Quantbot Technologies LP Purchases New Shares in Harmonic Inc. $HLIT

Quantbot Technologies LP acquired a new stake in shares of Harmonic Inc. (NASDAQ:HLIT) during the second quarter, HoldingsChannel reports. The fund acquired 104,447 shares of the communications equipment provider’s stock, valued at approximately $1,706,000.

A number of other hedge funds have also added to or reduced their stakes in HLIT. Ieq Capital LLC bought a new stake in shares of Harmonic during the 2nd quarter valued at about $174,000. Lisanti Capital Growth LLC purchased a new position in shares of Harmonic during the second quarter valued at about $2,327,000. BlackRock Inc. bought a new position in Harmonic in the second quarter worth about $294,012,000. Deutsche Bank AG bought a new position in Harmonic in the second quarter worth about $1,937,000. Finally, Global Retirement Partners LLC purchased a new stake in Harmonic in the second quarter worth about $105,000. 99.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Barclays lifted their price objective on Harmonic from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th. Weiss Ratings cut Harmonic from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday. Wall Street Zen lowered Harmonic from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $20.00 price target on shares of Harmonic in a research note on Thursday, August 13th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $19.00 price objective on shares of Harmonic in a report on Thursday, August 13th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Harmonic has an average rating of “Hold” and an average target price of $17.50.

Harmonic Trading Down 3.7%

NASDAQ:HLIT opened at $12.01 on Tuesday. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of -28.60 and a beta of 1.32. The company has a quick ratio of 2.56, a current ratio of 3.05 and a debt-to-equity ratio of 0.30. The company’s 50 day moving average price is $13.12 and its 200-day moving average price is $11.92. Harmonic Inc. has a 52 week low of $8.47 and a 52 week high of $17.68.

Harmonic (NASDAQ:HLIT) last announced its quarterly earnings data on Wednesday, August 12th. The communications equipment provider reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.07. The company had revenue of $133.46 million during the quarter, compared to analyst estimates of $120.89 million. Harmonic had a negative net margin of 8.50% and a positive return on equity of 10.91%. The firm’s revenue for the quarter was up 53.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.09 EPS. 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 research analysts forecast that Harmonic Inc. will post 0.5 earnings per share for the current fiscal year.

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.