Harmonic (NASDAQ:HLIT) Price Target Raised to $17.00

Harmonic (NASDAQ:HLIT) had its price target boosted by Needham & Company LLC from $15.00 to $17.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a buy rating on the communications equipment provider’s stock.

A number of other analysts have also recently commented on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Harmonic in a research report on Thursday, January 22nd. Barclays increased their price objective on Harmonic from $8.00 to $11.00 and gave the company an “equal weight” rating in a report on Wednesday, November 5th. Finally, Rosenblatt Securities lifted their target price on Harmonic from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Friday. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Harmonic presently has an average rating of “Hold” and a consensus price target of $14.50.

Harmonic Trading Up 1.6%

NASDAQ HLIT opened at $10.90 on Friday. The company has a fifty day simple moving average of $10.12 and a two-hundred day simple moving average of $9.96. The stock has a market cap of $1.22 billion, a P/E ratio of -27.95 and a beta of 1.05. Harmonic has a 12-month low of $7.80 and a 12-month high of $12.18. The company has a current ratio of 2.50, a quick ratio of 2.26 and a debt-to-equity ratio of 0.28.

Insider Activity

In related news, SVP Neven Haltmayer sold 23,835 shares of Harmonic stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $10.41, for a total transaction of $248,122.35. Following the completion of the transaction, the senior vice president directly owned 149,570 shares in the company, valued at approximately $1,557,023.70. This trade represents a 13.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Krall acquired 47,528 shares of the stock in a transaction on Thursday, December 11th. The stock was bought at an average price of $10.50 per share, for a total transaction of $499,044.00. Following the transaction, the director owned 223,125 shares in the company, valued at approximately $2,342,812.50. This represents a 27.07% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.21% of the stock is owned by company insiders.

Institutional Trading of Harmonic

Hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP increased its holdings in Harmonic by 112.8% in the second quarter. Marshall Wace LLP now owns 1,925,149 shares of the communications equipment provider’s stock valued at $18,231,000 after buying an additional 1,020,431 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Harmonic by 290.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 980,484 shares of the communications equipment provider’s stock valued at $9,981,000 after acquiring an additional 729,269 shares during the period. Walleye Capital LLC purchased a new position in shares of Harmonic in the 4th quarter valued at about $7,182,000. Hillsdale Investment Management Inc. acquired a new position in Harmonic in the 2nd quarter worth about $5,432,000. Finally, Lazard Asset Management LLC raised its holdings in Harmonic by 249.1% in the 2nd quarter. Lazard Asset Management LLC now owns 718,996 shares of the communications equipment provider’s stock worth $6,808,000 after purchasing an additional 513,022 shares during the period. 99.38% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Harmonic

Here are the key news stories impacting Harmonic this week:

• Positive Sentiment: izzi (largest MSO in Mexico) selected Harmonic’s cOS virtualized broadband platform for its fiber expansion — a tangible commercial win that validates Harmonic’s broadband push and supports future recurring bookings. izzi Accelerates Strategic Fiber Broadband Expansion with Harmonic
• Positive Sentiment: Analysts raised price targets and kept buy ratings — Rosenblatt lifted its target to $16 and Needham to $17, signaling strong upside expectations versus the current price and likely contributing to buying interest. Benzinga coverage of analyst updates
• Positive Sentiment: Company said Q4 record broadband bookings drove a 3.5 book-to-bill and confirmed the previously announced sale of its Video business is proceeding — supports management’s strategic refocus on broadband. Harmonic Announces Fourth Quarter and Fiscal 2025 Results
• Neutral Sentiment: Q4 earnings call transcripts and slide deck were released for investors looking for detail on margins, bookings and the Video sale timeline. Useful for deeper diligence but not new headline catalysts by themselves. Q4 results – presentation
• Neutral Sentiment: Data feeds show anomalous short-interest entries reporting zero shares/NaN — appears to be a reporting artifact and not an actionable signal. (Not a driver of today’s move.)
• Negative Sentiment: Top-line weakness: reported Q4 revenue (~$98.2M) missed consensus (~$141M) and was down ~42.6% YoY; company’s FY2026 and Q1 EPS guidance was raised but revenue guidance ($440M–$480M FY, $100M–$105M Q1) came in well below Street estimates — this mix raises near-term growth concerns. Harmonic Q4 Earnings and Revenues Lag Estimates

Harmonic Company Profile

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.