Harmonic Inc. $HLIT Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in shares of Harmonic Inc. (NASDAQ:HLIT) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,022,963 shares of the communications equipment provider’s stock after acquiring an additional 148,281 shares during the period. Vanguard Group Inc. owned approximately 0.11% of Harmonic worth $118,907,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership increased its holdings in Harmonic by 290.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 980,484 shares of the communications equipment provider’s stock valued at $9,981,000 after purchasing an additional 729,269 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of Harmonic by 249.1% during the second quarter. Lazard Asset Management LLC now owns 718,996 shares of the communications equipment provider’s stock worth $6,808,000 after purchasing an additional 513,022 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in Harmonic by 37.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,371,746 shares of the communications equipment provider’s stock worth $12,990,000 after buying an additional 371,302 shares during the period. AQR Capital Management LLC lifted its holdings in Harmonic by 99.5% during the 2nd quarter. AQR Capital Management LLC now owns 711,638 shares of the communications equipment provider’s stock worth $6,739,000 after buying an additional 354,845 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Harmonic by 77.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 576,338 shares of the communications equipment provider’s stock valued at $5,458,000 after buying an additional 250,965 shares during the period. 99.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HLIT. Northland Securities set a $15.00 price objective on Harmonic in a research note on Tuesday. Barclays increased their price target on Harmonic from $11.00 to $15.00 and gave the company an “equal weight” rating in a research report on Tuesday. Jefferies Financial Group reiterated a “hold” rating and issued a $15.00 price objective on shares of Harmonic in a research note on Tuesday. Needham & Company LLC boosted their price objective on Harmonic from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Rosenblatt Securities upped their target price on shares of Harmonic from $16.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $16.60.

Harmonic Stock Performance

Shares of HLIT stock opened at $12.95 on Wednesday. The company has a market cap of $1.40 billion, a P/E ratio of -35.00 and a beta of 1.24. The firm has a fifty day moving average price of $10.10 and a 200 day moving average price of $10.08. The company has a current ratio of 2.50, a quick ratio of 2.26 and a debt-to-equity ratio of 0.28. Harmonic Inc. has a 12 month low of $7.80 and a 12 month high of $15.39.

Harmonic (NASDAQ:HLIT) last announced its quarterly earnings results on Thursday, February 19th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). The business had revenue of ($53.02) million for the quarter, compared to analysts’ expectations of $140.98 million. Harmonic had a positive return on equity of 7.52% and a negative net margin of 7.50%.The firm’s quarterly revenue was down 42.6% on a year-over-year basis. During the same period last year, the firm earned $0.45 earnings per share. Harmonic has set its FY 2026 guidance at 0.460-0.630 EPS and its Q1 2026 guidance at 0.110-0.120 EPS. Sell-side analysts predict that Harmonic Inc. will post 0.35 earnings per share for the current fiscal year.

Key Harmonic News

Here are the key news stories impacting Harmonic this week:

• Positive Sentiment: Harmonic beat Q1 expectations, reporting EPS of $0.21 versus $0.12 expected and revenue of $121.69 million versus $102.21 million estimated, with sales up 43.4% year over year. Earnings report and transcript
• Positive Sentiment: The company also raised guidance for Q2 and full-year 2026 above Wall Street expectations, signaling confidence in continued growth. Premarket move article
• Positive Sentiment: Analysts turned more constructive after the results, with Needham raising its price target to $18 and Rosenblatt lifting its target to $20, both keeping bullish ratings. Needham and Rosenblatt target hikes
• Positive Sentiment: Investor sentiment was further supported by coverage highlighting strong broadband growth and the stock reaching a new 52-week high. 52-week high article
• Neutral Sentiment: Harmonic’s Q1 earnings call and transcript drew additional attention from investors as they looked for details on broadband demand, supply chain conditions, and the outlook. Earnings call transcript

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.