Deutsche Bank AG Makes New Investment in Harmonic Inc. $HLIT

Key Points

• Deutsche Bank initiated a position in Harmonic, purchasing 118,587 shares valued at approximately $1.94 million. Institutional investors collectively own 99.38% of the company.
• Harmonic reported stronger-than-expected quarterly results, with EPS of $0.24 versus the $0.17 consensus estimate and revenue of $133.46 million, up 53.5% year over year.
• Analysts maintain a consensus “Hold” rating with an average price target of $17.50, compared with the stock’s recent opening price of $12.02.

Deutsche Bank AG purchased a new position in shares of Harmonic Inc. (NASDAQ:HLIT - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 118,587 shares of the communications equipment provider's stock, valued at approximately $1,937,000. Deutsche Bank AG owned about 0.11% of Harmonic at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Sei Investments Co. raised its holdings in Harmonic by 2.0% in the 1st quarter. Sei Investments Co. now owns 70,742 shares of the communications equipment provider's stock worth $635,000 after purchasing an additional 1,383 shares during the period. Aristides Capital LLC grew its holdings in Harmonic by 7.2% during the first 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 during the period. Inspire Investing LLC increased its position in Harmonic by 5.4% in the fourth quarter. Inspire Investing LLC now owns 47,233 shares of the communications equipment provider's stock worth $467,000 after buying an additional 2,428 shares in the last quarter. Stephens Inc. AR increased its position in Harmonic by 6.5% in the fourth quarter. Stephens Inc. AR now owns 41,893 shares of the communications equipment provider's stock worth $414,000 after buying an additional 2,548 shares in the last quarter. Finally, Caxton Associates LLP raised its stake in shares of Harmonic by 21.2% in the first quarter. Caxton Associates LLP now owns 15,937 shares of the communications equipment provider's stock worth $143,000 after buying an additional 2,789 shares during the period. Institutional investors own 99.38% of the company's stock.

Harmonic Price Performance

Shares of Harmonic stock opened at $12.02 on Friday. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of -28.62 and a beta of 1.32. The company has a quick ratio of 2.56, a current ratio of 3.05 and a debt-to-equity ratio of 0.30. The stock's 50-day simple moving average is $12.90 and its 200-day simple moving average is $11.98. Harmonic Inc. has a 52 week low of $8.47 and a 52 week high of $17.68.

Harmonic (NASDAQ:HLIT - Get Free Report) last released its earnings results on Wednesday, August 12th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.07. Harmonic had a positive return on equity of 10.91% and a negative net margin of 8.50%.The firm had revenue of $133.46 million during the quarter, compared to analysts' expectations of $120.89 million. During the same quarter last year, the business posted $0.09 earnings per share. The firm's revenue was up 53.5% on a year-over-year basis. 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, analysts expect that Harmonic Inc. will post 0.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HLIT has been the topic of a number of analyst reports. Raymond James Financial reaffirmed an "outperform" rating and set a $19.00 price objective on shares of Harmonic in a research report on Thursday, August 13th. Needham & Company LLC reissued a "buy" rating on shares of Harmonic in a report on Thursday, August 13th. Northland Securities set a $17.00 target price on shares of Harmonic in a research note on Thursday, August 13th. Jefferies Financial Group reaffirmed a "hold" rating and set a $15.00 price target on shares of Harmonic in a report on Tuesday, May 12th. Finally, Barclays upped their price target on shares of 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 issued a Sell rating to the company. Based on data from MarketBeat.com, Harmonic has a consensus rating of "Hold" and a consensus price target of $17.50.

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.

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