3,194 Shares in Celestica, Inc. $CLS Bought by MGO One Seven LLC

Key Points

• MGO One Seven LLC has acquired 3,194 shares of Celestica, Inc., valued at approximately $499,000, indicating institutional interest in the company.
• Celestica reported impressive earnings for the last quarter, with an EPS of $1.39, exceeding expectations, and revenue of $2.89 billion, representing a 21% year-over-year growth.
• Institutional investors now hold 67.38% of Celestica's stock, reflecting strong investor confidence in the company's performance and growth prospects.

MGO One Seven LLC bought a new stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 3,194 shares of the technology company's stock, valued at approximately $499,000.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Celestica by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 4,514,605 shares of the technology company's stock valued at $356,135,000 after buying an additional 35,690 shares in the last quarter. Voya Investment Management LLC boosted its stake in shares of Celestica by 362.8% in 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 purchasing an additional 1,453,473 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Celestica by 1.5% in the 1st quarter. Royal Bank of Canada now owns 1,280,563 shares of the technology company's stock valued at $100,922,000 after purchasing an additional 19,391 shares during the last quarter. Alkeon Capital Management LLC bought a new position in shares of Celestica in the 1st quarter valued at about $96,936,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of Celestica by 79.3% in the 1st quarter. BNP Paribas Financial Markets now owns 991,776 shares of the technology company's stock valued at $78,162,000 after purchasing an additional 438,762 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

Celestica Stock Performance

Shares of CLS stock opened at $277.09 on Friday. 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 capitalization of $31.87 billion, a P/E ratio of 59.98 and a beta of 1.88. The company's 50 day moving average price is $230.90 and its two-hundred day moving average price is $162.55. Celestica, Inc. has a 52 week low of $55.30 and a 52 week high of $296.85.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its 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 for the quarter, compared to the consensus estimate of $2.65 billion. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The business's quarterly revenue was up 21.0% on a year-over-year basis. During the same period last 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 expect that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on CLS shares. TD Cowen reaffirmed a "hold" rating and issued a $238.00 target price on shares of Celestica in a research note on Friday, October 3rd. CICC Research initiated coverage on shares of Celestica in a research note on Tuesday, August 19th. They set an "outperform" rating on the stock. TD Securities lowered shares of Celestica from a "buy" rating to a "hold" rating and lifted their price objective for the stock from $130.00 to $238.00 in a research note on Friday, October 3rd. Barclays lifted their price objective on shares of Celestica from $146.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Finally, BNP Paribas reissued an "outperform" rating and set a $300.00 price objective on shares of Celestica in a research note on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Celestica currently has a consensus rating of "Moderate Buy" and a consensus target price of $229.00.

Celestica Company 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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