AlphaQuest LLC Purchases 112,172 Shares of Harmonic Inc. $HLIT

AlphaQuest LLC lifted its position in shares of Harmonic Inc. (NASDAQ:HLIT) by 405.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 139,858 shares of the communications equipment provider’s stock after acquiring an additional 112,172 shares during the period. AlphaQuest LLC’s holdings in Harmonic were worth $1,324,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Harmonic by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 11,474,771 shares of the communications equipment provider’s stock worth $110,043,000 after acquiring an additional 411,443 shares during the period. Invesco Ltd. boosted its stake in shares of Harmonic by 3.8% in the 1st quarter. Invesco Ltd. now owns 8,081,298 shares of the communications equipment provider’s stock valued at $77,500,000 after purchasing an additional 292,584 shares in the last quarter. Alyeska Investment Group L.P. boosted its stake in shares of Harmonic by 310.1% in the 1st quarter. Alyeska Investment Group L.P. now owns 3,077,776 shares of the communications equipment provider’s stock valued at $29,516,000 after purchasing an additional 2,327,272 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Harmonic by 21.9% in the 1st quarter. Alliancebernstein L.P. now owns 2,615,121 shares of the communications equipment provider’s stock valued at $25,079,000 after purchasing an additional 469,764 shares in the last quarter. Finally, Systematic Financial Management LP boosted its stake in shares of Harmonic by 1.9% in the 1st quarter. Systematic Financial Management LP now owns 1,137,980 shares of the communications equipment provider’s stock valued at $10,913,000 after purchasing an additional 21,369 shares in the last quarter. Institutional investors own 99.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HLIT shares. Needham & Company LLC reduced their price target on shares of Harmonic from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, July 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Harmonic in a research note on Wednesday, October 8th. Rosenblatt Securities raised their price target on shares of Harmonic from $11.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Wall Street Zen lowered shares of Harmonic from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Wolfe Research assumed coverage on shares of Harmonic in a report on Tuesday, July 8th. They issued an “underperform” rating for the company. Four research 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $12.17.

Harmonic Stock Up 0.5%

Shares of NASDAQ HLIT opened at $10.45 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.99 and a quick ratio of 1.58. Harmonic Inc. has a 1 year low of $7.80 and a 1 year high of $15.46. The company has a 50 day simple moving average of $9.97 and a 200 day simple moving average of $9.42. The firm has a market cap of $1.19 billion, a PE ratio of 17.71 and a beta of 1.01.

Harmonic (NASDAQ:HLIT) last issued its quarterly earnings results on Monday, July 28th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The firm had revenue of $138.03 million for the quarter, compared to the consensus estimate of $134.90 million. Harmonic had a net margin of 9.96% and a return on equity of 17.83%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.08 EPS. Harmonic has set its Q3 2025 guidance at 0.020-0.070 EPS. On average, research analysts forecast that Harmonic Inc. will post 0.31 EPS for the current year.

Harmonic Profile

Harmonic Inc, together with its subsidiaries, provides broadband solutions worldwide. The company operates through Broadband and Video segments. The Broadband segment sells broadband access solutions and related services, including cOS software-based broadband access solutions to broadband operators; and cOS central cloud services, a subscription service for cOS customers.