Dean Capital Management Sells 83,825 Shares of Harmonic Inc. $HLIT

Dean Capital Management cut its position in Harmonic Inc. (NASDAQ:HLIT) by 49.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,210 shares of the communications equipment provider’s stock after selling 83,825 shares during the quarter. Dean Capital Management owned about 0.08% of Harmonic worth $888,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in Harmonic by 1.2% in the third quarter. Dimensional Fund Advisors LP now owns 3,461,043 shares of the communications equipment provider’s stock valued at $35,232,000 after acquiring an additional 42,280 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Harmonic by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 2,779,080 shares of the communications equipment provider’s stock valued at $26,321,000 after purchasing an additional 20,774 shares during the period. Alliancebernstein L.P. lifted its stake in Harmonic by 2.9% in the 3rd quarter. Alliancebernstein L.P. now owns 2,406,945 shares of the communications equipment provider’s stock valued at $24,503,000 after purchasing an additional 68,921 shares during the last quarter. Marshall Wace LLP lifted its stake in Harmonic by 10.8% in the 3rd quarter. Marshall Wace LLP now owns 2,132,625 shares of the communications equipment provider’s stock valued at $21,710,000 after purchasing an additional 207,476 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its holdings in Harmonic by 37.1% during the second quarter. Qube Research & Technologies Ltd now owns 1,371,746 shares of the communications equipment provider’s stock worth $12,990,000 after purchasing an additional 371,302 shares during the period. 99.38% of the stock is currently owned by institutional investors and hedge funds.

Harmonic Stock Down 0.6%

Shares of HLIT opened at $9.31 on Monday. The firm has a market cap of $1.03 billion, a P/E ratio of -23.87 and a beta of 1.04. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.26 and a current ratio of 2.50. Harmonic Inc. has a 52 week low of $7.80 and a 52 week high of $12.18. The firm’s 50-day simple moving average is $10.10 and its 200 day simple moving average is $10.06.

Harmonic (NASDAQ:HLIT) last issued its quarterly earnings data on Thursday, February 19th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.04). Harmonic had a positive return on equity of 5.91% and a negative net margin of 7.59%.The company had revenue of ($53.02) million for the quarter, compared to analyst estimates of $140.98 million. During the same quarter last year, the business earned $0.45 earnings per share. The company’s revenue was down 42.6% on a year-over-year basis. Harmonic has set its FY 2026 guidance at 0.460-0.630 EPS and its Q1 2026 guidance at 0.110-0.120 EPS. On average, analysts forecast that Harmonic Inc. will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HLIT. Rosenblatt Securities boosted their price target on Harmonic from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Northland Securities set a $14.00 target price on Harmonic in a research note on Friday, February 20th. Needham & Company LLC boosted their target price on Harmonic from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Finally, Weiss Ratings lowered Harmonic from a “hold (c)” rating to a “sell (d)” rating in a report on Friday, March 6th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Harmonic currently has an average rating of “Hold” and a consensus target price of $14.50.

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.