Tudor Investment Corp ET AL Increases Stake in Harmonic Inc. $HLIT

Tudor Investment Corp ET AL lifted its position in Harmonic Inc. (NASDAQ:HLIT) by 18.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,013,492 shares of the communications equipment provider’s stock after buying an additional 156,862 shares during the period. Tudor Investment Corp ET AL’s holdings in Harmonic were worth $10,317,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in 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 valued at $630,000 after purchasing an additional 2,853 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Harmonic by 9.7% in the 1st 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% in the 1st 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 period. Legal & General Group Plc boosted its stake in shares of Harmonic by 1.5% during the second quarter. Legal & General Group Plc now owns 317,650 shares of the communications equipment provider’s stock valued at $3,008,000 after purchasing an additional 4,708 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in Harmonic by 6.8% during the second quarter. Rhumbline Advisers now owns 329,372 shares of the communications equipment provider’s stock valued at $3,119,000 after buying an additional 21,047 shares during the period. 99.38% of the stock is owned by hedge funds and other institutional investors.

Harmonic Price Performance

Shares of Harmonic stock opened at $9.20 on Monday. The company has a quick ratio of 2.26, a current ratio of 2.50 and a debt-to-equity ratio of 0.28. The company has a market cap of $1.01 billion, a P/E ratio of -23.59 and a beta of 1.10. The firm’s 50 day moving average price is $9.86 and its 200-day moving average price is $10.00. Harmonic Inc. has a 52-week low of $7.80 and a 52-week high of $12.18.

Harmonic (NASDAQ:HLIT) last posted its earnings results on Thursday, February 19th. The communications equipment provider reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). The firm had revenue of ($53.02) million for the quarter, compared to analysts’ expectations of $140.98 million. Harmonic had a negative net margin of 7.59% and a positive return on equity of 5.91%. The company’s revenue was down 42.6% on a year-over-year basis. During the same period in the previous year, the company earned $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 predict that Harmonic Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HLIT. Weiss Ratings downgraded shares of Harmonic from a “hold (c)” rating to a “sell (d)” rating in a research note on Friday, March 6th. Needham & Company LLC increased their target price on Harmonic from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Rosenblatt Securities reissued a “buy” rating and issued a $16.00 price target on shares of Harmonic in a research report on Friday, March 27th. Finally, Northland Securities set a $14.00 price objective on Harmonic in a research note on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $14.50.

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.