Jupiter Topco LLC Takes $725,000 Position in Harmonic Inc. $HLIT

Jupiter Topco LLC purchased a new position in Harmonic Inc. (NASDAQ:HLIT) during the second quarter, HoldingsChannel reports. The firm purchased 44,438 shares of the communications equipment provider’s stock, valued at approximately $725,000.

A number of other hedge funds also recently bought and sold shares of HLIT. Vanguard Group Inc. raised its holdings 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 worth $118,907,000 after buying an additional 148,281 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Harmonic by 120.7% during the first quarter. Renaissance Technologies LLC now owns 1,052,927 shares of the communications equipment provider’s stock valued at $9,455,000 after buying an additional 575,800 shares during the last quarter. Lisanti Capital Growth LLC bought a new stake in shares of Harmonic during the second quarter valued at approximately $2,327,000. BlackRock Inc. bought a new stake in shares of Harmonic during the second quarter valued at approximately $294,012,000. Finally, Deutsche Bank AG purchased a new position in Harmonic in the 2nd quarter worth approximately $1,937,000. Institutional investors own 99.38% of the company’s stock.

Harmonic Stock Performance

Shares of NASDAQ:HLIT opened at $11.78 on Monday. The stock’s 50-day simple moving average is $12.60 and its two-hundred day simple moving average is $12.04. 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 52-week low of $8.47 and a 52-week high of $17.68. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.56 and a current ratio of 3.05.

Harmonic (NASDAQ:HLIT) last released its quarterly earnings results on Wednesday, August 12th. The communications equipment provider reported $0.24 EPS for the quarter, beating the consensus estimate of $0.17 by $0.07. Harmonic had a negative net margin of 8.50% and a positive return on equity of 10.91%. The firm had revenue of $133.46 million during the quarter, compared to analyst estimates of $120.89 million. During the same quarter in the prior year, the firm earned $0.09 EPS. The business’s revenue for the quarter was up 53.5% compared to the same quarter last year. Harmonic has set its Q3 2026 guidance at 0.150-0.190 EPS and its FY 2026 guidance at 0.670-0.750 EPS. Analysts expect that Harmonic Inc. will post 0.53 EPS for the current year.

Analyst Upgrades and Downgrades

HLIT has been the topic of several recent analyst reports. Needham & Company LLC reiterated a “buy” rating on shares of Harmonic in a research note on Thursday, August 13th. Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 price target on shares of Harmonic in a report on Thursday, August 13th. Zacks Research cut Harmonic from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. Jefferies Financial Group reiterated a “hold” rating and issued a $15.00 price objective on shares of Harmonic in a report on Tuesday, May 12th. Finally, Northland Securities set a $17.00 target price on Harmonic in a research report on Thursday, August 13th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Harmonic presently has an average rating of “Hold” and a consensus target price of $17.50.

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.