JPMorgan Chase & Co. Has $1.96 Million Holdings in Harmonic Inc. $HLIT

Key Points

• JPMorgan Chase reduced its stake in Harmonic by 39.4%, selling 125,437 shares and ending the quarter with 192,860 shares worth about $1.96 million (≈0.17% of the company).
• Analyst sentiment is mixed with a MarketBeat consensus of "Hold" and a $14.50 price target — two Buys, one Hold and two Sells among recent reports.
• Harmonic missed the quarter (EPS $0.06 vs. $0.10 expected), reported revenue down ~42.6% YoY and a negative net margin, while management gave FY2026 guidance of $0.46–$0.63 EPS vs. analysts' average ~ $0.31.

JPMorgan Chase & Co. cut its stake in Harmonic Inc. (NASDAQ:HLIT - Free Report) by 39.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 192,860 shares of the communications equipment provider's stock after selling 125,437 shares during the period. JPMorgan Chase & Co. owned about 0.17% of Harmonic worth $1,963,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of HLIT. iSAM Funds UK Ltd acquired a new position in shares of Harmonic in the 3rd quarter worth approximately $49,000. McIlrath & Eck LLC bought a new stake in Harmonic during the 3rd quarter worth approximately $57,000. Russell Investments Group Ltd. grew its position in Harmonic by 23,297.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 9,359 shares of the communications equipment provider's stock worth $95,000 after acquiring an additional 9,319 shares during the last quarter. Franklin Resources Inc. bought a new stake in Harmonic during the 3rd quarter worth approximately $115,000. Finally, Magnetar Financial LLC bought a new stake in Harmonic during the 3rd quarter worth approximately $119,000. 99.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on HLIT. Rosenblatt Securities restated a "buy" rating and set a $16.00 price target on shares of Harmonic in a research report on Friday, March 27th. Needham & Company LLC increased their price target on Harmonic from $15.00 to $17.00 and gave the stock a "buy" rating in a research report on Friday, February 20th. Northland Securities set a $14.00 price target on Harmonic in a research report on Friday, February 20th. Finally, Weiss Ratings lowered Harmonic from a "hold (c)" rating to a "sell (d)" rating in a research report on Friday, March 6th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $14.50.

Harmonic Stock Up 1.0%

Shares of HLIT opened at $9.38 on Wednesday. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of -24.05 and a beta of 1.10. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.26 and a current ratio of 2.50. The business's fifty day moving average price is $9.83 and its two-hundred day moving average price is $9.98. Harmonic Inc. has a 52 week low of $7.80 and a 52 week high of $12.18.

Harmonic (NASDAQ:HLIT - Get Free Report) last announced its quarterly earnings data on Thursday, February 19th. The communications equipment provider reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.04). The firm had revenue of ($53.02) million during the quarter, compared to the consensus estimate of $140.98 million. Harmonic had a negative net margin of 7.59% and a positive return on equity of 5.91%. The firm's quarterly revenue was down 42.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.45 earnings per share. Harmonic has set its FY 2026 guidance at 0.460-0.630 EPS and its Q1 2026 guidance at 0.110-0.120 EPS. On average, analysts predict that Harmonic Inc. will post 0.31 earnings per share for the current year.

About Harmonic

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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