Thompson Investment Management Inc. Sells 20,400 Shares of Calix, Inc $CALX

Key Points

• Thompson Investment Management Inc. reduced its stake in Calix, Inc by 22.6%, selling 20,400 shares and now holding 69,840 shares valued at approximately $3.7 million.
• Institutional investors hold 98.14% of Calix's stock, with various hedge funds making significant changes to their positions, including notable increases by Signaturefd LLC and Quarry LP.
• Analysts have mixed ratings for Calix, with price targets ranging from $38.00 to $70.00, and a current consensus rating of "Hold" amidst changing valuations.

Thompson Investment Management Inc. lessened its holdings in Calix, Inc (NYSE:CALX - Free Report) by 22.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 69,840 shares of the communications equipment provider's stock after selling 20,400 shares during the period. Thompson Investment Management Inc. owned 0.11% of Calix worth $3,715,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. bought a new position in shares of Calix in the first quarter valued at about $28,000. Signaturefd LLC raised its holdings in Calix by 91.1% in the 1st quarter. Signaturefd LLC now owns 1,007 shares of the communications equipment provider's stock valued at $36,000 after acquiring an additional 480 shares during the period. Quarry LP lifted its position in Calix by 1,704.0% during the first quarter. Quarry LP now owns 1,353 shares of the communications equipment provider's stock worth $48,000 after acquiring an additional 1,278 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Calix by 119.7% during the second quarter. GAMMA Investing LLC now owns 1,472 shares of the communications equipment provider's stock worth $78,000 after acquiring an additional 802 shares during the period. Finally, Cooper Financial Group bought a new position in shares of Calix during the second quarter worth approximately $238,000. 98.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Zacks Research downgraded Calix from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 22nd. Wall Street Zen raised shares of Calix from a "hold" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Needham & Company LLC raised their price target on shares of Calix from $60.00 to $70.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Calix from $38.00 to $52.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Finally, Rosenblatt Securities raised their target price on shares of Calix from $56.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $64.00.

Calix Price Performance

NYSE CALX opened at $59.06 on Friday. The business has a fifty day moving average price of $59.74 and a two-hundred day moving average price of $49.96. The stock has a market capitalization of $3.86 billion, a PE ratio of -147.65 and a beta of 1.32. Calix, Inc has a fifty-two week low of $28.60 and a fifty-two week high of $64.30.

Calix (NYSE:CALX - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The communications equipment provider reported $0.33 EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.41. The company had revenue of $241.90 million during the quarter, compared to analysts' expectations of $223.81 million. Calix had a negative return on equity of 3.21% and a negative net margin of 3.09%.Calix's revenue was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.09 EPS. Calix has set its Q3 2025 guidance at 0.310-0.371 EPS. As a group, sell-side analysts expect that Calix, Inc will post -0.43 earnings per share for the current year.

Insider Buying and Selling

In other Calix news, CFO Cory Sindelar sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $60.00, for a total value of $600,000.00. Following the sale, the chief financial officer owned 76,555 shares in the company, valued at $4,593,300. This trade represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Carl Russo sold 25,000 shares of the company's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $55.40, for a total transaction of $1,385,000.00. Following the transaction, the director owned 2,114,188 shares of the company's stock, valued at $117,126,015.20. This trade represents a 1.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,000 shares of company stock worth $2,545,000 in the last 90 days. Company insiders own 16.90% of the company's stock.

Calix Company Profile

Calix, Inc, together with its subsidiaries, engages in the provision of cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services.

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