Campbell & CO Investment Adviser LLC Acquires New Position in Harmonic Inc. $HLIT

Campbell & CO Investment Adviser LLC bought a new position in Harmonic Inc. (NASDAQ:HLIT) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 43,485 shares of the communications equipment provider’s stock, valued at approximately $412,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Arizona State Retirement System increased its position in shares of Harmonic by 4.2% during the first quarter. Arizona State Retirement System now owns 33,392 shares of the communications equipment provider’s stock valued at $320,000 after acquiring an additional 1,344 shares in the last quarter. CWM LLC boosted its stake in Harmonic by 132.6% during the 1st quarter. CWM LLC now owns 7,119 shares of the communications equipment provider’s stock valued at $68,000 after purchasing an additional 4,058 shares during the last quarter. Edgestream Partners L.P. increased its holdings in shares of Harmonic by 14.1% in the 1st quarter. Edgestream Partners L.P. now owns 63,524 shares of the communications equipment provider’s stock worth $609,000 after purchasing an additional 7,846 shares in the last quarter. Bailard Inc. bought a new stake in shares of Harmonic in the 1st quarter worth $259,000. Finally, Allianz Asset Management GmbH purchased a new position in shares of Harmonic in the first quarter worth $189,000. Institutional investors own 99.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on HLIT. Barclays increased their price objective on Harmonic from $8.00 to $11.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 5th. Wall Street Zen downgraded shares of Harmonic from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Harmonic in a research report on Wednesday, October 8th. Rosenblatt Securities reissued a “buy” rating and set a $14.00 price target on shares of Harmonic in a report on Tuesday, November 4th. Finally, Needham & Company LLC raised their price target on Harmonic from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Harmonic presently has an average rating of “Hold” and an average target price of $13.13.

Harmonic Stock Performance

HLIT opened at $9.56 on Monday. Harmonic Inc. has a 1-year low of $7.80 and a 1-year high of $13.75. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.99 and a quick ratio of 1.58. The firm has a market cap of $1.07 billion, a P/E ratio of 16.20 and a beta of 1.04. The company has a 50 day simple moving average of $10.22 and a two-hundred day simple moving average of $9.57.

Harmonic (NASDAQ:HLIT) last announced its quarterly earnings data on Monday, November 3rd. The communications equipment provider reported $0.12 EPS for the quarter, beating the consensus estimate of $0.05 by $0.07. The business had revenue of $142.38 million for the quarter, compared to the consensus estimate of $127.94 million. Harmonic had a return on equity of 17.83% and a net margin of 9.96%.The business’s revenue was down 27.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 earnings per share. Harmonic has set its Q4 2025 guidance at 0.060-0.120 EPS. Equities analysts forecast that Harmonic Inc. will post 0.31 earnings per share for the current fiscal 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.