Brokerages Set Harmonic Inc. (NASDAQ:HLIT) Target Price at $13.13

by · The Cerbat Gem

Shares of Harmonic Inc. (NASDAQ:HLIT – Get Free Report) have been given a consensus rating of “Hold” by the seven brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $13.1250.

Several research analysts recently weighed in on HLIT shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Harmonic in a research note on Wednesday, October 8th. Barclays upped their price target on shares of Harmonic from $8.00 to $11.00 and gave the company an “equal weight” rating in a report on Wednesday, November 5th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Harmonic in a research note on Tuesday, November 4th. Finally, Needham & Company LLC boosted their target price on shares of Harmonic from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th.

Read Our Latest Analysis on Harmonic

Institutional Investors Weigh In On Harmonic

A number of institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC boosted its stake in shares of Harmonic by 132.6% during the 1st quarter. CWM LLC now owns 7,119 shares of the communications equipment provider’s stock worth $68,000 after acquiring an additional 4,058 shares in the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of Harmonic during the first quarter worth $189,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Harmonic in the 1st quarter valued at $233,000. Royce & Associates LP increased its stake in Harmonic by 13.1% in the 1st quarter. Royce & Associates LP now owns 690,849 shares of the communications equipment provider’s stock worth $6,625,000 after purchasing an additional 80,000 shares in the last quarter. Finally, Drive Wealth Management LLC acquired a new stake in Harmonic during the 1st quarter worth about $111,000. Institutional investors and hedge funds own 99.38% of the company’s stock.

Harmonic Price Performance

NASDAQ HLIT opened at $9.56 on Monday. Harmonic has a 12 month low of $7.80 and a 12 month high of $13.75. The firm has a market capitalization of $1.07 billion, a PE ratio of 16.20 and a beta of 1.04. The company’s 50 day simple moving average is $10.07 and its 200 day simple moving average is $9.57. 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 (NASDAQ:HLIT – Get Free Report) last released its earnings results on Monday, November 3rd. The communications equipment provider reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.07. Harmonic had a return on equity of 17.83% and a net margin of 9.96%.The firm had revenue of $142.38 million during the quarter, compared to the consensus estimate of $127.94 million. During the same period in the prior year, the firm posted $0.26 earnings per share. The firm’s revenue for the quarter was down 27.3% compared to the same quarter last year. Harmonic has set its Q4 2025 guidance at 0.060-0.120 EPS. As a group, equities research analysts forecast that Harmonic will post 0.31 EPS for the current fiscal year.

Harmonic Company Profile

(Get Free Report)

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.

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