Carmignac Gestion Purchases Shares of 193,200 Celestica, Inc. $CLS

Key Points

• Carmignac Gestion purchased 193,200 Celestica shares worth approximately $70.5 million, giving the fund a 0.17% stake and making CLS about 0.9% of its portfolio. Institutional investors and hedge funds collectively own 67.38% of the company.
• Celestica reported strong quarterly results, with revenue rising 62.4% year over year to $4.68 billion and EPS of $2.54, beating analyst expectations of $2.29. The company also provided fiscal 2026 and third-quarter guidance.
• Wall Street remains bullish: analysts have assigned a consensus “Buy” rating and an average price target of $439.81, while recent insider activity showed executives selling shares worth approximately $135.2 million over three months.

Carmignac Gestion purchased a new stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 193,200 shares of the technology company's stock, valued at approximately $70,479,000. Celestica accounts for about 0.9% of Carmignac Gestion's portfolio, making the stock its 26th largest position. Carmignac Gestion owned about 0.17% of Celestica as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in CLS. Washington Trust Advisors Inc. purchased a new stake in Celestica in the second quarter valued at approximately $28,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Celestica during the fourth quarter worth $28,000. Ascentis Independent Advisors acquired a new stake in shares of Celestica in the first quarter valued at $29,000. Swiss RE Ltd. acquired a new stake in shares of Celestica in the fourth quarter valued at $29,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of Celestica in the 4th quarter valued at $30,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Stock Up 5.8%

Celestica stock traded up $18.06 during trading on Tuesday, reaching $330.41. The stock had a trading volume of 2,981,715 shares, compared to its average volume of 2,445,990. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32. Celestica, Inc. has a 52-week low of $227.00 and a 52-week high of $474.02. The stock has a market cap of $37.99 billion, a PE ratio of 34.35 and a beta of 2.04. The business has a 50 day moving average price of $326.86 and a 200 day moving average price of $336.35.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, beating analysts' consensus estimates of $2.29 by $0.25. The business had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The company's revenue was up 62.4% on a year-over-year basis. During the same period last year, the business earned $1.39 EPS. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. On average, analysts predict that Celestica, Inc. will post 10.71 EPS for the current year.

Wall Street Analyst Weigh In

CLS has been the subject of a number of research analyst reports. Wolfe Research raised their target price on Celestica from $425.00 to $475.00 and gave the company an "outperform" rating in a report on Wednesday, July 29th. Stifel Nicolaus set a $500.00 price target on shares of Celestica in a research note on Tuesday, July 28th. Bank of America reissued a "buy" rating on shares of Celestica in a research report on Wednesday, July 29th. BWS Financial reissued a "buy" rating on shares of Celestica in a research note on Tuesday, July 28th. Finally, Royal Bank Of Canada set a $450.00 price objective on shares of Celestica and gave the company an "outperform" rating in a report on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $439.81.

Insider Buying and Selling at Celestica

In other Celestica news, CFO Mandeep Chawla sold 17,000 shares of the firm's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $399.65, for a total value of $6,794,050.00. Following the sale, the chief financial officer directly owned 82,444 shares in the company, valued at $32,948,744.60. This trade represents a 17.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert Mionis sold 98,453 shares of Celestica stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total value of $36,328,172.47. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 356,553 shares of company stock worth $135,238,444 in the last three months. 1.10% of the stock is currently owned by corporate insiders.

About Celestica

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company's service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.

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