D.A. Davidson & CO. Acquires 5,575 Shares of Celestica, Inc. $CLS

D.A. Davidson & CO. increased its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 38.1% in the second quarter, Holdings Channel.com reports. The fund owned 20,200 shares of the technology company’s stock after buying an additional 5,575 shares during the quarter. D.A. Davidson & CO.’s holdings in Celestica were worth $3,153,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ST Germain D J Co. Inc. bought a new stake in shares of Celestica during the 2nd quarter worth approximately $37,000. Wolff Wiese Magana LLC lifted its stake in shares of Celestica by 45.6% during the 2nd quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company’s stock worth $57,000 after acquiring an additional 114 shares during the last quarter. Flaharty Asset Management LLC bought a new stake in shares of Celestica during the 1st quarter worth approximately $63,000. Gordian Capital Singapore Pte Ltd raised its position in Celestica by 8,910.0% during the 1st quarter. Gordian Capital Singapore Pte Ltd now owns 901 shares of the technology company’s stock valued at $71,000 after purchasing an additional 891 shares in the last quarter. Finally, Oakworth Capital Inc. bought a new stake in Celestica during the 2nd quarter valued at $73,000. 67.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CLS has been the subject of a number of research analyst reports. TD Securities lowered Celestica from a “buy” rating to a “hold” rating and lifted their target price for the company from $130.00 to $238.00 in a research report on Friday, October 3rd. CICC Research initiated coverage on Celestica in a research report on Tuesday, August 19th. They set an “outperform” rating for the company. Barclays lifted their target price on Celestica from $146.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. TD Cowen reaffirmed a “hold” rating and set a $238.00 target price on shares of Celestica in a research report on Friday, October 3rd. Finally, Wall Street Zen raised Celestica from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $249.36.

Celestica Trading Up 5.0%

CLS opened at $296.76 on Friday. The firm has a market cap of $34.14 billion, a price-to-earnings ratio of 64.23 and a beta of 1.88. The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. Celestica, Inc. has a 12 month low of $58.05 and a 12 month high of $300.75. The stock has a fifty day moving average price of $238.39 and a 200-day moving average price of $170.37.

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

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.