2,293 Shares in Celestica, Inc. $CLS Purchased by LeConte Wealth Management LLC

Key Points

• LeConte Wealth Management LLC acquired 2,293 shares of Celestica, Inc. for approximately $358,000, highlighting growing institutional interest in the technology company's stock.
• Celestica reported strong quarterly earnings, with $1.39 earnings per share and revenue of $2.89 billion, surpassing analysts' expectations and marking a 21% year-over-year increase.
• Multiple analysts have updated their price targets for Celestica, with Royal Bank of Canada raising its target to $225.00, reflecting a positive outlook on the company's performance.

LeConte Wealth Management LLC purchased a new stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,293 shares of the technology company's stock, valued at approximately $358,000.

Other large investors have also recently added to or reduced their stakes in the company. Oxinas Partners Wealth Management LLC acquired a new stake in shares of Celestica during the second quarter worth approximately $460,000. Wealth Effects LLC bought a new stake in Celestica during the 2nd quarter worth approximately $328,000. Ballentine Partners LLC bought a new stake in Celestica during the 2nd quarter worth approximately $328,000. Cigna Investments Inc. New bought a new stake in Celestica during the 2nd quarter worth approximately $333,000. Finally, Forte Capital LLC ADV grew its position in Celestica by 0.6% during the 2nd quarter. Forte Capital LLC ADV now owns 125,906 shares of the technology company's stock worth $19,655,000 after acquiring an additional 730 shares during the last quarter. 67.38% of the stock is owned by institutional investors.

Celestica Stock Down 6.8%

NYSE:CLS opened at $240.16 on Thursday. The stock's fifty day moving average price is $207.65 and its two-hundred day moving average price is $143.39. Celestica, Inc. has a 52-week low of $48.97 and a 52-week high of $261.83. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.44. The company has a market cap of $27.63 billion, a price-to-earnings ratio of 51.98 and a beta of 1.89.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.23 by $0.16. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.65 billion. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The firm's quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the business 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 anticipate that Celestica, Inc. will post 4.35 EPS for the current year.

Analysts Set New Price Targets

CLS has been the topic of a number of research analyst reports. Royal Bank Of Canada increased their price target on Celestica from $185.00 to $225.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. CICC Research initiated coverage on Celestica in a research report on Tuesday, August 19th. They set an "outperform" rating on the stock. UBS Group restated a "neutral" rating and set a $208.00 price target (up from $101.00) on shares of Celestica in a research report on Wednesday, July 30th. Barclays increased their price target on Celestica from $146.00 to $220.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Finally, Wall Street Zen downgraded Celestica from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $174.75.

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.

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