Lisanti Capital Growth LLC Invests $2.33 Million in Harmonic Inc. $HLIT

Key Points

• Lisanti Capital Growth LLC acquired 142,485 Harmonic shares worth approximately $2.33 million, representing about 0.13% of the company. Institutional investors collectively own 99.38% of Harmonic.
• Analysts have a consensus “Hold” rating with an average price target of $17.50, compared with Harmonic’s recent opening price of $12.56.
• Harmonic exceeded quarterly expectations, reporting $0.24 in EPS versus $0.17 expected and revenue of $133.46 million, up 53.5% year over year. The company issued third-quarter 2026 EPS guidance of $0.15–$0.19.

Lisanti Capital Growth LLC bought a new stake in Harmonic Inc. (NASDAQ:HLIT - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 142,485 shares of the communications equipment provider's stock, valued at approximately $2,327,000. Lisanti Capital Growth LLC owned approximately 0.13% of Harmonic as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of HLIT. iSAM Funds UK Ltd purchased a new position in Harmonic in the third quarter worth $49,000. Global Retirement Partners LLC increased its position in shares of Harmonic by 23,193.5% during the 4th quarter. Global Retirement Partners LLC now owns 7,221 shares of the communications equipment provider's stock valued at $71,000 after purchasing an additional 7,190 shares during the last quarter. KBC Group NV increased its position in shares of Harmonic by 130.7% during the 4th quarter. KBC Group NV now owns 7,476 shares of the communications equipment provider's stock valued at $74,000 after purchasing an additional 4,236 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Harmonic during the 1st quarter worth $75,000. Finally, Royal Bank of Canada raised its stake in shares of Harmonic by 64.6% during the 4th quarter. Royal Bank of Canada now owns 7,645 shares of the communications equipment provider's stock worth $75,000 after purchasing an additional 3,000 shares during the period. 99.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Raymond James Financial restated an "outperform" rating and set a $19.00 price target on shares of Harmonic in a research report on Thursday, August 13th. Barclays lifted their price objective on shares of Harmonic from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 13th. Rosenblatt Securities reissued a "buy" rating and set a $20.00 target price on shares of Harmonic in a research report on Thursday, August 13th. Jefferies Financial Group reissued a "hold" rating and set a $15.00 target price on shares of Harmonic in a research report on Tuesday, May 12th. Finally, Northland Securities set a $17.00 price target on shares of Harmonic in a research note on Thursday, August 13th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $17.50.

Harmonic Stock Down 1.3%

HLIT opened at $12.56 on Thursday. Harmonic Inc. has a 12 month low of $8.47 and a 12 month high of $17.68. The company has a market cap of $1.37 billion, a PE ratio of -29.90 and a beta of 1.32. The company has a current ratio of 3.05, a quick ratio of 2.56 and a debt-to-equity ratio of 0.30. The company has a 50 day moving average of $13.27 and a 200 day moving average of $11.87.

Harmonic (NASDAQ:HLIT - Get Free Report) last issued its earnings results on Wednesday, August 12th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.07. The business had revenue of $133.46 million for 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 quarter in the previous year, the firm posted $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, sell-side analysts expect that Harmonic Inc. will post 0.48 EPS for the current year.

Harmonic 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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