Hsbc Holdings PLC Makes New $1.36 Million Investment in Harmonic Inc. $HLIT

Key Points

• Hsbc Holdings PLC acquired 83,651 Harmonic shares worth approximately $1.36 million, while institutional investors collectively own 99.38% of HLIT. BlackRock also initiated a much larger, $294 million position.
• Harmonic reported quarterly EPS of $0.24, beating estimates of $0.17, and revenue of $133.46 million, up 53.5% year over year and above expectations of $120.89 million.
• Analyst sentiment is mixed, with three Buy, three Hold and one Sell rating; the consensus rating is Hold with an average price target of $17.50, compared with the stock’s opening price of $11.98.

Hsbc Holdings PLC acquired a new position in shares of Harmonic Inc. (NASDAQ:HLIT - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 83,651 shares of the communications equipment provider's stock, valued at approximately $1,360,000. Hsbc Holdings PLC owned 0.08% of Harmonic as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in HLIT. BlackRock Inc. acquired a new position in Harmonic in the 2nd quarter valued at $294,012,000. Arrowstreet Capital Limited Partnership increased its position in Harmonic by 290.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 980,484 shares of the communications equipment provider's stock worth $9,981,000 after buying an additional 729,269 shares during the period. Walleye Capital LLC acquired a new stake in shares of Harmonic during the fourth quarter worth $7,182,000. Bank of New York Mellon Corp acquired a new stake in shares of Harmonic during the second quarter worth $10,509,000. Finally, Renaissance Technologies LLC boosted its position in shares of Harmonic by 120.7% in the first quarter. Renaissance Technologies LLC now owns 1,052,927 shares of the communications equipment provider's stock valued at $9,455,000 after acquiring an additional 575,800 shares during the period. Institutional investors and hedge funds own 99.38% of the company's stock.

Harmonic Price Performance

HLIT stock opened at $11.98 on Tuesday. The company has a quick ratio of 2.56, a current ratio of 3.05 and a debt-to-equity ratio of 0.30. Harmonic Inc. has a 12 month low of $8.47 and a 12 month high of $17.68. The firm has a market cap of $1.31 billion, a P/E ratio of -28.52 and a beta of 1.32. The company's 50-day moving average price is $12.84 and its two-hundred day moving average price is $12.00.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on HLIT. Jefferies Financial Group reaffirmed a "hold" rating and set a $15.00 price target on shares of Harmonic in a research report on Tuesday, May 12th. Needham & Company LLC reissued a "buy" rating on shares of Harmonic in a report on Thursday, August 13th. Weiss Ratings lowered shares of Harmonic from a "sell (d+)" rating to a "sell (d)" rating in a research report on Thursday, August 20th. Wall Street Zen lowered shares of Harmonic from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 1st. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $19.00 price target on shares of Harmonic in a research report on Thursday, August 13th. Three research 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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