Pacer Advisors Inc. Has $5.55 Million Position in Harmonic Inc. $HLIT

Pacer Advisors Inc. cut its holdings in shares of Harmonic Inc. (NASDAQ:HLIT) by 21.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 544,806 shares of the communications equipment provider’s stock after selling 152,837 shares during the quarter. Pacer Advisors Inc. owned approximately 0.48% of Harmonic worth $5,546,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Inspire Investing LLC raised its holdings in Harmonic by 9.6% during the third quarter. Inspire Investing LLC now owns 44,805 shares of the communications equipment provider’s stock worth $456,000 after acquiring an additional 3,928 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Harmonic during the 3rd quarter worth approximately $1,236,000. Fiduciary Financial Group LLC bought a new stake in shares of Harmonic during the 3rd quarter worth approximately $350,000. Voya Investment Management LLC raised its stake in shares of Harmonic by 13.9% during the 3rd quarter. Voya Investment Management LLC now owns 122,473 shares of the communications equipment provider’s stock worth $1,247,000 after purchasing an additional 14,983 shares in the last quarter. Finally, Silverberg Bernstein Capital Management LLC boosted its holdings in shares of Harmonic by 11.2% in the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 1,247,093 shares of the communications equipment provider’s stock valued at $12,695,000 after buying an additional 125,795 shares during the last quarter. Institutional investors own 99.38% of the company’s stock.

Insiders Place Their Bets

In other Harmonic news, Director David Krall purchased 47,528 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were acquired at an average cost of $10.50 per share, for a total transaction of $499,044.00. Following the completion of the purchase, the director owned 223,125 shares of the company’s stock, valued at approximately $2,342,812.50. The trade was a 27.07% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Neven Haltmayer sold 23,835 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $10.41, for a total transaction of $248,122.35. Following the transaction, the senior vice president directly owned 149,570 shares in the company, valued at approximately $1,557,023.70. This represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $14.00 price target on shares of Harmonic in a research report on Tuesday, December 9th. Needham & Company LLC restated a “buy” rating and set a $15.00 price objective on shares of Harmonic in a research note on Tuesday, December 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Harmonic in a research note on Wednesday, October 8th. Finally, Barclays lifted their price target on Harmonic from $8.00 to $11.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 5th. Three 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.13.

Harmonic Stock Performance

Shares of HLIT stock opened at $9.99 on Tuesday. Harmonic Inc. has a 52 week low of $7.80 and a 52 week high of $13.68. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 23.79 and a beta of 1.07. The company has a 50-day simple moving average of $10.00 and a 200 day simple moving average of $9.69. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.64 and a current ratio of 2.08.

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

Harmonic 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.