Harmonic Inc. $HLIT Shares Sold by Trigran Investments Inc.

Trigran Investments Inc. trimmed its stake in shares of Harmonic Inc. (NASDAQ:HLIT) by 12.2% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 3,592,994 shares of the communications equipment provider’s stock after selling 498,674 shares during the quarter. Harmonic comprises about 5.9% of Trigran Investments Inc.’s portfolio, making the stock its 10th biggest holding. Trigran Investments Inc. owned approximately 3.16% of Harmonic worth $34,026,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Cresset Asset Management LLC raised its stake in Harmonic by 16.5% in the first quarter. Cresset Asset Management LLC now owns 11,721 shares of the communications equipment provider’s stock valued at $112,000 after purchasing an additional 1,660 shares in the last quarter. Significant Wealth Partners LLC bought a new position in Harmonic in the 2nd quarter valued at about $112,000. Virtu Financial LLC acquired a new position in shares of Harmonic in the 1st quarter valued at approximately $114,000. Pallas Capital Advisors LLC bought a new stake in shares of Harmonic during the 2nd quarter worth approximately $116,000. Finally, Mackenzie Financial Corp bought a new stake in shares of Harmonic during the 1st quarter worth approximately $132,000. Institutional investors own 99.38% of the company’s stock.

Harmonic Stock Down 1.8%

Shares of NASDAQ:HLIT opened at $9.58 on Friday. Harmonic Inc. has a 52-week low of $7.80 and a 52-week high of $13.75. The company has a market capitalization of $1.08 billion, a PE ratio of 22.81 and a beta of 1.06. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.64 and a current ratio of 2.08. The company has a fifty day moving average of $10.03 and a 200-day moving average of $9.57.

Harmonic (NASDAQ:HLIT) last issued its quarterly earnings data on Monday, November 3rd. The communications equipment provider reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.07. Harmonic had a return on equity of 13.70% and a net margin of 7.81%.The business had revenue of $142.38 million for the quarter, compared to analyst estimates of $127.94 million. During the same quarter in the previous year, the company posted $0.26 EPS. Harmonic’s quarterly revenue 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, equities analysts predict that Harmonic Inc. will post 0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Barclays lifted their price objective on shares of Harmonic from $8.00 to $11.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Harmonic in a research note on Wednesday, October 8th. Rosenblatt Securities reissued a “buy” rating and set a $14.00 price target on shares of Harmonic in a report on Tuesday, November 4th. Finally, Needham & Company LLC raised their price objective on Harmonic from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Harmonic has a consensus rating of “Hold” and a consensus price target of $13.13.

Harmonic Profile

Harmonic Inc, together with its subsidiaries, provides broadband solutions worldwide. The company operates through Broadband and Video segments. The Broadband segment sells broadband access solutions and related services, including cOS software-based broadband access solutions to broadband operators; and cOS central cloud services, a subscription service for cOS customers.