additional 469,764 shares during the last quarter. 99.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on HLIT shares. Needham & Company LLC reduced their price target on Harmonic from $14.00 to $12.00 and set a "buy" rating for the company in a research report on Tuesday, July 29th. Wolfe Research began coverage on Harmonic in a research report on Tuesday, July 8th. They set an "underperform" rating for the company. Wall Street Zen lowered Harmonic from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Rosenblatt Securities reiterated a "buy" rating and set a $11.00 target price on shares of Harmonic in a research note on Tuesday, July 29th. Finally, Barclays decreased their target price on Harmonic from $10.00 to $8.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 29th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $11.67.

Harmonic Stock Performance

HLIT stock traded down $0.21 during midday trading on Friday, reaching $9.91. 704,169 shares of the company were exchanged, compared to its average volume of 1,003,408. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.99 and a quick ratio of 1.58. The business has a 50-day moving average price of $9.24 and a two-hundred day moving average price of $9.35. Harmonic Inc. has a one year low of $7.80 and a one year high of $15.46. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 16.80 and a beta of 1.01.

Harmonic (NASDAQ:HLIT - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The communications equipment provider reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.06. The firm had revenue of $138.03 million during the quarter, compared to analysts' expectations of $134.90 million. Harmonic had a net margin of 9.96% and a return on equity of 17.83%. The company's revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.08 earnings per share. Harmonic has set its Q3 2025 guidance at 0.020-0.070 EPS. Equities research analysts forecast that Harmonic Inc. will post 0.31 EPS for the current year.

Harmonic Company 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.