Silverberg Bernstein Capital Management LLC Purchases 125,795 Shares of Harmonic Inc. $HLIT

Silverberg Bernstein Capital Management LLC increased its position in shares of Harmonic Inc. (NASDAQ:HLIT) by 11.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,247,093 shares of the communications equipment provider’s stock after purchasing an additional 125,795 shares during the period. Harmonic makes up approximately 7.7% of Silverberg Bernstein Capital Management LLC’s portfolio, making the stock its 3rd largest position. Silverberg Bernstein Capital Management LLC’s holdings in Harmonic were worth $12,695,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. boosted its holdings in Harmonic by 310.1% in the 1st quarter. Alyeska Investment Group L.P. now owns 3,077,776 shares of the communications equipment provider’s stock valued at $29,516,000 after purchasing an additional 2,327,272 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Harmonic by 112.8% in the second quarter. Marshall Wace LLP now owns 1,925,149 shares of the communications equipment provider’s stock valued at $18,231,000 after buying an additional 1,020,431 shares in the last quarter. Nuveen LLC acquired a new position in Harmonic during the first quarter worth $8,621,000. Hillsdale Investment Management Inc. acquired a new position in Harmonic during the second quarter worth $5,432,000. Finally, Lazard Asset Management LLC lifted its holdings in Harmonic by 249.1% in the second quarter. Lazard Asset Management LLC now owns 718,996 shares of the communications equipment provider’s stock valued at $6,808,000 after acquiring an additional 513,022 shares during the period. Institutional investors and hedge funds own 99.38% of the company’s stock.

Insider Buying and Selling

In related news, Director David Krall acquired 47,528 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were acquired at an average price of $10.50 per share, with a total value of $499,044.00. Following the completion of the purchase, the director directly owned 223,125 shares in the company, valued at approximately $2,342,812.50. The trade was a 27.07% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Neven Haltmayer sold 23,835 shares of Harmonic 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 sale, the senior vice president owned 149,570 shares of the company’s stock, valued at approximately $1,557,023.70. This trade represents a 13.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.21% of the stock is currently owned by corporate insiders.

Harmonic Price Performance

Shares of NASDAQ HLIT opened at $10.33 on Thursday. The company has a current ratio of 2.08, a quick ratio of 1.64 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average price is $10.02 and its 200 day moving average price is $9.65. Harmonic Inc. has a 52 week low of $7.80 and a 52 week high of $13.75. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 24.59 and a beta of 1.06.

Harmonic (NASDAQ:HLIT) last announced its quarterly earnings results on Monday, November 3rd. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.07. The company had revenue of $142.38 million for the quarter, compared to the consensus estimate of $127.94 million. Harmonic had a net margin of 7.81% and a return on equity of 13.70%. The company’s revenue for the quarter was down 27.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.26 earnings per share. Harmonic has set its Q4 2025 guidance at 0.060-0.120 EPS. As a group, research analysts forecast that Harmonic Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HLIT. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price target on shares of Harmonic in a research note on Tuesday, December 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Harmonic in a research report on Wednesday, October 8th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $14.00 target price on shares of Harmonic in a report on Tuesday, December 9th. Finally, Barclays boosted their price target on Harmonic from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 5th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $13.13.

About Harmonic

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.