Harmonic (NASDAQ:HLIT) SVP Neven Haltmayer Sells 23,835 Shares

Harmonic Inc. (NASDAQ:HLIT) SVP Neven Haltmayer sold 23,835 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $10.41, for a total transaction of $248,122.35. Following the sale, the senior vice president directly owned 149,570 shares of the company’s stock, valued at approximately $1,557,023.70. The trade was a 13.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Neven Haltmayer also recently made the following trade(s):

• On Friday, December 12th, Neven Haltmayer sold 6,165 shares of Harmonic stock. The shares were sold at an average price of $10.61, for a total transaction of $65,410.65.

Harmonic Stock Performance

Shares of HLIT opened at $10.46 on Tuesday. The firm has a market capitalization of $1.17 billion, a P/E ratio of 24.91 and a beta of 1.07. Harmonic Inc. has a 52 week low of $7.80 and a 52 week high of $13.75. The stock has a 50 day moving average price of $10.02 and a two-hundred day moving average price of $9.64. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.64 and a current ratio of 2.08.

Harmonic (NASDAQ:HLIT) last announced its earnings results on Monday, November 3rd. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.07. The company had revenue of $142.38 million for the quarter, compared to analysts’ expectations of $127.94 million. Harmonic had a return on equity of 13.70% and a net margin of 7.81%.Harmonic’s quarterly revenue was down 27.3% on a year-over-year basis. During the same quarter in the previous year, the firm 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.

Institutional Investors Weigh In On Harmonic

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Inspire Investing LLC increased its stake in Harmonic by 181.7% in the 1st quarter. Inspire Investing LLC now owns 84,930 shares of the communications equipment provider’s stock worth $814,000 after acquiring an additional 54,776 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Harmonic during the 2nd quarter valued at about $415,000. Voya Investment Management LLC grew its holdings in shares of Harmonic by 44.7% during the first quarter. Voya Investment Management LLC now owns 98,457 shares of the communications equipment provider’s stock worth $944,000 after purchasing an additional 30,398 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Harmonic in the first quarter valued at approximately $728,000. Finally, Y Intercept Hong Kong Ltd lifted its position in Harmonic by 200.3% during the second quarter. Y Intercept Hong Kong Ltd now owns 322,826 shares of the communications equipment provider’s stock valued at $3,057,000 after purchasing an additional 215,335 shares during the last quarter. 99.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Rosenblatt Securities reissued a “buy” rating and set a $14.00 price target on shares of Harmonic in a research report on Tuesday, December 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price target on shares of Harmonic in a research report on Tuesday, December 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of Harmonic in a research report on Wednesday, October 8th. Finally, Barclays upped their price objective on Harmonic from $8.00 to $11.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 5th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $13.13.

Harmonic Company 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.