Analysts Set Harmonic Inc. (NASDAQ:HLIT) Target Price at $13.13

Harmonic Inc. (NASDAQ:HLIT) has received an average recommendation of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $13.1250.

Several brokerages recently weighed in on HLIT. Rosenblatt Securities reaffirmed a “buy” rating and issued a $14.00 target price on shares of Harmonic in a report on Tuesday, December 9th. Needham & Company LLC restated a “buy” rating and issued a $15.00 price objective on shares of Harmonic in a research report on Tuesday, December 9th. Barclays upped their price objective on Harmonic from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Harmonic in a research report on Wednesday, October 8th.

Harmonic Price Performance

NASDAQ HLIT opened at $10.22 on Tuesday. The company has a current ratio of 2.08, a quick ratio of 1.64 and a debt-to-equity ratio of 0.27. Harmonic has a 12 month low of $7.80 and a 12 month high of $12.79. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 24.33 and a beta of 1.04. The company’s 50 day moving average is $9.87 and its two-hundred day moving average is $9.77.

Harmonic (NASDAQ:HLIT) last posted its quarterly earnings results on Monday, November 3rd. The communications equipment provider reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.07. The business had revenue of $142.38 million during the quarter, compared to analyst estimates of $127.94 million. Harmonic had a net margin of 7.81% and a return on equity of 13.70%. The company’s revenue was down 27.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 earnings per share. Harmonic has set its Q4 2025 guidance at 0.060-0.120 EPS. As a group, research analysts anticipate that Harmonic will post 0.31 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Neven Haltmayer sold 23,835 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $10.41, for a total transaction of $248,122.35. Following the completion of the transaction, the senior vice president owned 149,570 shares in the company, valued at approximately $1,557,023.70. This represents a 13.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Krall bought 47,528 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were bought at an average cost of $10.50 per share, with a total value of $499,044.00. Following the completion of the purchase, the director directly owned 223,125 shares of the company’s stock, valued at $2,342,812.50. This represents a 27.07% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.21% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. iSAM Funds UK Ltd purchased a new position in shares of Harmonic during the third quarter valued at about $49,000. McIlrath & Eck LLC bought a new position in Harmonic during the third quarter valued at approximately $57,000. Russell Investments Group Ltd. boosted its stake in 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 valued at $95,000 after buying an additional 9,319 shares during the last quarter. Significant Wealth Partners LLC purchased a new position in Harmonic during the 2nd quarter valued at approximately $112,000. Finally, Franklin Resources Inc. bought a new stake in Harmonic in the 3rd quarter worth approximately $115,000. Institutional investors own 99.38% of the company’s stock.

Harmonic Company 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.