Harmonic (NASDAQ:HLIT) Hits New 1-Year High Following Analyst Upgrade

Shares of Harmonic Inc. (NASDAQ:HLIT) hit a new 52-week high during trading on Friday after Needham & Company LLC raised their price target on the stock from $15.00 to $17.00. Needham & Company LLC currently has a buy rating on the stock. Harmonic traded as high as $12.18 and last traded at $11.2720, with a volume of 398759 shares. The stock had previously closed at $10.73.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Harmonic in a report on Thursday, January 22nd. Barclays raised their price objective on Harmonic from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 5th. Finally, Rosenblatt Securities raised their target price on shares of Harmonic from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Harmonic has an average rating of “Hold” and an average target price of $14.67.

Insiders Place Their Bets

In related news, SVP Neven Haltmayer sold 23,835 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $10.41, for a total value of $248,122.35. Following the sale, the senior vice president directly owned 149,570 shares in the company, valued at approximately $1,557,023.70. The trade was a 13.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Krall acquired 47,528 shares of Harmonic stock in a transaction 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 in the company, valued at approximately $2,342,812.50. The trade was a 27.07% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.21% of the stock is currently owned by corporate insiders.

Harmonic News Roundup

Here are the key news stories impacting Harmonic this week:

• Positive Sentiment: Two firms raised price targets and reiterated buy ratings — Rosenblatt lifted its target to $16 and Needham to $17, signaling strong analyst conviction and a sizable implied upside versus the current price. Benzinga: Analyst Upgrades
• Positive Sentiment: Customer win: izzi (Mexico’s largest MSO) selected Harmonic’s cOS virtualized broadband platform for fiber expansion — a commercial validation that should support future broadband bookings and revenue growth. izzi Accelerates Strategic Fiber Broadband Expansion with Harmonic
• Positive Sentiment: Company reported record quarterly Broadband bookings and said the previously announced sale of its Video business is proceeding as planned — positive for strategic focus and potential balance-sheet proceeds. Harmonic Announces Fourth-Quarter and Fiscal 2025 Results
• Neutral Sentiment: Full Q4 earnings call transcript is available for details on management commentary and investor Q&A (useful for digging into drivers behind bookings, margin outlook, and the Video sale). Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Market/Sentiment note: an RS rating upgrade was reported (minor sentiment boost). MSN: RS Rating Upgrade
• Negative Sentiment: Revenue shortfall and guidance mismatch: Q4 revenue fell ~42.6% year-over-year to ~ $98.2M (well below Street estimates) and company Q1 and FY2026 revenue guidance ($100–105M Q1; $440–480M FY) is materially below consensus — a key reason for downward pressure despite some EPS beats and strong bookings in Broadband. Zacks: Q4 Earnings and Revenues Lag Estimates
• Negative Sentiment: Mixed headline EPS reads: some outlets show a modest beat (EPS ~$0.14 vs est $0.10) while others reported misses — the key takeaway is revenue weakness, not EPS, is the dominant market focus today. MarketBeat: Q4 Results and Conference Call
• Neutral Sentiment: Short-interest entry in the feed shows anomalous zero/NaN values and is not a reliable signal in this dataset. (No actionable short-squeeze indication from provided data.)

Institutional Trading of Harmonic

Several hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Harmonic by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,664 shares of the communications equipment provider’s stock worth $630,000 after acquiring an additional 2,853 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Harmonic by 9.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,538 shares of the communications equipment provider’s stock worth $3,390,000 after purchasing an additional 31,276 shares during the period. Jane Street Group LLC lifted its position in shares of Harmonic by 978.5% during the first quarter. Jane Street Group LLC now owns 247,480 shares of the communications equipment provider’s stock worth $2,373,000 after purchasing an additional 224,534 shares during the last quarter. CWM LLC lifted its position in shares of Harmonic by 277.7% during the second quarter. CWM LLC now owns 26,886 shares of the communications equipment provider’s stock worth $255,000 after purchasing an additional 19,767 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Harmonic during the second quarter valued at $937,000. 99.38% of the stock is currently owned by hedge funds and other institutional investors.

Harmonic Trading Up 3.0%

The stock has a market capitalization of $1.24 billion, a P/E ratio of 26.09 and a beta of 1.05. The stock’s fifty day moving average price is $10.11 and its 200 day moving average price is $9.93. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.08 and a quick ratio of 1.64.

Harmonic Company 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.