BlackRock Inc. Buys New Stake in Harmonic Inc. $HLIT

BlackRock Inc. acquired a new stake in shares of Harmonic Inc. (NASDAQ:HLIT) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 18,004,412 shares of the communications equipment provider’s stock, valued at approximately $294,012,000. BlackRock Inc. owned approximately 0.17% of Harmonic as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Harmonic by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,664 shares of the communications equipment provider’s stock valued at $630,000 after buying an additional 2,853 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Harmonic by 9.7% during 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 acquiring an additional 31,276 shares during the period. Jane Street Group LLC grew its position in Harmonic by 978.5% during the first quarter. Jane Street Group LLC now owns 247,480 shares of the communications equipment provider’s stock valued at $2,373,000 after purchasing an additional 224,534 shares in the last quarter. American Century Companies Inc. boosted its position in Harmonic by 239.3% during the second quarter. American Century Companies Inc. now owns 110,892 shares of the communications equipment provider’s stock valued at $1,050,000 after purchasing an additional 78,214 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Harmonic during the 2nd quarter valued at about $1,426,000. Institutional investors own 99.38% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on HLIT shares. Jefferies Financial Group reaffirmed a “hold” rating and issued a $15.00 price target on shares of Harmonic in a research report on Tuesday, May 12th. Raymond James Financial reiterated an “outperform” rating and issued a $19.00 target price on shares of Harmonic in a research note on Thursday, August 13th. Needham & Company LLC reaffirmed a “buy” rating on shares of Harmonic in a report on Thursday, August 13th. Barclays upped their price objective on shares of Harmonic from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th. Finally, Wall Street Zen lowered shares of Harmonic from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Harmonic currently has a consensus rating of “Hold” and an average price target of $17.50.

Harmonic Trading Up 1.1%

Shares of NASDAQ:HLIT opened at $12.44 on Thursday. The company’s 50-day moving average price is $13.02 and its two-hundred day moving average price is $11.96. Harmonic Inc. has a one year low of $8.47 and a one year high of $17.68. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.05 and a quick ratio of 2.56. The stock has a market capitalization of $1.36 billion, a PE ratio of -29.62 and a beta of 1.32.

Harmonic (NASDAQ:HLIT) last released its earnings results on Wednesday, August 12th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.07. The business had revenue of $133.46 million for the quarter, compared to the consensus estimate of $120.89 million. Harmonic had a positive return on equity of 10.91% and a negative net margin of 8.50%.Harmonic’s quarterly revenue was up 53.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 earnings per share. Harmonic has set its Q3 2026 guidance at 0.150-0.190 EPS and its FY 2026 guidance at 0.670-0.750 EPS. On average, equities analysts forecast that Harmonic Inc. will post 0.5 EPS for the current fiscal year.

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.