Vanguard Group Inc. Boosts Stock Position in 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. boosted its position in shares of Harmonic Inc. (NASDAQ:HLIT - Free Report) by 3.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,474,771 shares of the communications equipment provider's stock after buying an additional 411,443 shares during the period. Vanguard Group Inc. owned 10.10% of Harmonic worth $110,043,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in HLIT. Quarry LP acquired a new position in shares of Harmonic during the 4th quarter worth approximately $33,000. CWM LLC boosted its holdings in shares of Harmonic by 132.6% during the 1st quarter. CWM LLC now owns 7,119 shares of the communications equipment provider's stock worth $68,000 after purchasing an additional 4,058 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Harmonic by 5,388.1% during the 4th quarter. Russell Investments Group Ltd. now owns 5,543 shares of the communications equipment provider's stock worth $73,000 after purchasing an additional 5,442 shares during the last quarter. Drive Wealth Management LLC acquired a new position in shares of Harmonic during the 1st quarter worth approximately $111,000. Finally, Mackenzie Financial Corp acquired a new position in shares of Harmonic during the 1st quarter worth approximately $132,000. 99.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Barclays decreased their price objective on Harmonic from $10.00 to $8.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 29th. Wall Street Zen cut Harmonic from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Needham & Company LLC decreased their price objective on Harmonic from $14.00 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, July 29th. Wolfe Research assumed coverage on Harmonic in a report on Tuesday, July 8th. They issued an "underperform" rating on the stock. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $11.00 price objective on shares of Harmonic in a report on Tuesday, July 29th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $11.67.

Harmonic Stock Up 2.4%

Shares of Harmonic stock traded up $0.23 during trading hours on Thursday, reaching $9.72. 1,353,640 shares of the company were exchanged, compared to its average volume of 1,160,787. Harmonic Inc. has a 1 year low of $7.80 and a 1 year high of $15.46. The stock's fifty day moving average is $9.16 and its 200 day moving average is $9.38. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.58 and a current ratio of 1.99. The firm has a market cap of $1.11 billion, a PE ratio of 16.47 and a beta of 1.00.

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

Harmonic 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.