Tudor Investment Corp ET AL Buys 156,862 Shares of Harmonic Inc. $HLIT

Key Points

• Tudor Investment Corp ET AL increased its stake in Harmonic by 18.3%, buying 156,862 shares to hold 1,013,492 shares (about 0.90% of the company) valued at $10.317 million.
• Several other institutions (including Exchange Traded Concepts, Ellsworth Advisors, Silverberg Bernstein and Clearline Capital) also initiated or boosted positions, leaving institutional ownership at 99.38%.
• Harmonic recently missed quarterly estimates (EPS $0.06 vs. $0.10 expected) with revenue down 42.6%, but provided FY2026 guidance of $0.46–0.63 EPS; analysts are mixed with an average price target of $14.50 while the stock trades near $9.20 (market cap ≈ $1.01B).

Tudor Investment Corp ET AL boosted its position in shares of Harmonic Inc. (NASDAQ:HLIT - Free Report) by 18.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,013,492 shares of the communications equipment provider's stock after buying an additional 156,862 shares during the quarter. Tudor Investment Corp ET AL owned 0.90% of Harmonic worth $10,317,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Exchange Traded Concepts LLC purchased a new position in shares of Harmonic during the 3rd quarter worth about $1,236,000. Ellsworth Advisors LLC purchased a new stake in Harmonic in the 3rd quarter worth about $5,104,000. Silverberg Bernstein Capital Management LLC lifted its stake in Harmonic by 11.2% in the third quarter. Silverberg Bernstein Capital Management LLC now owns 1,247,093 shares of the communications equipment provider's stock worth $12,695,000 after purchasing an additional 125,795 shares during the last quarter. Inspire Advisors LLC bought a new stake in Harmonic in the third quarter worth about $2,455,000. Finally, Clearline Capital LP boosted its position in shares of Harmonic by 32.6% during the third quarter. Clearline Capital LP now owns 795,076 shares of the communications equipment provider's stock valued at $8,094,000 after buying an additional 195,298 shares during the period. Institutional investors own 99.38% of the company's stock.

Harmonic Price Performance

Shares of HLIT stock opened at $9.20 on Monday. The company has a market capitalization of $1.01 billion, a P/E ratio of -23.59 and a beta of 1.10. The company's 50-day simple moving average is $9.86 and its two-hundred day simple moving average is $10.00. Harmonic Inc. has a one year low of $7.80 and a one year high of $12.18. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 2.26.

Harmonic (NASDAQ:HLIT - Get Free Report) last posted its quarterly earnings results on Thursday, February 19th. The communications equipment provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.04). The company had revenue of ($53.02) million for 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 business's revenue was down 42.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 EPS. Harmonic has set its FY 2026 guidance at 0.460-0.630 EPS and its Q1 2026 guidance at 0.110-0.120 EPS. As a group, equities analysts anticipate that Harmonic Inc. will post 0.31 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HLIT. Weiss Ratings downgraded Harmonic from a "hold (c)" rating to a "sell (d)" rating in a report on Friday, March 6th. Northland Securities set a $14.00 price objective on Harmonic in a research report on Friday, February 20th. Rosenblatt Securities reiterated a "buy" rating and issued a $16.00 target price on shares of Harmonic in a research note on Friday, March 27th. Finally, Needham & Company LLC lifted their target price on Harmonic from $15.00 to $17.00 and gave the stock a "buy" rating in a research report on Friday, February 20th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Harmonic has an average rating of "Hold" and an average price target of $14.50.

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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