Lido Advisors LLC grew its position in shares of Celestica, Inc. (NYSE:CLS – Free Report) (TSE:CLS) by 149.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,099 shares of the technology company’s stock after purchasing an additional 1,856 shares during the period. Lido Advisors LLC’s holdings in Celestica were worth $873,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in CLS. State of Wyoming grew its holdings in Celestica by 486.4% during the 1st quarter. State of Wyoming now owns 1,161 shares of the technology company’s stock valued at $327,000 after purchasing an additional 963 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Celestica by 13.8% in the 1st quarter. Cetera Investment Advisers now owns 66,458 shares of the technology company’s stock worth $18,703,000 after buying an additional 8,057 shares in the last quarter. First Trust Advisors LP lifted its holdings in Celestica by 6.5% in the 1st quarter. First Trust Advisors LP now owns 62,944 shares of the technology company’s stock worth $17,744,000 after buying an additional 3,818 shares in the last quarter. Telligent Fund LP purchased a new position in Celestica in the 1st quarter valued at about $1,408,000. Finally, Himension Capital Singapore PTE. LTD. boosted its position in Celestica by 44.3% in the 1st quarter. Himension Capital Singapore PTE. LTD. now owns 2,064 shares of the technology company’s stock valued at $581,000 after buying an additional 634 shares during the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts have recently issued reports on the company. Bank of America lifted their target price on Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Citigroup increased their price target on Celestica from $338.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Barclays raised their price objective on Celestica from $391.00 to $441.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Royal Bank Of Canada lifted their price objective on Celestica from $400.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Finally, BWS Financial reaffirmed a “buy” rating on shares of Celestica in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $430.32.
Insiders Place Their Bets
In other news, CFO Mandeep Chawla sold 17,000 shares of Celestica stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $399.65, for a total value of $6,794,050.00. Following the completion of the transaction, the chief financial officer owned 82,444 shares in the company, valued at approximately $32,948,744.60. This trade represents a 17.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Max Wilson sold 4,168 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $333.31, for a total value of $1,389,236.08. Following the completion of the sale, the director owned 24,718 shares of the company’s stock, valued at $8,238,756.58. This trade represents a 14.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 161,168 shares of company stock valued at $63,190,485 in the last quarter. Insiders own 1.10% of the company’s stock.
Key Celestica News
Here are the key news stories impacting Celestica this week:
- Positive Sentiment: Q2 results beat expectations: Revenue rose 62% year over year to approximately $4.70 billion, exceeding estimates near $4.30 billion. Adjusted EPS was $2.54 versus the $2.29 consensus and $1.39 a year earlier. Results were above the high end of management’s own guidance. Celestica Announces Second Quarter 2026 Financial Results
- Positive Sentiment: Raised 2026 guidance: Celestica now expects approximately $20.5 billion in 2026 revenue and $11.30 in EPS, ahead of analyst expectations of roughly $19.2 billion and $10.13, respectively. Third-quarter guidance of $5.3 billion-$5.6 billion in revenue and $2.88-$3.08 in EPS also exceeds consensus estimates. CLS Q2 Earnings Beat Estimates on Strong CCS Demand, Outlook Raised
- Positive Sentiment: Strong forward demand: The Connectivity & Cloud Solutions segment reportedly grew 84% year over year. Management expects hyperscaler mass production and AI infrastructure demand to support faster growth in 2027, with some commentary pointing to growth above 65%. Celestica Q2: 2 Reasons It’s Worth Watching, But Not Buying Yet
- Positive Sentiment: Investor momentum: Shares gained in premarket and after-hours trading following the earnings release, while call-option activity was above its average, suggesting heightened bullish interest. Why Celestica Shares Are Trading Higher
Celestica Stock Performance
Shares of CLS stock opened at $348.66 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 1.26. Celestica, Inc. has a one year low of $173.23 and a one year high of $474.02. The company’s 50-day simple moving average is $361.83 and its 200-day simple moving average is $332.91. The stock has a market capitalization of $40.09 billion, a price-to-earnings ratio of 36.24, a PEG ratio of 0.74 and a beta of 2.05.
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last posted its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. The business had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a return on equity of 41.69% and a net margin of 7.16%.The company’s revenue for the quarter was up 62.4% compared to the same quarter last year. During the same period last year, the firm earned $1.39 earnings per share. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. Equities analysts anticipate that Celestica, Inc. will post 9.57 earnings per share for the current fiscal year.
About Celestica
Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.
The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.
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