Harmonic Inc. (NASDAQ:HLIT) saw an uptick in trading volume on Tuesday . 1,303,624 shares changed hands during trading, an increase of 107% from the previous session’s volume of 629,474 shares.The stock last traded at $4.10 and had previously closed at $4.05.

Several brokerages recently commented on HLIT. ValuEngine raised shares of Harmonic from a “sell” rating to a “hold” rating in a research note on Friday. TheStreet cut shares of Harmonic from a “c-” rating to a “d+” rating in a research note on Wednesday, August 9th. Zacks Investment Research cut shares of Harmonic from a “buy” rating to a “hold” rating in a research note on Friday, October 6th. Jefferies Group reaffirmed a “hold” rating and set a $3.50 price objective on shares of Harmonic in a research note on Sunday, September 10th. Finally, Dougherty & Co reaffirmed a “buy” rating and set a $6.50 price objective on shares of Harmonic in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Harmonic currently has an average rating of “Hold” and an average price target of $5.06.

The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.99 and a current ratio of 1.20.

Harmonic (NASDAQ:HLIT) last announced its earnings results on Monday, October 30th. The communications equipment provider reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.07. Harmonic had a negative net margin of 22.02% and a negative return on equity of 13.06%. The business had revenue of $92.00 million during the quarter, compared to analyst estimates of $85.63 million. During the same period in the previous year, the business posted ($0.01) earnings per share. Harmonic’s revenue for the quarter was down 9.3% on a year-over-year basis. research analysts forecast that Harmonic Inc. will post -0.51 earnings per share for the current year.

In other Harmonic news, SVP Bart Spriester sold 8,004 shares of Harmonic stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $3.81, for a total transaction of $30,495.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Neven Haltmayer sold 8,311 shares of Harmonic stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $3.81, for a total transaction of $31,664.91. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,933 shares of company stock valued at $98,389. 5.53% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in Harmonic by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 6,629,442 shares of the communications equipment provider’s stock valued at $34,805,000 after purchasing an additional 58,240 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Harmonic by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 5,803,837 shares of the communications equipment provider’s stock worth $30,470,000 after acquiring an additional 203,002 shares during the last quarter. Epoch Investment Partners Inc. lifted its holdings in shares of Harmonic by 1.0% in the 2nd quarter. Epoch Investment Partners Inc. now owns 5,012,838 shares of the communications equipment provider’s stock worth $26,317,000 after acquiring an additional 52,062 shares during the last quarter. State Street Corp lifted its holdings in shares of Harmonic by 7.0% in the 2nd quarter. State Street Corp now owns 1,961,470 shares of the communications equipment provider’s stock worth $10,303,000 after acquiring an additional 129,086 shares during the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of Harmonic by 3.0% in the 3rd quarter. Royce & Associates LP now owns 1,205,499 shares of the communications equipment provider’s stock worth $3,677,000 after acquiring an additional 35,000 shares during the last quarter. Institutional investors and hedge funds own 96.00% of the company’s stock.

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About Harmonic

Harmonic Inc (Harmonic) designs, manufactures and sells video infrastructure products, and system solutions. The Company has two segments: Video and Cable Edge. Harmonic provides technical support and professional services to its customers around the world. The Video segment sells video processing and production, and playout solutions and services to broadcast and media companies, streaming media companies, cable operators, and satellite and telecommunications (telco), and pay television (TV) service providers.

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