Tudor Investment Corp ET AL Increases Stock Position in Harmonic Inc. $HLIT

Key Points

• Tudor Investment Corp ET AL increased its stake in Harmonic by 18.3% to 1,013,492 shares (about 0.90% of the company), boosting its holding to roughly $10.3 million, while institutional investors and hedge funds own about 99.38% of the stock.
• Harmonic posted an earnings miss (EPS $0.06 vs. $0.10 expected) and revenue fell 42.6% year‑over‑year, resulting in a negative net margin, though management set FY2026 EPS guidance of 0.460–0.630; analysts are mixed with a consensus "Hold" and a $14.50 target.
• Shares opened at $9.00 (12‑month range $7.80–$12.18) with a market capitalization near $992 million, and analyst ratings split (two Buy, one Hold, two Sell).

Tudor Investment Corp ET AL lifted its holdings in shares of Harmonic Inc. (NASDAQ:HLIT - Free Report) by 18.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,013,492 shares of the communications equipment provider's stock after purchasing an additional 156,862 shares during the period. Tudor Investment Corp ET AL owned about 0.90% of Harmonic worth $10,317,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Northland Securities set a $14.00 price target on Harmonic in a report on Friday, February 20th. Needham & Company LLC upped their target price on Harmonic from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Friday, February 20th. Rosenblatt Securities raised their price target on Harmonic from $14.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday, February 20th. Finally, Weiss Ratings cut Harmonic from a "hold (c)" rating to a "sell (d)" rating in a report on Friday, March 6th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $14.50.

Harmonic Trading Down 2.8%

NASDAQ:HLIT opened at $9.00 on Monday. Harmonic Inc. has a 12 month low of $7.80 and a 12 month high of $12.18. The business's 50-day moving average is $10.05 and its two-hundred day moving average is $10.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 2.26. The firm has a market capitalization of $992.16 million, a PE ratio of -23.08 and a beta of 1.04.

Harmonic (NASDAQ:HLIT - Get Free Report) last announced its earnings results on Thursday, February 19th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.04). The business had revenue of ($53.02) million for the quarter, compared to analysts' expectations of $140.98 million. Harmonic had a positive return on equity of 5.91% and a negative net margin of 7.59%.The firm's revenue was down 42.6% compared to the same quarter last year. During the same period in the previous year, the firm 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. Research analysts predict that Harmonic Inc. will post 0.31 earnings per share for the current fiscal 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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