Harmonic Inc (HLIT)

• Market cap: $1.55B
• 1 day: 0.45%
• 5 days: 0.91%
• 1 month: 10.26%
• 3 months: -5.20%
• 6 months: 18.93%
• Year to date: 1.06%
• 1 year: 12.03%
• 5 years: 67.55%
• 10 years: 90.56%
• Sector: Communication Services
• Industry: Radio & TV Broadcasting & Communications Equipment

About: Harmonic Inc designs and manufactures video infrastructure products and system solutions to deliver video and broadband services to consumer devices. The firm operates in two segments: Video, which sells video processing, production, and playout solutions to cable operators and satellite and telecommunications providers; and Broadband which sells broadband access solutions and related services. Majority of the revenue generated from the company is from United States.

Employees: 948

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

248% more call options, than puts

Call options by funds: $4.49M | Put options by funds: $1.29M

70% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 27

15% more capital invested

Capital invested by funds: $1.36B [Q2] → $1.56B (+$201M) [Q3]

9% more funds holding

Funds holding: 204 [Q2] → 223 (+19) [Q3]

7% less repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 75

7.01% less ownership

Funds ownership: 98.86% [Q2] → 91.85% (-7.01%) [Q3]

33% less funds holding in top 10

Funds holding in top 10: 6 [Q2] → 4 (-2) [Q3]

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $12.50 6% downside
• Avg. target: $15.25 14% upside
• High target: $18 35% upside

6 analyst ratings

• positive: 5 83%
• neutral: 1 17%
• negative: 0 0%

Jefferies George Notter 86% 1-year accuracy 6 / 7 met price target	6% downside $12.50	Hold Downgraded	29 Oct 2024
Rosenblatt Steve Frankel 72% 1-year accuracy 21 / 29 met price target	20% upside $16	Buy Maintained	29 Oct 2024
Barclays Tim Long 54% 1-year accuracy 29 / 54 met price target	28% upside $17	Overweight Maintained	29 Oct 2024
Northland Capital Markets Tim Savageaux 58% 1-year accuracy 14 / 24 met price target	5% upside $14	Outperform Maintained	29 Oct 2024
Raymond James Simon Leopold 62% 1-year accuracy 13 / 21 met price target	5% upside $14	Outperform Downgraded	29 Oct 2024