Inspire Investing LLC Buys 54,776 Shares of Harmonic Inc. $HLIT

Key Points

• Inspire Investing LLC has increased its stake in Harmonic Inc. by 181.7%, acquiring 54,776 additional shares to now own a total of 84,930 shares valued at $814,000.
• Several institutional investors, including Intech Investment Management and Jane Street Group, also significantly boosted their holdings in Harmonic during the same quarter.
• Despite a slight revenue decline, Harmonic reported an earnings per share (EPS) of $0.09 for the last quarter, outperforming analysts' expectations of $0.03.

Inspire Investing LLC increased its stake in shares of Harmonic Inc. (NASDAQ:HLIT - Free Report) by 181.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 84,930 shares of the communications equipment provider's stock after buying an additional 54,776 shares during the period. Inspire Investing LLC owned 0.08% of Harmonic worth $814,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Intech Investment Management LLC boosted its holdings in shares of Harmonic by 24.4% during the 1st quarter. Intech Investment Management LLC now owns 548,876 shares of the communications equipment provider's stock worth $5,264,000 after buying an additional 107,520 shares during the period. Jane Street Group LLC boosted its holdings in shares of Harmonic by 978.5% during the 1st quarter. Jane Street Group LLC now owns 247,480 shares of the communications equipment provider's stock worth $2,373,000 after buying an additional 224,534 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Harmonic by 9.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,538 shares of the communications equipment provider's stock worth $3,390,000 after buying an additional 31,276 shares during the period. Dean Capital Management boosted its holdings in shares of Harmonic by 51.3% during the 1st quarter. Dean Capital Management now owns 145,075 shares of the communications equipment provider's stock worth $1,391,000 after buying an additional 49,202 shares during the period. Finally, Clearline Capital LP boosted its holdings in Harmonic by 24.1% in the 1st quarter. Clearline Capital LP now owns 599,778 shares of the communications equipment provider's stock valued at $5,752,000 after purchasing an additional 116,661 shares during the period. Institutional investors own 99.38% of the company's stock.

Analyst Ratings Changes

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

Harmonic Price Performance

Shares of NASDAQ:HLIT opened at $9.91 on Friday. The firm has a 50 day moving average of $9.24 and a 200-day moving average of $9.36. The stock has a market capitalization of $1.13 billion, a PE ratio of 16.80 and a beta of 1.01. The company has a current ratio of 1.99, a quick ratio of 1.58 and a debt-to-equity ratio of 0.27. Harmonic Inc. has a 12 month low of $7.80 and a 12 month high of $15.46.

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

Harmonic Company Profile

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.

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