Clearline Capital LP Acquires 195,298 Shares of Harmonic Inc. $HLIT

Clearline Capital LP lifted its holdings in Harmonic Inc. (NASDAQ:HLIT) by 32.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 795,076 shares of the communications equipment provider’s stock after purchasing an additional 195,298 shares during the period. Clearline Capital LP’s holdings in Harmonic were worth $8,094,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC acquired a new position in Harmonic during the third quarter worth $1,236,000. Ellsworth Advisors LLC acquired a new stake in shares of Harmonic in the third quarter worth about $5,104,000. Silverberg Bernstein Capital Management LLC boosted its stake in shares of Harmonic by 11.2% during the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 1,247,093 shares of the communications equipment provider’s stock worth $12,695,000 after acquiring an additional 125,795 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Harmonic during the 2nd quarter worth about $412,000. Finally, Inspire Advisors LLC acquired a new position in shares of Harmonic during the 3rd quarter valued at about $2,455,000. 99.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HLIT shares. Weiss Ratings downgraded Harmonic from a “hold (c)” rating to a “sell (d)” rating in a research note on Friday, March 6th. Northland Securities set a $14.00 price target on Harmonic in a report on Friday, February 20th. Rosenblatt Securities lifted their price target on shares of Harmonic from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Finally, Needham & Company LLC boosted their price objective on shares of Harmonic from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $14.50.

Insider Activity at Harmonic

In other news, SVP Neven Haltmayer sold 23,835 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $10.41, for a total value of $248,122.35. Following the completion of the sale, the senior vice president directly owned 149,570 shares of the company’s stock, valued at approximately $1,557,023.70. This represents a 13.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.21% of the stock is currently owned by company insiders.

Harmonic Trading Down 0.6%

Harmonic stock opened at $9.31 on Friday. Harmonic Inc. has a 52 week low of $7.80 and a 52 week high of $12.18. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.26 and a current ratio of 2.50. The firm has a market capitalization of $1.03 billion, a PE ratio of -23.87 and a beta of 1.04. The business’s 50-day simple moving average is $10.10 and its 200-day simple moving average is $10.06.

Harmonic (NASDAQ:HLIT) last announced its earnings results on Thursday, February 19th. The communications equipment provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.04). The business had revenue of ($53.02) million for the quarter, compared to the consensus estimate of $140.98 million. Harmonic had a negative net margin of 7.59% and a positive return on equity of 5.91%. Harmonic’s revenue for the quarter was down 42.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.45 EPS. Harmonic has set its FY 2026 guidance at 0.460-0.630 EPS and its Q1 2026 guidance at 0.110-0.120 EPS. Equities research analysts forecast that Harmonic Inc. will post 0.31 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.