Globeflex Capital L P Buys New Position in Harmonic Inc. $HLIT

Key Points

• Globeflex Capital acquired 89,368 Harmonic shares worth approximately $1.46 million, representing about 0.08% of the company. Institutional investors collectively own 99.38% of Harmonic, including a newly reported $294 million stake from BlackRock.
• Harmonic shares opened at $12.01 after declining 3.7%, while the stock’s consensus analyst rating remains Hold with an average price target of $17.50.
• Harmonic exceeded quarterly expectations, reporting adjusted earnings of $0.24 per share versus $0.17 expected and revenue of $133.46 million, up 53.5% year over year. The company issued third-quarter 2026 EPS guidance of $0.15–$0.19 and full-year guidance of $0.67–$0.75.

Globeflex Capital L P acquired a new stake in Harmonic Inc. (NASDAQ:HLIT - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 89,368 shares of the communications equipment provider's stock, valued at approximately $1,459,000. Globeflex Capital L P owned approximately 0.08% of Harmonic as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Harmonic in the 2nd quarter valued at $294,012,000. Vanguard Group Inc. grew its stake in shares of Harmonic by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 12,022,963 shares of the communications equipment provider's stock worth $118,907,000 after acquiring an additional 148,281 shares in the last quarter. State Street Corp raised its holdings in shares of Harmonic by 1.8% in the fourth quarter. State Street Corp now owns 4,471,187 shares of the communications equipment provider's stock valued at $44,220,000 after purchasing an additional 80,791 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Harmonic by 5.4% during the first quarter. Dimensional Fund Advisors LP now owns 3,673,398 shares of the communications equipment provider's stock worth $32,987,000 after purchasing an additional 188,293 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Harmonic by 2.9% during the third quarter. Alliancebernstein L.P. now owns 2,406,945 shares of the communications equipment provider's stock worth $24,503,000 after purchasing an additional 68,921 shares during the last quarter. Institutional investors and hedge funds own 99.38% of the company's stock.

Harmonic Trading Down 3.7%

Shares of HLIT stock opened at $12.01 on Tuesday. The business has a 50-day moving average of $13.12 and a 200 day moving average of $11.92. 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 1-year low of $8.47 and a 1-year high of $17.68. The stock has a market capitalization of $1.31 billion, a PE ratio of -28.60 and a beta of 1.32.

Harmonic (NASDAQ:HLIT - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The communications equipment provider reported $0.24 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $133.46 million for the quarter, compared to analysts' expectations of $120.89 million. During the same quarter in the previous year, the business posted $0.09 earnings per share. The firm's revenue for the quarter 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. As a group, sell-side analysts anticipate that Harmonic Inc. will post 0.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

HLIT has been the topic of a number of research analyst reports. Rosenblatt Securities reissued a "buy" rating and issued a $20.00 price target on shares of Harmonic in a report on Thursday, August 13th. Jefferies Financial Group restated a "hold" rating and set a $15.00 price target on shares of Harmonic in a research note on Tuesday, May 12th. Barclays lifted their price target on shares of Harmonic from $15.00 to $16.00 and gave the stock an "equal weight" rating in a report on Thursday, August 13th. Needham & Company LLC reissued a "buy" rating on shares of Harmonic in a report on Thursday, August 13th. Finally, Northland Securities set a $17.00 price objective on Harmonic in a research note on Thursday, August 13th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $17.50.

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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