4,927 Shares in Celestica, Inc. $CLS Purchased by Goldstream Capital Management Ltd

Key Points

• Goldstream Capital Management Ltd acquired 4,927 shares of Celestica, Inc., valued at approximately $388,000, making it the firm's 27th largest position, which comprises about 0.2% of their total holdings.
• Analysts have raised price targets for Celestica, with recent estimates reaching up to $225.00, following a strong quarterly earnings report where the company exceeded expected earnings and revenue growth.
• Institutional investors currently own 67.38% of Celestica's stock, indicating significant market confidence in the company's performance and prospects.

Goldstream Capital Management Ltd bought a new stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,927 shares of the technology company's stock, valued at approximately $388,000. Celestica comprises about 0.2% of Goldstream Capital Management Ltd's holdings, making the stock its 27th biggest position.

A number of other hedge funds have also recently made changes to their positions in the stock. CoreCap Advisors LLC increased its stake in shares of Celestica by 5.4% during the fourth quarter. CoreCap Advisors LLC now owns 1,760 shares of the technology company's stock valued at $162,000 after buying an additional 90 shares during the period. First National Bank of Hutchinson lifted its holdings in Celestica by 2.5% during the first quarter. First National Bank of Hutchinson now owns 4,914 shares of the technology company's stock worth $387,000 after buying an additional 120 shares during the period. Private Trust Co. NA boosted its position in Celestica by 14.1% during the 1st 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. Csenge Advisory Group boosted its position in Celestica by 7.1% during the 1st quarter. Csenge Advisory Group now owns 2,593 shares of the technology company's stock valued at $218,000 after acquiring an additional 171 shares in the last quarter. Finally, Bay Rivers Group increased its holdings in shares of Celestica by 1.1% in the 1st quarter. Bay Rivers Group now owns 19,494 shares of the technology company's stock valued at $1,536,000 after acquiring an additional 215 shares during the period. 67.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CLS shares. Argus decreased their price objective on Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. JPMorgan Chase & Co. lifted their price objective on shares of Celestica from $170.00 to $225.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Wall Street Zen raised Celestica from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Royal Bank Of Canada raised their price target on Celestica from $185.00 to $225.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Finally, Barclays increased their price objective on shares of Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Celestica presently has a consensus rating of "Buy" and an average price target of $168.92.

Celestica Trading Down 1.1%

Shares of Celestica stock opened at $182.7630 on Thursday. The stock has a market cap of $21.02 billion, a PE ratio of 39.56 and a beta of 1.80. The firm has a fifty day moving average price of $168.25 and a 200 day moving average price of $124.45. Celestica, Inc. has a 1 year low of $40.65 and a 1 year high of $218.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.86.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings data 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. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same quarter last year, the business posted $0.91 EPS. The company's revenue was up 21.0% on a year-over-year basis. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. 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.

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