Y Intercept Hong Kong Ltd Purchases 13,542 Shares of Calix, Inc $CALX

Y Intercept Hong Kong Ltd grew its holdings in Calix, Inc (NYSE:CALX) by 23.1% during the 1st quarter, HoldingsChannel.com reports. The firm 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’s holdings in Calix were worth $3,541,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its holdings in 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 purchasing an additional 213 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Calix during the second quarter valued at about $30,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Calix by 24,733.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the communications equipment provider’s stock worth $39,000 after buying an additional 742 shares in the last quarter. Strive Financial Group LLC bought a new position in shares of Calix in the fourth quarter valued at approximately $40,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Calix by 27.0% in the second 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 during the period. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Carl Russo sold 25,000 shares of the 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 $71,127,572.88. This represents a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.44% of the stock is currently owned by corporate insiders.

Calix Stock Performance

CALX traded down $0.08 on Tuesday, reaching $38.39. The company had a trading volume of 133,538 shares, compared to its average volume of 1,089,880. Calix, Inc has a 52-week low of $34.86 and a 52-week high of $71.22. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 79.87 and a beta of 1.23. The business has a 50 day simple moving average of $39.47 and a 200 day simple moving average of $47.55.

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

Calix declared that its Board of Directors has approved a share repurchase plan on Tuesday, April 21st that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the communications equipment provider to purchase up to 3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Northland Securities lowered shares of Calix from an “outperform” rating to a “market perform” rating and set a $52.00 target price on the stock. in a report on Wednesday, April 22nd. Needham & Company LLC reduced their price target on shares of Calix from $70.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Wall Street Zen raised shares of Calix from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. Roth Capital reiterated a “buy” rating on shares of Calix in a research report on Thursday, April 23rd. Finally, Zacks Research raised Calix from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.00.

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.