Renaissance Technologies LLC Has $3.62 Million Position in Clearfield, Inc. $CLFD

Renaissance Technologies LLC lifted its position in shares of Clearfield, Inc. (NASDAQ:CLFD) by 34.4% in the first quarter, HoldingsChannel.com reports. The fund owned 136,700 shares of the communications equipment provider’s stock after buying an additional 35,000 shares during the period. Renaissance Technologies LLC’s holdings in Clearfield were worth $3,618,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Clearfield by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,222 shares of the communications equipment provider’s stock worth $215,000 after buying an additional 312 shares during the period. Deutsche Bank AG grew its holdings in Clearfield by 5.3% during the 4th quarter. Deutsche Bank AG now owns 8,825 shares of the communications equipment provider’s stock worth $257,000 after acquiring an additional 442 shares during the last quarter. Creative Planning increased its position in Clearfield by 4.8% in the 3rd quarter. Creative Planning now owns 12,207 shares of the communications equipment provider’s stock valued at $420,000 after acquiring an additional 563 shares during the period. Price T Rowe Associates Inc. MD increased its position in Clearfield by 6.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,618 shares of the communications equipment provider’s stock valued at $310,000 after acquiring an additional 635 shares during the period. Finally, Drum Hill Capital LLC raised its stake in shares of Clearfield by 1.4% during the fourth quarter. Drum Hill Capital LLC now owns 49,912 shares of the communications equipment provider’s stock valued at $1,455,000 after acquiring an additional 713 shares during the last quarter. Institutional investors and hedge funds own 88.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CLFD. Lake Street Capital set a $38.00 price objective on shares of Clearfield in a research note on Thursday. Weiss Ratings lowered Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Roth Capital reaffirmed a “buy” rating and set a $44.00 target price on shares of Clearfield in a report on Monday, May 4th. Finally, Needham & Company LLC reduced their price target on Clearfield from $52.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.75.

Insiders Place Their Bets

In related news, insider Anis Khemakhem sold 1,684 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $39.90, for a total transaction of $67,191.60. Following the sale, the insider owned 25,126 shares in the company, valued at $1,002,527.40. This represents a 6.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Walter Louis Jones, Jr. sold 2,391 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $46.05, for a total value of $110,105.55. Following the sale, the director directly owned 8,682 shares of the company’s stock, valued at $399,806.10. This represents a 21.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 17.80% of the company’s stock.

Clearfield Stock Performance

Shares of NASDAQ CLFD opened at $27.48 on Friday. The company’s 50 day moving average price is $35.76 and its 200-day moving average price is $33.59. Clearfield, Inc. has a 52-week low of $23.76 and a 52-week high of $52.73. The company has a market capitalization of $373.43 million, a P/E ratio of -53.88 and a beta of 2.12.

Clearfield (NASDAQ:CLFD) last posted its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.03. Clearfield had a negative net margin of 4.71% and a positive return on equity of 1.61%. The company had revenue of $43.86 million during the quarter, compared to analysts’ expectations of $43.92 million. Clearfield has set its Q4 2026 guidance at 0.000-0.070 EPS and its FY 2026 guidance at 0.140-0.210 EPS. Analysts forecast that Clearfield, Inc. will post 0.17 earnings per share for the current year.

Clearfield Profile

Clearfield, Inc (NASDAQ: CLFD) is a Minneapolis-based company specializing in fiber management products for broadband network deployments. The company’s core offerings include fiber distribution hubs, enclosures, splice trays, patching panels and connectivity accessories designed to simplify installation and maintenance of fiber-optic networks. Clearfield’s modular FieldSmart™ platform provides a scalable approach for service providers, utilities and enterprise organizations looking to expand or upgrade their fiber infrastructure.

Clearfield serves a diverse customer base that includes cable and internet service providers, telecommunications operators, wireless carriers, utilities and municipalities.