Stephanie Copeland Sells 4,300 Shares of Harmonic (NASDAQ:HLIT) Stock

Harmonic Inc. (NASDAQ:HLIT) Director Stephanie Copeland sold 4,300 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $13.30, for a total value of $57,190.00. Following the completion of the sale, the director directly owned 20,752 shares in the company, valued at $276,001.60. This trade represents a 17.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Harmonic Stock Down 1.4%

Shares of HLIT stock opened at $12.30 on Wednesday. Harmonic Inc. has a 12 month low of $7.80 and a 12 month high of $15.39. The company has a quick ratio of 2.03, a current ratio of 2.27 and a debt-to-equity ratio of 0.31. The firm has a market cap of $1.33 billion, a PE ratio of -33.24 and a beta of 1.24. The stock has a 50 day moving average of $10.37 and a 200-day moving average of $10.17.

Harmonic (NASDAQ:HLIT) last announced 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 7.84% and a negative net margin of 7.50%.The company had revenue of ($53.02) million during the quarter, compared to analyst estimates of $140.98 million. During the same quarter in the previous year, the business posted $0.45 EPS. 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, equities analysts predict that Harmonic Inc. will post 0.35 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on HLIT shares. Wall Street Zen raised shares of Harmonic from a “hold” rating to a “strong-buy” rating in a research report on Saturday. Needham & Company LLC boosted their price target on Harmonic from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Barclays upped their price target on Harmonic from $11.00 to $15.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Rosenblatt Securities raised their price objective on Harmonic from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Finally, Northland Securities set a $15.00 price objective on Harmonic in a report on Tuesday, May 12th. Two investment 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $16.60.

Institutional Trading of Harmonic

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Harmonic by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 12,022,963 shares of the communications equipment provider’s stock worth $118,907,000 after acquiring an additional 148,281 shares in the last quarter. State Street Corp boosted its stake in shares of Harmonic by 1.8% in the 4th quarter. State Street Corp now owns 4,471,187 shares of the communications equipment provider’s stock valued at $44,220,000 after purchasing an additional 80,791 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Harmonic by 5.4% in 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. Alliancebernstein L.P. grew its holdings in shares of Harmonic by 2.9% in the 3rd quarter. Alliancebernstein L.P. now owns 2,406,945 shares of the communications equipment provider’s stock worth $24,503,000 after purchasing an additional 68,921 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Harmonic by 2.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,196,469 shares of the communications equipment provider’s stock worth $19,724,000 after purchasing an additional 54,157 shares during the last quarter. Institutional investors and hedge funds own 99.38% of the company’s stock.

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.