Harmonic Inc. $HLIT is Silverberg Bernstein Capital Management LLC’s 3rd Largest Position

Silverberg Bernstein Capital Management LLC grew its holdings in Harmonic Inc. (NASDAQ:HLIT) by 34.5% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,121,298 shares of the communications equipment provider’s stock after buying an additional 287,519 shares during the period. Harmonic accounts for approximately 7.3% of Silverberg Bernstein Capital Management LLC’s portfolio, making the stock its 3rd largest position. Silverberg Bernstein Capital Management LLC owned about 0.99% of Harmonic worth $10,619,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC grew its position in Harmonic by 132.6% during the first quarter. CWM LLC now owns 7,119 shares of the communications equipment provider’s stock worth $68,000 after buying an additional 4,058 shares during the period. Drive Wealth Management LLC acquired a new position in Harmonic during the first quarter worth about $111,000. Cresset Asset Management LLC grew its position in Harmonic by 16.5% during the first quarter. Cresset Asset Management LLC now owns 11,721 shares of the communications equipment provider’s stock worth $112,000 after buying an additional 1,660 shares during the period. Virtu Financial LLC acquired a new position in Harmonic during the first quarter worth about $114,000. Finally, Mackenzie Financial Corp acquired a new position in Harmonic during the first quarter worth about $132,000. 99.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Barclays lowered their target price on shares of Harmonic from $10.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 29th. Wolfe Research initiated coverage on shares of Harmonic in a report on Tuesday, July 8th. They issued an “underperform” rating on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $11.00 price target on shares of Harmonic in a report on Tuesday, July 29th. Wall Street Zen downgraded shares of Harmonic from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Needham & Company LLC reduced their price target on shares of Harmonic from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, July 29th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $11.67.

Harmonic Stock Up 0.9%

Shares of NASDAQ HLIT opened at $10.00 on Tuesday. Harmonic Inc. has a 1 year low of $7.80 and a 1 year high of $15.46. The firm’s 50 day moving average price is $9.24 and its 200 day moving average price is $9.34. The firm has a market cap of $1.14 billion, a P/E ratio of 16.95 and a beta of 1.01. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.58 and a current ratio of 1.99.

Harmonic (NASDAQ:HLIT) last announced its earnings results on Monday, July 28th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. Harmonic had a net margin of 9.96% and a return on equity of 17.83%. The firm had revenue of $138.03 million for the quarter, compared to analyst estimates of $134.90 million. During the same quarter last year, the business earned $0.08 earnings per share. Harmonic’s revenue was down .5% compared to the same quarter last year. Harmonic has set its Q3 2025 guidance at 0.020-0.070 EPS. As a group, sell-side analysts anticipate that Harmonic Inc. will post 0.31 earnings per share for the current year.

Harmonic Profile

Harmonic Inc, together with its subsidiaries, provides broadband solutions worldwide. The company operates through Broadband and Video segments. The Broadband segment sells broadband access solutions and related services, including cOS software-based broadband access solutions to broadband operators; and cOS central cloud services, a subscription service for cOS customers.