Insider Buying: Harmonic (NASDAQ:HLIT) Director Acquires $499,044.00 in Stock

Harmonic Inc. (NASDAQ:HLIT) Director David Krall bought 47,528 shares of Harmonic stock in a transaction that occurred on Thursday, December 11th. The stock was purchased at an average cost of $10.50 per share, for a total transaction of $499,044.00. Following the purchase, the director owned 223,125 shares of the company’s stock, valued at $2,342,812.50. The trade was a 27.07% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Harmonic Trading Down 0.9%

Shares of HLIT stock opened at $10.33 on Thursday. The company has a quick ratio of 1.64, a current ratio of 2.08 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.16 billion, a P/E ratio of 24.59 and a beta of 1.06. The business has a 50-day moving average price of $10.02 and a two-hundred day moving average price of $9.65. Harmonic Inc. has a 12-month low of $7.80 and a 12-month high of $13.75.

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

Institutional Investors Weigh In On Harmonic

A number of large investors have recently added to or reduced their stakes in HLIT. Tudor Investment Corp ET AL raised its stake in shares of Harmonic by 18.3% during the third quarter. Tudor Investment Corp ET AL now owns 1,013,492 shares of the communications equipment provider’s stock valued at $10,317,000 after acquiring an additional 156,862 shares during the last quarter. Connors Investor Services Inc. bought a new position in Harmonic during the 3rd quarter valued at approximately $240,000. CIBC Bancorp USA Inc. purchased a new stake in Harmonic in the 3rd quarter worth approximately $122,000. Dark Forest Capital Management LP lifted its holdings in Harmonic by 82.7% in the 3rd quarter. Dark Forest Capital Management LP now owns 292,764 shares of the communications equipment provider’s stock worth $2,980,000 after buying an additional 132,487 shares during the period. Finally, Alyeska Investment Group L.P. grew its position in shares of Harmonic by 9.5% in the 3rd quarter. Alyeska Investment Group L.P. now owns 2,013,804 shares of the communications equipment provider’s stock worth $20,501,000 after buying an additional 174,203 shares during the last quarter. Institutional investors own 99.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Harmonic in a research note on Tuesday, December 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of Harmonic in a research note on Wednesday, October 8th. Barclays upped their price target on shares of Harmonic from $8.00 to $11.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 5th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $14.00 price objective on shares of Harmonic in a report on Tuesday, December 9th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $13.13.

Harmonic Company 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.