Vanguard Group Inc. Purchases 411,443 Shares of Harmonic Inc. $HLIT

Key Points

• Vanguard Group Inc. increased its stake in Harmonic Inc. by 3.7%, owning approximately 11.47 million shares valued at $110.04 million as of the end of the latest quarter.
• Research firms have mixed opinions on Harmonic's stock, with ratings ranging from "buy" to "underperform," and a new consensus target price of $11.67.
• Harmonic reported a quarterly EPS of $0.09, exceeding expectations, and provided guidance of $0.020-$0.070 EPS for Q3 2025.

Vanguard Group Inc. increased its stake in shares of Harmonic Inc. (NASDAQ:HLIT - Free Report) by 3.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,474,771 shares of the communications equipment provider's stock after buying an additional 411,443 shares during the quarter. Vanguard Group Inc. owned about 10.10% of Harmonic worth $110,043,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Millennium Management LLC raised its position in shares of Harmonic by 9,004.4% in the fourth quarter. Millennium Management LLC now owns 4,719,837 shares of the communications equipment provider's stock worth $62,443,000 after acquiring an additional 4,667,996 shares during the period. Northern Trust Corp grew its stake in Harmonic by 13.3% during the 4th quarter. Northern Trust Corp now owns 1,252,837 shares of the communications equipment provider's stock valued at $16,575,000 after acquiring an additional 147,274 shares in the last quarter. Systematic Financial Management LP grew its stake in shares of Harmonic by 0.8% in the 4th quarter. Systematic Financial Management LP now owns 1,116,611 shares of the communications equipment provider's stock valued at $14,773,000 after buying an additional 8,943 shares during the period. Silverberg Bernstein Capital Management LLC grew its stake in shares of Harmonic by 6.5% in the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 833,779 shares of the communications equipment provider's stock valued at $7,996,000 after buying an additional 50,652 shares during the period. Finally, Tudor Investment Corp ET AL lifted its holdings in shares of Harmonic by 198.2% in the 4th quarter. Tudor Investment Corp ET AL now owns 797,176 shares of the communications equipment provider's stock worth $10,547,000 after acquiring an additional 529,833 shares during the last quarter. 99.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on HLIT. Rosenblatt Securities reissued a "buy" rating and issued a $11.00 price objective on shares of Harmonic in a research report on Tuesday, July 29th. Barclays reduced their target price on shares of Harmonic from $10.00 to $8.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 29th. Wolfe Research started coverage on shares of Harmonic in a research report on Tuesday, July 8th. They set an "underperform" rating on the stock. Needham & Company LLC reduced their price target on shares of Harmonic from $14.00 to $12.00 and set a "buy" rating for the company in a research report on Tuesday, July 29th. Finally, Wall Street Zen cut shares of Harmonic from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $11.67.

Harmonic Trading Up 0.4%

Shares of HLIT traded up $0.04 during midday trading on Wednesday, hitting $9.46. The stock had a trading volume of 606,686 shares, compared to its average volume of 1,173,816. The business has a 50-day simple moving average of $9.13 and a two-hundred day simple moving average of $9.39. The firm has a market cap of $1.08 billion, a P/E ratio of 16.03 and a beta of 1.00. Harmonic Inc. has a fifty-two week low of $7.80 and a fifty-two week high of $15.46. The company has a current ratio of 1.99, a quick ratio of 1.58 and a debt-to-equity ratio of 0.27.

Harmonic (NASDAQ:HLIT - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The communications equipment provider reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.06. Harmonic had a net margin of 9.96% and a return on equity of 17.83%. The company had revenue of $138.03 million for the quarter, compared to analyst estimates of $134.90 million. During the same quarter last year, the firm posted $0.08 earnings per share. The company's quarterly revenue was down .5% compared to the same quarter last year. Harmonic has set its Q3 2025 guidance at 0.020-0.070 EPS. As a group, equities analysts forecast that Harmonic Inc. will post 0.31 EPS for the current year.

Harmonic Company Profile

Harmonic Inc, together with its subsidiaries, provides broadband solutions worldwide. The company operates through Broadband and Video segments. The Broadband segment sells broadband access solutions and related services, including cOS software-based broadband access solutions to broadband operators; and cOS central cloud services, a subscription service for cOS customers.