Intech Investment Management LLC Buys 107,520 Shares of Harmonic Inc. $HLIT

Key Points

• Intech Investment Management LLC increased its holdings in Harmonic Inc. by 24.4%, owning 548,876 shares valued at approximately $5.26 million after acquiring an additional 107,520 shares in Q1.
• Harmonic's quarterly earnings showed a 0.09 EPS, exceeding the consensus estimate, with revenue of $138.03 million, slightly above analysts' expectations.
• Analysts' ratings for Harmonic are mixed, with an average target price of $11.67 and indications ranging from "buy" to "underperform" by various firms.

Intech Investment Management LLC boosted its stake in shares of Harmonic Inc. (NASDAQ:HLIT - Free Report) by 24.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 548,876 shares of the communications equipment provider's stock after acquiring an additional 107,520 shares during the quarter. Intech Investment Management LLC owned approximately 0.49% of Harmonic worth $5,264,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Arizona State Retirement System boosted its stake in shares of Harmonic by 4.2% in the 1st quarter. Arizona State Retirement System now owns 33,392 shares of the communications equipment provider's stock valued at $320,000 after purchasing an additional 1,344 shares during the last quarter. Cresset Asset Management LLC boosted its stake in Harmonic by 16.5% in the first 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. Bouvel Investment Partners LLC boosted its stake in Harmonic by 1.8% in the first quarter. Bouvel Investment Partners LLC now owns 120,524 shares of the communications equipment provider's stock valued at $1,156,000 after acquiring an additional 2,079 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Harmonic by 3.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,811 shares of the communications equipment provider's stock valued at $831,000 after acquiring an additional 2,146 shares during the last quarter. Finally, Entropy Technologies LP boosted its position in shares of Harmonic by 27.1% in the 1st quarter. Entropy Technologies LP now owns 14,016 shares of the communications equipment provider's stock worth $134,000 after purchasing an additional 2,990 shares during the last quarter. Institutional investors own 99.38% of the company's stock.

Harmonic Stock Up 3.4%

Shares of HLIT stock traded up $0.35 during trading on Thursday, reaching $10.38. The company's stock had a trading volume of 213,749 shares, compared to its average volume of 1,147,261. The business has a fifty day moving average price of $9.27 and a 200-day moving average price of $9.35. The company has a quick ratio of 1.58, a current ratio of 1.99 and a debt-to-equity ratio of 0.27. Harmonic Inc. has a one year low of $7.80 and a one year high of $15.46. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 17.59 and a beta of 1.01.

Harmonic (NASDAQ:HLIT - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The communications equipment provider reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.06. The business had revenue of $138.03 million for the quarter, compared to analysts' expectations of $134.90 million. Harmonic had a return on equity of 17.83% and a net margin of 9.96%.The firm's revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.08 EPS. Harmonic has set its Q3 2025 guidance at 0.020-0.070 EPS. Analysts anticipate that Harmonic Inc. will post 0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Harmonic 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.