1,462 Shares in Celestica, Inc. $CLS Purchased by Triad Wealth Partners LLC

Key Points

• Triad Wealth Partners LLC acquired 1,462 shares of Celestica, Inc. for approximately $228,000 during the 2nd quarter.
• Celestica's stock is currently experiencing fluctuations, having recently reported a decrease of 6.7%, with a current market cap of $26.93 billion.
• Analyst ratings for Celestica vary, with several firms rating it as a "buy" and upgrades from "hold" to "buy," while maintaining an average price target of $207.38.

Triad Wealth Partners LLC bought a new stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,462 shares of the technology company's stock, valued at approximately $228,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CLS. Voya Investment Management LLC boosted its holdings in Celestica by 362.8% during the 1st quarter. Voya Investment Management LLC now owns 1,854,085 shares of the technology company's stock valued at $146,122,000 after acquiring an additional 1,453,473 shares during the period. Alkeon Capital Management LLC bought a new stake in shares of Celestica during the first quarter worth $96,936,000. Alliancebernstein L.P. boosted its stake in shares of Celestica by 405.5% during the first quarter. Alliancebernstein L.P. now owns 731,937 shares of the technology company's stock valued at $57,684,000 after purchasing an additional 587,145 shares during the period. JAT Capital Mgmt LP bought a new position in shares of Celestica in the first quarter worth about $40,077,000. Finally, BNP Paribas Financial Markets increased its stake in Celestica by 79.3% in the 1st quarter. BNP Paribas Financial Markets now owns 991,776 shares of the technology company's stock worth $78,162,000 after buying an additional 438,762 shares during the period. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on CLS. TD Securities cut shares of Celestica from a "buy" rating to a "hold" rating and boosted their price objective for the company from $130.00 to $238.00 in a research report on Friday. Weiss Ratings reiterated a "buy (b)" rating on shares of Celestica in a report on Saturday, September 27th. Wall Street Zen upgraded Celestica from a "hold" rating to a "buy" rating in a report on Saturday. Citigroup lifted their target price on Celestica from $172.00 to $212.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Finally, CICC Research began coverage on Celestica in a research report on Tuesday, August 19th. They set an "outperform" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $207.38.

Celestica Stock Down 6.7%

Celestica stock opened at $234.08 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.44 and a debt-to-equity ratio of 0.48. The firm has a market cap of $26.93 billion, a P/E ratio of 50.67 and a beta of 1.88. The business has a fifty day moving average of $219.11 and a two-hundred day moving average of $151.00. Celestica, Inc. has a twelve month low of $52.25 and a twelve month high of $261.83.

Celestica (NYSE:CLS - Get Free Report) 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. On average, analysts forecast that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Celestica 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.

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