AMF Tjanstepension AB Acquires Shares of 16,837 Celestica, Inc. $CLS

Key Points

• AMF Tjanstepension AB acquired 16,837 shares of Celestica, Inc. (NYSE: CLS) in the second quarter, valued at approximately $2,628,000.
• Celestica's stock has received mixed ratings, with one Strong Buy, ten Buy ratings, and four Hold ratings, while the average target price is $207.38.
• For the last quarter, Celestica reported $1.39 earnings per share, exceeding estimates, with revenue up 21.0% year-over-year, amounting to $2.89 billion.

AMF Tjanstepension AB acquired 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 Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,837 shares of the technology company's stock, valued at approximately $2,628,000.

Several other large investors have also recently modified their holdings of CLS. ORG Partners LLC purchased a new position in shares of Celestica in the 1st quarter worth about $29,000. Center for Financial Planning Inc. purchased a new position in shares of Celestica in the 1st quarter worth about $30,000. ST Germain D J Co. Inc. purchased a new position in shares of Celestica in the 2nd quarter worth about $37,000. Farther Finance Advisors LLC raised its position in shares of Celestica by 1,516.7% in the 1st quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company's stock worth $54,000 after purchasing an additional 637 shares during the last quarter. Finally, Wolff Wiese Magana LLC raised its position in shares of Celestica by 45.6% in the 2nd quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company's stock worth $57,000 after purchasing an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 67.38% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CLS shares. TD Cowen reaffirmed a "hold" rating and issued a $238.00 price target on shares of Celestica in a research report on Friday. JPMorgan Chase & Co. lifted their price target on Celestica from $225.00 to $295.00 and gave the stock an "overweight" rating in a research report on Monday, September 8th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Celestica in a research report on Saturday, September 27th. CICC Research initiated coverage on Celestica in a research report on Tuesday, August 19th. They issued an "outperform" rating for the company. Finally, Citigroup boosted their target price on Celestica from $172.00 to $212.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $207.38.

Celestica Price Performance

Shares of NYSE:CLS opened at $234.08 on Friday. Celestica, Inc. has a fifty-two week low of $52.25 and a fifty-two week high of $261.83. The business has a 50-day simple moving average of $219.11 and a two-hundred day simple moving average of $151.00. 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 firm has a market cap of $26.93 billion, a price-to-earnings ratio of 50.67 and a beta of 1.88.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share for the quarter, topping 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 in the previous year, the firm earned $0.91 EPS. Celestica'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. On average, analysts expect that Celestica, Inc. will post 4.35 earnings per share for the current 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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