Quantbot Technologies LP Acquires New Holdings in Harmonic Inc. $HLIT

Key Points

• Quantbot Technologies LP acquired 104,447 Harmonic shares worth approximately $1.7 million, joining other institutional investors in increasing exposure; institutions now own 99.38% of the stock.
• Harmonic reported quarterly EPS of $0.24 versus the $0.17 consensus estimate, while revenue rose 53.5% year over year to $133.46 million. The company guided for third-quarter EPS of $0.15–$0.19 and full-year EPS of $0.67–$0.75.
• HLIT shares opened at $12.01, down 3.7%, while analyst sentiment remained mixed with a consensus “Hold” rating and an average price target of $17.50.

Quantbot Technologies LP bought a new position in shares of Harmonic Inc. (NASDAQ:HLIT - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 104,447 shares of the communications equipment provider's stock, valued at approximately $1,706,000. Quantbot Technologies LP owned 0.10% of Harmonic at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. iSAM Funds UK Ltd bought a new position in Harmonic in the 3rd quarter valued at $49,000. Global Retirement Partners LLC increased its holdings in shares of Harmonic by 23,193.5% in the fourth quarter. Global Retirement Partners LLC now owns 7,221 shares of the communications equipment provider's stock worth $71,000 after purchasing an additional 7,190 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Harmonic in the first quarter worth $75,000. Royal Bank of Canada raised its position in shares of Harmonic by 64.6% in the fourth quarter. Royal Bank of Canada now owns 7,645 shares of the communications equipment provider's stock worth $75,000 after buying an additional 3,000 shares in the last quarter. Finally, Gateway Wealth Partners LLC bought a new stake in Harmonic during the first quarter valued at $90,000. 99.38% of the stock is currently owned by hedge funds and other institutional investors.

Harmonic Trading Down 3.7%

Shares of HLIT stock opened at $12.01 on Tuesday. The stock has a market capitalization of $1.31 billion, a PE ratio of -28.60 and a beta of 1.32. Harmonic Inc. has a 1-year low of $8.47 and a 1-year high of $17.68. The business has a 50-day moving average of $13.12 and a 200 day moving average of $11.92. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.05 and a quick ratio of 2.56.

Harmonic (NASDAQ:HLIT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The communications equipment provider reported $0.24 EPS for the quarter, topping 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 positive return on equity of 10.91% and a negative net margin of 8.50%.The business's quarterly revenue was up 53.5% on a year-over-year basis. During the same period in the previous year, the firm earned $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. As a group, sell-side analysts anticipate that Harmonic Inc. will post 0.5 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Zacks Research lowered Harmonic from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 24th. Barclays lifted their price target on Harmonic from $15.00 to $16.00 and gave the company an "equal weight" rating in a research report on Thursday, August 13th. Raymond James Financial reissued an "outperform" rating and set a $19.00 price objective on shares of Harmonic in a report on Thursday, August 13th. Needham & Company LLC restated a "buy" rating on shares of Harmonic in a research report on Thursday, August 13th. Finally, Northland Securities set a $17.00 target price on shares of Harmonic in a research note on Thursday, August 13th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $17.50.

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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