WT Asset Management Ltd Invests $5.46 Million in Celestica, Inc. $CLS

WT Asset Management Ltd purchased a new position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 35,000 shares of the technology company’s stock, valued at approximately $5,464,000. Celestica comprises approximately 0.4% of WT Asset Management Ltd’s holdings, making the stock its 21st biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in CLS. Wealth Enhancement Advisory Services LLC acquired a new position in Celestica in the 4th quarter valued at about $405,000. Parallel Advisors LLC raised its stake in Celestica by 31.0% in the 1st quarter. Parallel Advisors LLC now owns 1,635 shares of the technology company’s stock valued at $129,000 after purchasing an additional 387 shares during the last quarter. Fulton Bank N.A. acquired a new position in Celestica in the 1st quarter valued at about $282,000. Annex Advisory Services LLC raised its stake in Celestica by 11.6% in the 1st quarter. Annex Advisory Services LLC now owns 3,203 shares of the technology company’s stock valued at $252,000 after purchasing an additional 332 shares during the last quarter. Finally, TB Alternative Assets Ltd. acquired a new position in Celestica in the 1st quarter valued at about $1,403,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Stock Down 6.7%

CLS opened at $234.08 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.86. The stock has a market capitalization of $26.93 billion, a price-to-earnings ratio of 50.67 and a beta of 1.88. The business has a 50-day moving average of $219.11 and a two-hundred day moving average of $151.00. Celestica, Inc. has a 12 month low of $52.25 and a 12 month high of $261.83.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.16. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The business had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the previous year, the business earned $0.91 EPS. The company’s revenue for the quarter was up 21.0% on a year-over-year basis. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. On average, research analysts expect that Celestica, Inc. will post 4.35 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Celestica from $225.00 to $295.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. Royal Bank Of Canada boosted their target price on shares of Celestica from $185.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. BNP Paribas reissued an “outperform” rating and issued a $300.00 target price on shares of Celestica in a research note on Thursday, September 25th. UBS Group restated a “neutral” rating and issued a $208.00 price target (up previously from $101.00) on shares of Celestica in a report on Wednesday, July 30th. Finally, TD Securities cut Celestica from a “buy” rating to a “hold” rating and lifted their price target for the company from $130.00 to $238.00 in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $207.38.

Celestica Company Profile

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.