Silverberg Bernstein Capital Management LLC Grows Holdings in Harmonic Inc. $HLIT

Key Points

• Silverberg Bernstein Capital Management LLC increased its holdings in Harmonic Inc. by 34.5% in the second quarter, making the stock approximately 7.3% of its portfolio.
• Harmonic's recent earnings report showed a net income margin of 9.96% and revenue of $138.03 million, exceeding analysts' estimates.
• Analysts have mixed ratings for Harmonic, with one research firm lowering its target price from $10.00 to $8.00, while another reaffirmed a "buy" rating with a target price of $11.00.

Silverberg Bernstein Capital Management LLC increased its stake in Harmonic Inc. (NASDAQ:HLIT - Free Report) by 34.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,121,298 shares of the communications equipment provider's stock after purchasing an additional 287,519 shares during the quarter. Harmonic accounts for 7.3% of Silverberg Bernstein Capital Management LLC's portfolio, making the stock its 3rd largest position. Silverberg Bernstein Capital Management LLC owned about 0.99% of Harmonic worth $10,619,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. CWM LLC lifted its holdings in shares of Harmonic by 132.6% during the 1st quarter. CWM LLC now owns 7,119 shares of the communications equipment provider's stock valued at $68,000 after buying an additional 4,058 shares during the period. GAMMA Investing LLC lifted its holdings in Harmonic by 415.7% in the first quarter. GAMMA Investing LLC now owns 8,612 shares of the communications equipment provider's stock valued at $898,000 after acquiring an additional 6,942 shares during the period. Cresset Asset Management LLC purchased a new position in Harmonic in the fourth quarter worth about $133,000. PharVision Advisers LLC bought a new stake in shares of Harmonic during the 4th quarter valued at about $138,000. Finally, Drive Wealth Management LLC purchased a new stake in shares of Harmonic during the 1st quarter valued at about $111,000. 99.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HLIT. Rosenblatt Securities reissued a "buy" rating and issued a $11.00 price objective on shares of Harmonic in a report on Tuesday, July 29th. Barclays decreased their price target on shares of Harmonic from $10.00 to $8.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 29th. Wolfe Research began coverage on shares of 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. Finally, Needham & Company LLC lowered their target price on Harmonic from $14.00 to $12.00 and set a "buy" rating on the stock in a research report on Tuesday, July 29th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Harmonic has an average rating of "Hold" and a consensus target price of $11.67.

Harmonic Price Performance

HLIT stock traded up $0.04 during trading on Wednesday, reaching $10.03. The company's stock had a trading volume of 657,749 shares, compared to its average volume of 988,883. The company has a quick ratio of 1.58, a current ratio of 1.99 and a debt-to-equity ratio of 0.27. The company's fifty day moving average is $9.27 and its 200-day moving average is $9.35. The company has a market capitalization of $1.14 billion, a P/E ratio of 17.00 and a beta of 1.01. Harmonic Inc. has a 1 year low of $7.80 and a 1 year high of $15.46.

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, topping analysts' consensus estimates of $0.03 by $0.06. The firm had revenue of $138.03 million during the quarter, compared to analyst estimates of $134.90 million. Harmonic had a return on equity of 17.83% and a net margin of 9.96%.The business's quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.08 earnings per share. Harmonic has set its Q3 2025 guidance at 0.020-0.070 EPS. On average, research analysts expect that Harmonic Inc. will post 0.31 earnings per share 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.