Celestica, Inc. $CLS Stake Trimmed by Herald Investment Management Ltd

Herald Investment Management Ltd cut its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 7.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 390,700 shares of the technology company’s stock after selling 32,500 shares during the period. Celestica comprises 9.0% of Herald Investment Management Ltd’s portfolio, making the stock its largest holding. Herald Investment Management Ltd’s holdings in Celestica were worth $61,000,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CLS. Freedom Investment Management Inc. lifted its stake in shares of Celestica by 1.5% during the 1st quarter. Freedom Investment Management Inc. now owns 6,360 shares of the technology company’s stock valued at $501,000 after buying an additional 96 shares in the last quarter. Wolff Wiese Magana LLC raised its holdings in Celestica by 45.6% during the second quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company’s stock valued at $57,000 after acquiring an additional 114 shares during the period. First National Bank of Hutchinson lifted its position in shares of Celestica by 2.5% in the first quarter. First National Bank of Hutchinson now owns 4,914 shares of the technology company’s stock valued at $387,000 after acquiring an additional 120 shares in the last quarter. Private Trust Co. NA lifted its position in shares of Celestica by 14.1% in the first quarter. Private Trust Co. NA now owns 993 shares of the technology company’s stock valued at $78,000 after acquiring an additional 123 shares in the last quarter. Finally, Bay Rivers Group boosted its stake in shares of Celestica by 0.7% in the second quarter. Bay Rivers Group now owns 19,636 shares of the technology company’s stock worth $3,065,000 after acquiring an additional 142 shares during the period. 67.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. UBS Group reissued a “neutral” rating and set a $208.00 target price (up previously from $101.00) on shares of Celestica in a research note on Wednesday, July 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Celestica in a research report on Saturday, September 27th. Barclays boosted their target price on shares of Celestica from $146.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Wall Street Zen upgraded shares of Celestica from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, BNP Paribas reiterated an “outperform” rating and issued a $300.00 price target on shares of Celestica in a report on Thursday, September 25th. One equities 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 has a consensus rating of “Moderate Buy” and an average price target of $207.38.

Celestica Stock Down 6.7%

Shares of NYSE:CLS opened at $234.08 on Monday. The company has a market cap of $26.93 billion, a price-to-earnings ratio of 50.67 and a beta of 1.88. Celestica, Inc. has a 12 month low of $52.25 and a 12 month high of $261.83. The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average price of $219.11 and a 200 day moving average price of $151.80.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Monday, July 28th. The technology company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.16. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.65 billion. The firm’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 earnings per share. 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 predict that Celestica, Inc. will post 4.35 earnings per share for the current year.

About Celestica

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.