Insider Selling: Harmonic (NASDAQ:HLIT) Director Sells 4,300 Shares of Stock

Harmonic Inc. (NASDAQ:HLIT) Director Stephanie Copeland sold 4,300 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $13.30, for a total transaction of $57,190.00. Following the completion of the sale, the director directly owned 20,752 shares of the company’s stock, valued at approximately $276,001.60. This represents a 17.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Harmonic Trading Down 0.5%

NASDAQ:HLIT traded down $0.06 during trading hours on Monday, hitting $12.48. 1,652,660 shares of the stock were exchanged, compared to its average volume of 1,270,371. The company’s 50 day moving average is $10.26 and its two-hundred day moving average is $10.14. Harmonic Inc. has a twelve month low of $7.80 and a twelve month high of $15.39. The company has a quick ratio of 2.03, a current ratio of 2.27 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $1.35 billion, a P/E ratio of -33.73 and a beta of 1.24.

Harmonic (NASDAQ:HLIT) last posted its quarterly earnings data on Thursday, February 19th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.04). The firm had revenue of ($53.02) million for the quarter, compared to analyst estimates of $140.98 million. Harmonic had a positive return on equity of 7.84% and a negative net margin of 7.50%.The firm’s quarterly revenue was down 42.6% compared to the same quarter last year. During the same period in the prior year, the company posted $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. On average, sell-side analysts anticipate that Harmonic Inc. will post 0.35 earnings per share for the current fiscal year.

Institutional Trading of Harmonic

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Quantinno Capital Management LP grew its stake in shares of Harmonic by 17.7% in the first quarter. Quantinno Capital Management LP now owns 32,605 shares of the communications equipment provider’s stock valued at $293,000 after buying an additional 4,910 shares in the last quarter. Gateway Wealth Partners LLC bought a new stake in Harmonic during the 1st quarter worth $90,000. Renaissance Technologies LLC boosted its stake in shares of Harmonic by 120.7% during the first quarter. Renaissance Technologies LLC now owns 1,052,927 shares of the communications equipment provider’s stock valued at $9,455,000 after purchasing an additional 575,800 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Harmonic by 15.2% in the first quarter. Gamco Investors INC. ET AL now owns 32,091 shares of the communications equipment provider’s stock valued at $288,000 after buying an additional 4,242 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Harmonic in the first quarter valued at approximately $75,000. 99.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Needham & Company LLC increased their target price on Harmonic from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Jefferies Financial Group reiterated a “hold” rating and issued a $15.00 price target on shares of Harmonic in a research report on Tuesday, May 12th. Northland Securities set a $15.00 price objective on shares of Harmonic in a research note on Tuesday, May 12th. Rosenblatt Securities boosted their price objective on shares of Harmonic from $16.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, Barclays upped their target price on shares of Harmonic from $11.00 to $15.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $16.60.

About Harmonic

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.