Harmonic Inc. $HLIT Shares Acquired by Squarepoint Ops LLC

Key Points

• Squarepoint Ops LLC increased its Harmonic stake by 486.9% in the second quarter, owning 344,782 shares valued at approximately $5.63 million. Institutional investors collectively hold 99.38% of Harmonic’s outstanding stock.
• Harmonic reported quarterly EPS of $0.24, beating estimates by $0.07, while revenue of $133.46 million rose 53.5% year over year and exceeded consensus expectations.
• Analyst sentiment is mixed, with an average rating of “Hold” and an average price target of $17.50, compared with the stock’s recent price of about $12.00.

Squarepoint Ops LLC grew its stake in Harmonic Inc. (NASDAQ:HLIT - Free Report) by 486.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 344,782 shares of the communications equipment provider's stock after acquiring an additional 286,038 shares during the period. Squarepoint Ops LLC owned about 0.32% of Harmonic worth $5,630,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. Nykredit A S purchased a new stake in shares of Harmonic during the second quarter worth $36,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Harmonic during the second quarter worth approximately $49,000. iSAM Funds UK Ltd acquired a new position in Harmonic in the 3rd quarter valued at about $49,000. Global Retirement Partners LLC increased its stake in Harmonic by 23,193.5% in the 4th quarter. Global Retirement Partners LLC now owns 7,221 shares of the communications equipment provider's stock valued at $71,000 after buying an additional 7,190 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Harmonic during the 1st quarter worth approximately $75,000. Hedge funds and other institutional investors own 99.38% of the company's stock.

Harmonic Trading Up 3.1%

Shares of Harmonic stock opened at $12.00 on Friday. Harmonic Inc. has a 1 year low of $8.47 and a 1 year high of $17.68. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.05 and a quick ratio of 2.56. The business has a 50 day moving average price of $12.27 and a 200 day moving average price of $12.07. The company has a market capitalization of $1.31 billion, a P/E ratio of -28.57 and a beta of 1.32.

Harmonic (NASDAQ:HLIT - Get Free Report) last announced its 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. The firm had revenue of $133.46 million during the quarter, compared to the consensus estimate of $120.89 million. Harmonic had a negative net margin of 8.50% and a positive return on equity of 10.91%. The firm's revenue for the quarter was up 53.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.09 EPS. Harmonic has set its Q3 2026 guidance at 0.150-0.190 EPS and its FY 2026 guidance at 0.670-0.750 EPS. Sell-side analysts anticipate that Harmonic Inc. will post 0.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HLIT has been the topic of several research analyst reports. Northland Securities set a $17.00 price target on Harmonic in a research note on Thursday, August 13th. Wall Street Zen downgraded Harmonic from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 1st. Barclays lifted their price objective on Harmonic from $15.00 to $16.00 and gave the stock an "equal weight" rating in a report on Thursday, August 13th. Raymond James Financial reiterated an "outperform" rating and set a $19.00 target price on shares of Harmonic in a research report on Thursday, August 13th. Finally, Needham & Company LLC restated a "buy" rating on shares of Harmonic in a research report on Thursday, August 13th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average 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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