Harmonic Inc. $HLIT Holdings Boosted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its position in Harmonic Inc. (NASDAQ:HLIT) by 186.5% during the third quarter, Holdings Channel.com reports. The firm owned 120,289 shares of the communications equipment provider’s stock after buying an additional 78,300 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Harmonic were worth $1,270,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Squarepoint Ops LLC lifted its stake in shares of Harmonic by 486.9% in the second quarter. Squarepoint Ops LLC now owns 344,782 shares of the communications equipment provider’s stock valued at $5,630,000 after buying an additional 286,038 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Harmonic during the second quarter valued at about $1,818,000. BlackRock Inc. bought a new stake in shares of Harmonic during the second quarter worth about $294,012,000. Lisanti Capital Growth LLC bought a new stake in shares of Harmonic during the second quarter worth about $2,327,000. Finally, Legal & General Group Plc bought a new stake in shares of Harmonic during the second quarter worth about $3,991,000. Institutional investors and hedge funds own 99.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Northland Securities set a $17.00 target price on shares of Harmonic in a report on Thursday, August 13th. Wall Street Zen downgraded Harmonic from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Zacks Research downgraded Harmonic from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Raymond James Financial reissued an “outperform” rating and set a $19.00 price objective on shares of Harmonic in a report on Thursday, August 13th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $20.00 price objective on shares of Harmonic in a research note on Thursday, October 1st. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $17.50.

Harmonic Price Performance

Shares of NASDAQ:HLIT opened at $10.20 on Tuesday. The company has a current ratio of 3.05, a quick ratio of 2.56 and a debt-to-equity ratio of 0.30. The stock’s fifty day simple moving average is $11.34 and its two-hundred day simple moving average is $11.55. Harmonic Inc. has a 1-year low of $8.47 and a 1-year high of $17.68. The stock has a market cap of $1.11 billion, a PE ratio of -24.29 and a beta of 1.34.

Harmonic (NASDAQ:HLIT) last posted its quarterly earnings data on Wednesday, August 12th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $120.89 million. During the same period in the previous 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. As a group, analysts forecast that Harmonic Inc. will post 0.53 EPS for the current fiscal year.

About Harmonic

Harmonic Inc (NASDAQ: HLIT) develops broadband access and video-delivery technologies for communications service providers, content providers and broadcasters. Its solutions help operators deliver high-speed internet, television and streaming services across cable, fiber and other network infrastructures.

The company’s broadband portfolio includes its CableOS platform, a software-based solution designed to support virtualized broadband access networks, along with technologies for DOCSIS, fiber and hybrid fiber-coaxial networks.