Burnham & Co LLC purchased a new position in shares of Celestica, Inc. (NYSE:CLS – Free Report) (TSE:CLS) in the second quarter, HoldingsChannel reports. The fund purchased 2,500 shares of the technology company’s stock, valued at approximately $912,000.
Other hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Celestica during the fourth quarter worth $28,000. Ascentis Independent Advisors purchased a new stake in shares of Celestica during the 1st quarter valued at $29,000. Swiss RE Ltd. acquired a new stake in shares of Celestica during the 4th quarter worth $29,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Celestica during the 4th quarter worth $30,000. Finally, Sittner & Nelson LLC acquired a new position in Celestica in the fourth quarter valued at $31,000. Institutional investors and hedge funds own 67.38% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on CLS. Canadian Imperial Bank of Commerce boosted their price objective on Celestica from $480.00 to $500.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. BMO Capital Markets raised their target price on Celestica from $370.00 to $450.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Rothschild & Co Redburn initiated coverage on shares of Celestica in a research report on Friday, May 1st. They issued a “buy” rating and a $460.00 price objective for the company. Wolfe Research lifted their price objective on shares of Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Finally, Stifel Nicolaus set a $500.00 target price on shares of Celestica in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $438.86.
Insider Activity
In other news, CEO Robert Mionis sold 98,453 shares of Celestica stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total transaction of $36,328,172.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Mandeep Chawla sold 17,000 shares of Celestica stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the completion of the sale, the chief financial officer owned 82,444 shares of the company’s stock, valued at $32,948,744.60. This trade represents a 17.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 356,553 shares of company stock worth $135,238,444. Company insiders own 1.10% of the company’s stock.
Celestica Price Performance
Shares of CLS opened at $296.03 on Friday. Celestica, Inc. has a 12 month low of $179.01 and a 12 month high of $474.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68. The stock has a fifty day moving average price of $341.15 and a 200 day moving average price of $335.16. The company has a market cap of $34.04 billion, a P/E ratio of 30.77 and a beta of 2.06.
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last issued its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. The company had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The business’s revenue for the quarter was up 62.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.39 EPS. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. On average, research analysts forecast that Celestica, Inc. will post 10.15 earnings per share for the current year.
Celestica Company Profile
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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