Inspire Investing LLC Sells 44,053 Shares of Harmonic Inc. $HLIT

Key Points

• Inspire Investing LLC reduced its stake in Harmonic Inc. by 51.9%, selling 44,053 shares, resulting in holdings worth approximately $387,000 as of the latest SEC filing.
• Various institutional investors have increased their positions in Harmonic, with CWM LLC leading by raising its holdings by 132.6% in the first quarter.
• Harmonic Inc. reported better-than-expected earnings of $0.09 EPS in their last quarter, with revenue of $138.03 million, even though it saw a 0.5% decline compared to the previous year.

Inspire Investing LLC lessened its stake in shares of Harmonic Inc. (NASDAQ:HLIT - Free Report) by 51.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,877 shares of the communications equipment provider's stock after selling 44,053 shares during the period. Inspire Investing LLC's holdings in Harmonic were worth $387,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC lifted its holdings in shares of Harmonic by 132.6% in the 1st quarter. CWM LLC now owns 7,119 shares of the communications equipment provider's stock valued at $68,000 after acquiring an additional 4,058 shares during the last quarter. Drive Wealth Management LLC bought a new position in shares of Harmonic in the 1st quarter valued at about $111,000. Cresset Asset Management LLC lifted its holdings in shares of Harmonic by 16.5% in the 1st quarter. Cresset Asset Management LLC now owns 11,721 shares of the communications equipment provider's stock valued at $112,000 after acquiring an additional 1,660 shares during the last quarter. Significant Wealth Partners LLC bought a new position in shares of Harmonic in the 2nd quarter valued at about $112,000. Finally, Virtu Financial LLC bought a new position in shares of Harmonic in the 1st quarter valued at about $114,000. Institutional investors own 99.38% of the company's stock.

Wall Street Analysts Forecast Growth

HLIT has been the subject of a number of analyst reports. Needham & Company LLC lowered their price target 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 increased their price objective on shares of Harmonic from $11.00 to $14.00 and gave the stock a "buy" rating in a research report on Wednesday, October 1st. Weiss Ratings reissued a "hold (c-)" rating on shares of Harmonic in a research report on Wednesday, October 8th. Finally, Wolfe Research began coverage on shares of Harmonic in a research report on Tuesday, July 8th. They issued an "underperform" rating on the stock. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $12.17.

Harmonic Stock Performance

Harmonic stock opened at $10.29 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.99 and a quick ratio of 1.58. Harmonic Inc. has a 1-year low of $7.80 and a 1-year high of $15.46. The firm has a market capitalization of $1.17 billion, a P/E ratio of 17.44 and a beta of 1.01. The company's 50-day moving average is $9.80 and its 200 day moving average is $9.35.

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

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