FirstWave Capital Management LLC Purchases Shares of 84,874 Harmonic Inc. $HLIT

FirstWave Capital Management LLC acquired a new position in shares of Harmonic Inc. (NASDAQ:HLIT) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 84,874 shares of the communications equipment provider’s stock, valued at approximately $1,386,000. FirstWave Capital Management LLC owned about 0.08% of Harmonic as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Harmonic in the 2nd quarter worth about $294,012,000. Vanguard Group Inc. raised its position in Harmonic by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 12,022,963 shares of the communications equipment provider’s stock valued at $118,907,000 after purchasing an additional 148,281 shares during the period. State Street Corp boosted its holdings in Harmonic by 1.8% in the 4th quarter. State Street Corp now owns 4,471,187 shares of the communications equipment provider’s stock worth $44,220,000 after acquiring an additional 80,791 shares during the period. Dimensional Fund Advisors LP grew its holdings in Harmonic by 5.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,673,398 shares of the communications equipment provider’s stock valued at $32,987,000 after purchasing an additional 188,293 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Harmonic by 2.9% during the third quarter. Alliancebernstein L.P. now owns 2,406,945 shares of the communications equipment provider’s stock worth $24,503,000 after acquiring an additional 68,921 shares during the last quarter. Institutional investors and hedge funds own 99.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $20.00 price target on shares of Harmonic in a research note on Thursday, August 13th. Barclays upped their price target on Harmonic from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th. Jefferies Financial Group restated a “hold” rating and set a $15.00 price objective on shares of Harmonic in a research note on Tuesday, May 12th. Wall Street Zen lowered shares of Harmonic from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Finally, Weiss Ratings cut shares of Harmonic from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 20th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $17.50.

Harmonic Stock Performance

HLIT stock opened at $11.78 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.56 and a current ratio of 3.05. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -28.05 and a beta of 1.32. Harmonic Inc. has a 1 year low of $8.47 and a 1 year high of $17.68. The stock’s fifty day moving average is $12.60 and its two-hundred day moving average is $12.03.

Harmonic (NASDAQ:HLIT) last announced its quarterly earnings results on Wednesday, August 12th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.07. The company had revenue of $133.46 million during the quarter, compared to the consensus estimate of $120.89 million. Harmonic had a negative net margin of 8.50% and a positive return on equity of 10.91%. The company’s revenue for the quarter was up 53.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 earnings per share. 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, research analysts predict that Harmonic Inc. will post 0.53 EPS for the current 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.