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Held by 236 of 5,944 reporting institutions (93th percentile) — extremely crowded.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Ranked against 743 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TSM | $11.16T | — | — | — | — | — | — | — | — | — | 3,121 |
| NVDA | $5.33T | 44.8× | 40.0× | 24.7× | 65.5% | 71.1% | 55.6% | 76.3% | 72.4% | 0.1× | 5,582 |
| AAPL | $4.98T | 45.2× | 34.8× | 12.0× | 6.4% | 46.9% | 26.9% | 152% | 68.1% | 0.6× | 5,858 |
| MSFT | $3.70T | 27.7× | 19.6× | 11.1× | 17.8% | 67.9% | 40.3% | 30.2% | 27.7% | 0.2× | 5,944 |
| AVGO | $1.65T | 72.8× | 65.1× | 25.8× | 23.9% | 67.8% | 36.2% | 28.4% | 15.8% | 2.5× | 4,442 |
| MU | $1.10T | 128.8× | 60.7× | 29.3× | 48.9% | 39.8% | 22.8% | 15.8% | 12.9% | 0.7× | 2,894 |
| AMD | $888.5B | 205.7× | 210.2× | 25.6× | 34.3% | 49.5% | 12.5% | 6.9% | 6.5% | 0.8× | 3,059 |
| INTC | $543.3B | — | 67.4× | 10.3× | -0.5% | 34.8% | -0.5% | -0.2% | -0.2% | 5.5× | 2,495 |
| CSCO | $436.6B | 43.2× | 36.6× | 7.7× | 5.3% | 64.9% | 18.0% | 21.7% | 13.6% | 2.3× | 3,560 |
| PLTR | $421.4B | 279.8× | 291.6× | 94.2× | 56.2% | 82.4% | 36.3% | 22.0% | 22.0% | — | 2,883 |
| DELL | $383.6B | 67.8× | 36.1× | 3.4× | 18.8% | 20.0% | 5.2% | -240% | 20.4% | 2.8× | 1,564 |
| LRCX | $341.7B | 64.9× | 54.5× | 18.5× | 23.7% | 48.7% | 29.1% | 54.3% | 37.4% | 0.7× | 2,500 |
| RPAY | $338.0B | — | — | 1092.8× | -1.2% | 75.0% | -83.0% | -53.0% | -28.2% | -1.7× | 142 |
| AMAT | $331.0B | 48.2× | 38.1× | 11.7× | 4.4% | 48.7% | 24.7% | 34.3% | 25.9% | 0.8× | 2,826 |
| UMC | $307.4B | — | — | — | — | — | — | — | — | — | 302 |
| ARM | $281.9B | 311.6× | 242.9× | 57.3× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| SAP | $262.5B | — | — | — | — | — | — | — | — | — | 794 |
| ANET | $250.7B | 72.6× | 63.3× | 27.8× | 28.6% | 64.1% | 39.0% | 28.4% | 28.4% | — | 1,930 |
| PANW | $250.5B | 234.4× | 156.5× | 27.2× | 14.9% | 73.4% | 12.3% | 14.5% | 14.5% | — | 2,374 |
| SNDK | $235.7B | — | — | 32.0× | 10.4% | 30.1% | -22.3% | -17.8% | -14.8% | -1.5× | 1,127 |
| TXN | $234.6B | 47.4× | 30.9× | 13.3× | 13.0% | 57.0% | 28.3% | 30.7% | 16.5% | 1.8× | 2,345 |
| CRM | $225.6B | 31.1× | 24.4× | 5.4× | 9.6% | 77.7% | 18.0% | 12.6% | 10.1% | 1.5× | 2,547 |
| IBM | $222.8B | 21.3× | — | 3.3× | 7.6% | 58.2% | 15.7% | 32.4% | 11.3% | — | 3,351 |
| MRVL | $204.0B | 78.4× | 133.3× | 24.9× | 42.1% | 51.0% | 32.6% | 18.7% | 14.2% | 2.9× | 1,477 |
| QCOM | $202.7B | 37.7× | 15.2× | 4.6× | 13.7% | 55.4% | 12.5% | 26.1% | 15.4% | 1.1× | 2,611 |
| HLIT | $1.2B | — | 48.1× | 3.4× | -26.2% | 48.5% | -12.0% | -11.3% | -8.7% | 4.5× | 236 |
Peers = companies sharing HLIT's sector (Technology) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $360.5M 100.0% | $488.2M 100.0% | $388.5M 100.0% | $625.0M 100.0% | $507.1M 100.0% | $378.8M 100.0% | $402.9M 100.0% | $403.6M 100.0% | $358.2M 100.0% | $405.9M 100.0% |
| Cost of Revenue | $185.8M 51.5% | $248.1M 50.8% | $210.4M 54.1% | $309.1M 49.5% | $247.4M 48.8% | $183.8M 48.5% | $179.9M 44.6% | $194.3M 48.2% | $188.4M 52.6% | $205.2M 50.5% |
| Cost of Products | — | — | — | — | — | — | — | — | $119.8M 33.4% | $145.7M 35.9% |
| Cost of Services | — | — | — | — | — | — | — | — | $68.6M 19.2% | $59.4M 14.6% |
| Gross Profit | $174.7M 48.5% | $240.1M 49.2% | $178.1M 45.9% | $315.9M 50.5% | $259.7M 51.2% | $195.0M 51.5% | $223.0M 55.4% | $209.2M 51.8% | $169.8M 47.4% | $200.8M 49.5% |
| Research & Development | $76.3M 21.2% | $72.6M 14.9% | $69.7M 17.9% | $120.3M 19.3% | $102.2M 20.2% | $82.5M 21.8% | $84.6M 21.0% | $89.2M 22.1% | $96.0M 26.8% | $98.4M 24.2% |
| Selling, General & Admin | $81.4M 22.6% | $79.2M 16.2% | $78.3M 20.1% | $146.7M 23.5% | $138.1M 27.2% | $119.6M 31.6% | $119.0M 29.5% | $119.0M 29.5% | $136.3M 38.0% | $144.4M 35.6% |
| Total Operating Expenses | $160.7M 44.6% | $165.4M 33.9% | $148.1M 38.1% | $270.4M 43.3% | $240.9M 47.5% | $207.4M 54.8% | $209.9M 52.1% | $214.2M 53.1% | $240.7M 67.2% | $267.8M 66.0% |
| Operating Income | $14.1M 3.9% | $74.7M 15.3% | $30.0M 7.7% | $45.5M 7.3% | $18.8M 3.7% | -$12.4M -3.3% | $13.1M 3.2% | -$5.0M -1.2% | -$70.9M -19.8% | -$67.0M -16.5% |
| Interest Expense | $3.8M 1.1% | $6.5M 1.3% | $2.7M 0.7% | $5.0M 0.8% | $10.6M 2.1% | $11.5M 3.0% | $11.7M 2.9% | $11.4M 2.8% | $10.6M 3.0% | $10.1M 2.5% |
| Other Income (Expense), net | -$5.2M -1.4% | -$3.2M -0.7% | -$2.2M -0.6% | -$1.0M -0.2% | -$9.9M -2.0% | -$12.4M -3.3% | -$14.0M -3.5% | -$11.9M -3.0% | -$13.8M -3.9% | -$13.4M -3.3% |
| Pretax Income | $8.9M 2.5% | $71.5M 14.7% | $27.8M 7.2% | $44.5M 7.1% | $8.9M 1.7% | -$26.2M -6.9% | -$6.6M -1.6% | -$16.9M -4.2% | -$84.7M -23.6% | -$80.4M -19.8% |
| Income Tax Expense | $7.6M 2.1% | $20.8M 4.3% | -$60.5M -15.6% | $16.3M 2.6% | -$4.4M -0.9% | $3.1M 0.8% | -$672K -0.2% | $4.1M 1.0% | -$1.8M -0.5% | -$8.1M -2.0% |
| Net Income | $1.2M 0.3% | $39.2M 8.0% | $84.0M 21.6% | $28.2M 4.5% | $13.3M 2.6% | -$29.3M -7.7% | -$5.9M -1.5% | -$21.0M -5.2% | -$83.0M -23.2% | -$72.3M -17.8% |
| Per Share | ||||||||||
| EPS (Basic) | $-0.38 | $0.34 | $0.75 | $0.27 | $0.13 | $-0.30 | $-0.07 | — | — | — |
| EPS (Diluted) | $-0.38 | $0.33 | $0.72 | $0.25 | $0.12 | $-0.30 | $-0.07 | — | — | — |
| Weighted Avg Shares (Basic) | 113.7M | 115.1M | 111.7M | 105.1M | 101.5M | 97.0M | 89.6M | — | — | — |
| Weighted Avg Shares (Diluted) | 114.2M | 117.5M | 117.4M | 112.4M | 106.2M | 97.0M | 89.6M | — | — | — |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $10.99 today, the market must believe free cash flow compounds 4.8%/yr for a decade (off $75M normalized FCF).
The market's 4.8% is more conservative than its 7-yr track record.
2-stage DCF · 0.11B shares · net debt -$12M
mean 101.3% · volatility σ 197% · implied rate exceeded in 3/5 yrs
Central path = implied 4.8%/yr growth; shaded band = ±1σ (197%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Cash-conversion data unavailable. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor; leverage rising year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $79M buybacks = $79M returned on $97M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: -9%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $124M covers all $17M of scheduled principal — no refinancing pressure. Scheduled principal only (excludes interest & revolver draws). As of 2019-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Coverage is adequate but not comfortable. Effective rate ~3.4% on $112M of debt.
Cash of $124M fully covers short-term debt of $3M.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-09-17
No standout strengths flagged.
Where each multiple sits in its own 14-yr range · 84th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 3.1× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 48.2 | 44.6 | 48.5 | 48.8 | 49.5 | 54.1 | 50.8 | 51.5 |
| Gross Profit | 51.8 | 55.4 | 51.5 | 51.2 | 50.5 | 45.9 | 49.2 | 48.5 |
| R&D | 22.1 | 21.0 | 21.8 | 20.2 | 19.3 | 17.9 | 14.9 | 21.2 |
| SG&A | 29.5 | 29.5 | 31.6 | 27.2 | 23.5 | 20.1 | 16.2 | 22.6 |
| Operating Income | -1.2 | 3.2 | -3.3 | 3.7 | 7.3 | 7.7 | 15.3 | 3.9 |
| Income Tax | 1.0 | -0.2 | 0.8 | -0.9 | 2.6 | -15.6 | 4.3 | 2.1 |
| Net Income | -5.2 | -1.5 | -7.7 | 2.6 | 4.5 | 21.6 | 8.0 | 0.3 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on HLIT: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.