Neven Haltmayer Sells 6,165 Shares of Harmonic (NASDAQ:HLIT) Stock

by · The Cerbat Gem

Harmonic Inc. (NASDAQ:HLIT – Get Free Report) SVP Neven Haltmayer sold 6,165 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $10.61, for a total transaction of $65,410.65. Following the completion of the sale, the senior vice president owned 173,405 shares in the company, valued at $1,839,827.05. This represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

  • On Monday, December 15th, Neven Haltmayer sold 23,835 shares of Harmonic stock. The stock was sold at an average price of $10.41, for a total transaction of $248,122.35.

Harmonic Trading Down 0.4%

NASDAQ:HLIT opened at $10.42 on Wednesday. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 24.81 and a beta of 1.06. Harmonic Inc. has a 52 week low of $7.80 and a 52 week high of $13.75. The company has a quick ratio of 1.64, a current ratio of 2.08 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average of $10.02 and a 200 day moving average of $9.65.

Harmonic (NASDAQ:HLIT – Get Free Report) last issued its quarterly earnings results on Monday, November 3rd. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.07. Harmonic had a return on equity of 13.70% and a net margin of 7.81%.The business had revenue of $142.38 million for 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 business’s quarterly revenue was down 27.3% on a year-over-year basis. Harmonic has set its Q4 2025 guidance at 0.060-0.120 EPS. As a group, sell-side analysts anticipate that Harmonic Inc. will post 0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HLIT has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Harmonic in a research note on Wednesday, October 8th. Barclays upped their price objective 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. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 target price on shares of Harmonic in a research note on Tuesday, December 9th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $14.00 target price on shares of Harmonic in a research report on Tuesday, December 9th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Harmonic presently has an average rating of “Hold” and an average price target of $13.13.

View Our Latest Report on HLIT

Institutional Investors Weigh In On Harmonic

A number of large investors have recently bought and sold shares of the company. Inspire Investing LLC raised its position in Harmonic by 181.7% during the first quarter. Inspire Investing LLC now owns 84,930 shares of the communications equipment provider’s stock valued at $814,000 after acquiring an additional 54,776 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Harmonic during the 2nd quarter worth approximately $415,000. Voya Investment Management LLC increased its holdings in shares of Harmonic by 44.7% during the 1st quarter. Voya Investment Management LLC now owns 98,457 shares of the communications equipment provider’s stock valued at $944,000 after purchasing an additional 30,398 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Harmonic in the 1st quarter valued at $728,000. Finally, Y Intercept Hong Kong Ltd boosted its holdings 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 worth $3,057,000 after buying an additional 215,335 shares in the last quarter. Hedge funds and other institutional investors own 99.38% of the company’s stock.

About Harmonic

(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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