75,918 Shares in Harmonic Inc. $HLIT Bought by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd has acquired 75,918 shares of Harmonic Inc., valued at approximately $728,000, increasing its stake to 0.07% of the company.
• Several institutional investors, including Northern Trust Corp and Deutsche Bank AG, have significantly increased their holdings in Harmonic during the 4th quarter, indicating growing interest in the stock.
• Harmonic's latest earnings report revealed a profit of $0.09 per share, surpassing expectations, although its revenue showed a slight year-over-year decline of 0.5%.

Dynamic Technology Lab Private Ltd bought a new position in Harmonic Inc. (NASDAQ:HLIT - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 75,918 shares of the communications equipment provider's stock, valued at approximately $728,000. Dynamic Technology Lab Private Ltd owned approximately 0.07% of Harmonic at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of HLIT. CWM LLC grew its position in Harmonic by 132.6% during the 1st quarter. CWM LLC now owns 7,119 shares of the communications equipment provider's stock worth $68,000 after acquiring an additional 4,058 shares during the last quarter. Drive Wealth Management LLC bought a new stake in Harmonic during the 1st quarter worth approximately $111,000. Cresset Asset Management LLC grew its position in Harmonic by 16.5% during the 1st quarter. Cresset Asset Management LLC now owns 11,721 shares of the communications equipment provider's stock worth $112,000 after acquiring an additional 1,660 shares during the last quarter. Virtu Financial LLC bought a new stake in Harmonic during the 1st quarter worth approximately $114,000. Finally, Mackenzie Financial Corp bought a new stake in Harmonic during the 1st quarter worth approximately $132,000. 99.38% of the stock is currently owned by institutional investors.

Harmonic Trading Down 2.1%

Shares of NASDAQ:HLIT traded down $0.21 during midday trading on Friday, hitting $9.91. The company had a trading volume of 704,169 shares, compared to its average volume of 1,009,623. Harmonic Inc. has a 12 month low of $7.80 and a 12 month high of $15.46. The company has a current ratio of 1.99, a quick ratio of 1.58 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 16.80 and a beta of 1.01. The firm has a fifty day simple moving average of $9.24 and a 200 day simple moving average of $9.36.

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

Analyst Ratings Changes

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

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.