Leeward Investments LLC MA Sells 95,076 Shares of Harmonic Inc. $HLIT

Leeward Investments LLC MA cut its holdings in shares of Harmonic Inc. (NASDAQ:HLIT) by 5.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,569,991 shares of the communications equipment provider’s stock after selling 95,076 shares during the quarter. Leeward Investments LLC MA owned approximately 1.44% of Harmonic worth $16,579,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in HLIT. Squarepoint Ops LLC grew its position in shares of Harmonic by 486.9% during the second quarter. Squarepoint Ops LLC now owns 344,782 shares of the communications equipment provider’s stock worth $5,630,000 after buying an additional 286,038 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Harmonic in the second quarter worth $1,818,000. BlackRock Inc. bought a new stake in shares of Harmonic in the second quarter worth $294,012,000. Lisanti Capital Growth LLC acquired a new stake in Harmonic in the second quarter valued at $2,327,000. Finally, Legal & General Group Plc acquired a new stake in Harmonic in the second quarter valued at $3,991,000. 99.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on HLIT. Wall Street Zen downgraded shares of Harmonic from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Zacks Research downgraded shares of Harmonic from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. Rosenblatt Securities reissued a “buy” rating and issued a $20.00 target price on shares of Harmonic in a research report on Thursday, October 1st. Needham & Company LLC restated a “buy” rating on shares of Harmonic in a research note on Thursday, August 13th. Finally, Weiss Ratings raised shares of Harmonic from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Harmonic currently has a consensus rating of “Hold” and a consensus target price of $17.50.

Harmonic Price Performance

Shares of NASDAQ HLIT opened at $10.05 on Monday. Harmonic Inc. has a twelve month low of $8.47 and a twelve month high of $17.68. 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 company has a market capitalization of $1.10 billion, a price-to-earnings ratio of -23.93 and a beta of 1.34. The business has a 50 day simple moving average of $11.37 and a 200-day simple moving average of $12.35.

Harmonic (NASDAQ:HLIT) last posted its quarterly earnings results on Wednesday, August 12th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.07. Harmonic had a positive return on equity of 10.91% and a negative net margin of 8.50%. The business had revenue of $133.46 million for the quarter, compared to analyst estimates of $120.89 million. During the same period in the prior year, the company posted $0.09 EPS. The business’s revenue 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, equities research analysts expect that Harmonic Inc. will post 0.53 earnings per share for the current 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.