Calix, Inc $CALX Holdings Boosted by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its stake in shares of Calix, Inc (NYSE:CALX) by 23.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,286 shares of the communications equipment provider’s stock after buying an additional 13,542 shares during the quarter. Y Intercept Hong Kong Ltd owned about 0.11% of Calix worth $3,541,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in CALX. LVW Advisors LLC boosted its stake in Calix by 2.0% during the 4th quarter. LVW Advisors LLC now owns 9,655 shares of the communications equipment provider’s stock valued at $511,000 after purchasing an additional 188 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Calix by 63.0% during the 4th quarter. Farther Finance Advisors LLC now owns 551 shares of the communications equipment provider’s stock worth $29,000 after acquiring an additional 213 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Calix by 27.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the communications equipment provider’s stock valued at $64,000 after acquiring an additional 265 shares in the last quarter. Maryland State Retirement & Pension System raised its holdings in Calix by 3.2% during the fourth quarter. Maryland State Retirement & Pension System now owns 8,813 shares of the communications equipment provider’s stock valued at $466,000 after buying an additional 270 shares in the last quarter. Finally, Vident Advisory LLC increased its stake in Calix by 2.8% during the fourth quarter. Vident Advisory LLC now owns 10,570 shares of the communications equipment provider’s stock valued at $559,000 after acquiring an additional 287 shares during the period. 98.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CALX has been the topic of several analyst reports. Zacks Research raised shares of Calix from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Wall Street Zen raised shares of Calix from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th. Roth Capital reiterated a “buy” rating on shares of Calix in a research report on Thursday, April 23rd. JPMorgan Chase & Co. cut their target price on shares of Calix from $70.00 to $65.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Finally, Northland Securities lowered shares of Calix from an “outperform” rating to a “market perform” rating and set a $52.00 price target on the stock. in a research report on Wednesday, April 22nd. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Calix has an average rating of “Moderate Buy” and an average target price of $67.00.

Calix Stock Down 0.2%

Calix stock traded down $0.08 during mid-day trading on Tuesday, hitting $38.39. 133,538 shares of the stock were exchanged, compared to its average volume of 1,089,880. The firm’s fifty day simple moving average is $39.47 and its two-hundred day simple moving average is $47.55. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 79.87 and a beta of 1.23. Calix, Inc has a 12 month low of $34.86 and a 12 month high of $71.22.

Calix (NYSE:CALX) last announced its quarterly earnings results on Tuesday, April 21st. The communications equipment provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. Calix had a net margin of 3.20% and a return on equity of 4.30%. The business had revenue of $279.98 million during the quarter, compared to analyst estimates of $277.50 million. During the same quarter in the previous year, the business posted $0.19 EPS. Calix’s quarterly revenue was up 27.2% on a year-over-year basis. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. As a group, analysts forecast that Calix, Inc will post 0.85 earnings per share for the current fiscal year.

Calix announced that its Board of Directors has approved a stock repurchase program on Tuesday, April 21st that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the communications equipment provider to reacquire up to 3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other Calix news, Director Carl Russo sold 25,000 shares of the business’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $43.26, for a total value of $1,081,500.00. Following the transaction, the director owned 1,644,188 shares of the company’s stock, valued at approximately $71,127,572.88. The trade was a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 17.44% of the company’s stock.

About Calix

Calix, Inc is a provider of cloud and software platforms, systems, and services that enable broadband service providers to transform their networks and subscriber experiences. The company’s flagship Calix Cloud platform delivers real-time analytics, automation and intelligence designed to simplify network operations, improve service agility and drive revenue growth. Calix also offers a comprehensive suite of premises and access systems, including broadband access nodes, fiber-to-the-home optics and residential gateways under the GigaSpire brand.

Through its software-defined network architecture, Calix helps service providers virtualize key network functions and introduce new services with minimal capital expenditure.