Semanteon Capital Management LP Takes Position in Calix, Inc $CALX

Semanteon Capital Management LP bought a new position in shares of Calix, Inc (NYSE:CALX) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 9,296 shares of the communications equipment provider’s stock, valued at approximately $570,000. Calix makes up about 0.7% of Semanteon Capital Management LP’s investment portfolio, making the stock its 19th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of CALX. SouthState Corp lifted its position in Calix by 10,000.0% during the second quarter. SouthState Corp now owns 505 shares of the communications equipment provider’s stock worth $27,000 after purchasing an additional 500 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Calix during the 2nd quarter worth approximately $30,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Calix in the second quarter valued at approximately $36,000. Whittier Trust Co. raised its position in Calix by 541.0% during the third quarter. Whittier Trust Co. now owns 641 shares of the communications equipment provider’s stock valued at $38,000 after purchasing an additional 541 shares in the last quarter. Finally, Covestor Ltd raised its position in Calix by 125.4% during the third quarter. Covestor Ltd now owns 656 shares of the communications equipment provider’s stock valued at $40,000 after purchasing an additional 365 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CALX shares. Needham & Company LLC reduced their target price on Calix from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, January 29th. JPMorgan Chase & Co. raised shares of Calix from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $75.00 to $90.00 in a research note on Thursday, January 15th. Roth Mkm set a $85.00 target price on shares of Calix and gave the stock a “buy” rating in a research note on Thursday, October 30th. Craig Hallum set a $60.00 price target on Calix in a research note on Friday, January 30th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $85.00 price objective on shares of Calix in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Calix has an average rating of “Moderate Buy” and a consensus target price of $77.50.

Calix Trading Up 1.6%

Shares of CALX opened at $55.74 on Friday. The company has a market capitalization of $3.69 billion, a PE ratio of 222.96 and a beta of 1.56. The stock’s 50-day moving average price is $53.60 and its two-hundred day moving average price is $57.42. Calix, Inc has a 12 month low of $28.60 and a 12 month high of $71.22.

Calix (NYSE:CALX) last released its quarterly earnings results on Wednesday, January 28th. The communications equipment provider reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. Calix had a net margin of 1.79% and a return on equity of 2.31%. The firm had revenue of $272.40 million during the quarter, compared to analyst estimates of $267.36 million. During the same quarter last year, the business earned $0.08 EPS. The company’s revenue was up 32.2% compared to the same quarter last year. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. Equities research analysts predict that Calix, Inc will post -0.43 EPS for the current fiscal year.

Calix announced that its board has authorized a stock repurchase plan on Wednesday, January 28th that authorizes the company to repurchase $125.00 million in shares. This repurchase authorization authorizes the communications equipment provider to purchase up to 3.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

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.