83,651 Shares in Harmonic Inc. $HLIT Bought by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new stake in Harmonic Inc. (NASDAQ:HLIT) during the 2nd quarter, Holdings Channel reports. The fund acquired 83,651 shares of the communications equipment provider’s stock, valued at approximately $1,360,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Harmonic by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,664 shares of the communications equipment provider’s stock worth $630,000 after acquiring an additional 2,853 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Harmonic by 9.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,538 shares of the communications equipment provider’s stock valued at $3,390,000 after purchasing an additional 31,276 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Harmonic by 978.5% during the 1st quarter. Jane Street Group LLC now owns 247,480 shares of the communications equipment provider’s stock valued at $2,373,000 after purchasing an additional 224,534 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Harmonic by 239.3% during the 2nd quarter. American Century Companies Inc. now owns 110,892 shares of the communications equipment provider’s stock valued at $1,050,000 after purchasing an additional 78,214 shares during the last quarter. Finally, Norges Bank acquired a new position in Harmonic during the 2nd quarter worth approximately $1,426,000. Institutional investors own 99.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HLIT. Wall Street Zen downgraded shares of Harmonic from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Raymond James Financial reaffirmed an “outperform” rating and set a $19.00 target price on shares of Harmonic in a research note on Thursday, August 13th. Northland Securities set a $17.00 price target on shares of Harmonic in a report on Thursday, August 13th. Jefferies Financial Group reiterated a “hold” rating and issued a $15.00 price target on shares of Harmonic in a research note on Tuesday, May 12th. Finally, Barclays raised their price objective on Harmonic from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Harmonic presently has an average rating of “Hold” and an average target price of $17.50.

Harmonic Stock Performance

NASDAQ:HLIT opened at $11.98 on Tuesday. The stock’s 50-day moving average is $12.84 and its 200-day moving average is $12.00. Harmonic Inc. has a 1-year low of $8.47 and a 1-year high of $17.68. The company has a current ratio of 3.05, a quick ratio of 2.56 and a debt-to-equity ratio of 0.30. The stock has a market cap of $1.31 billion, a P/E ratio of -28.52 and a beta of 1.32.

Harmonic (NASDAQ:HLIT) last issued its quarterly earnings data on Wednesday, August 12th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.07. Harmonic had a negative net margin of 8.50% and a positive return on equity of 10.91%. The business had revenue of $133.46 million during the quarter, compared to analyst estimates of $120.89 million. During the same quarter last year, the business earned $0.09 EPS. The firm’s quarterly revenue was up 53.5% on a year-over-year basis. Harmonic has set its Q3 2026 guidance at 0.150-0.190 EPS and its FY 2026 guidance at 0.670-0.750 EPS. Equities research analysts anticipate that Harmonic Inc. will post 0.5 earnings per share for the current year.

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.