Harmonic (NASDAQ:HLIT) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Harmonic Inc. (NASDAQ:HLIT) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.79 and traded as high as $10.43. Harmonic shares last traded at $10.27, with a volume of 833,545 shares changing hands.

Analysts Set New Price Targets

HLIT has been the topic of a number of recent research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $14.00 price target on shares of Harmonic in a research note on Tuesday, December 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Harmonic in a research report on Thursday. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target on shares of Harmonic in a research report on Tuesday, December 9th. Finally, Barclays boosted their price objective on Harmonic from $8.00 to $11.00 and gave the stock 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 issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $13.13.

Harmonic Stock Performance

The firm has a market cap of $1.15 billion, a PE ratio of 24.45 and a beta of 1.04. The business has a 50 day simple moving average of $9.92 and a two-hundred day simple moving average of $9.79. The company has a quick ratio of 1.64, a current ratio of 2.08 and a debt-to-equity ratio of 0.27.

Harmonic (NASDAQ:HLIT) last issued its earnings results on Monday, November 3rd. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.07. The firm had revenue of $142.38 million during the quarter, compared to analyst estimates of $127.94 million. Harmonic had a net margin of 7.81% and a return on equity of 13.70%. The business’s revenue was down 27.3% on a year-over-year basis. During the same period 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. As a group, equities research analysts forecast that Harmonic Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Neven Haltmayer sold 23,835 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $10.41, for a total value of $248,122.35. Following the transaction, the senior vice president owned 149,570 shares of the company’s stock, valued at $1,557,023.70. This represents a 13.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Krall acquired 47,528 shares of Harmonic stock in a transaction on Thursday, December 11th. The shares were purchased at an average price of $10.50 per share, for a total transaction of $499,044.00. Following the completion of the acquisition, the director directly owned 223,125 shares in the company, valued at $2,342,812.50. This trade represents a 27.07% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 1.21% of the company’s stock.

Hedge Funds Weigh In On Harmonic

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. iSAM Funds UK Ltd bought a new stake in shares of Harmonic in the third quarter valued at about $49,000. McIlrath & Eck LLC bought a new position in Harmonic during the 3rd quarter worth about $57,000. KBC Group NV increased its position in Harmonic by 130.7% during the 4th quarter. KBC Group NV now owns 7,476 shares of the communications equipment provider’s stock valued at $74,000 after purchasing an additional 4,236 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Harmonic by 23,297.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 9,359 shares of the communications equipment provider’s stock valued at $95,000 after purchasing an additional 9,319 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new stake in shares of Harmonic in the 3rd quarter worth approximately $115,000. Institutional investors own 99.38% of the company’s stock.

About Harmonic

Harmonic Inc (NASDAQ:HLIT) is a leading provider of video delivery infrastructure that enables service providers, broadcasters and content owners to capture, process and distribute high‐quality video across broadcast, cable, satellite and IP networks. The company’s portfolio spans real‐time video compression solutions, including encoders and transcoders, as well as storage and server products designed for live production, playout and streaming on any device.

Harmonic’s product lines include cable edge QAM modules and set‐top video processing platforms for traditional pay‐TV operators, alongside cloud‐native software for over‐the‐top (OTT) delivery, origin servers and content delivery network (CDN) services.