Celestica, Inc. $CLS is Broad Peak Investment Advisers Pte Ltd's Largest Position

Key Points

• Broad Peak Investment Advisers Pte Ltd has increased its holdings in Celestica, Inc. by 15.9%, making it the largest stock position for the firm, accounting for 15.7% of its overall holdings.
• Wall Street analysts have significantly raised their price targets for Celestica, with Barclays and JPMorgan Chase & Co. setting targets at $220.00 and $295.00 respectively, reflecting an overall bullish sentiment.
• Celestica's recent earnings report showed an EPS of $1.39, surpassing expectations and indicating a 21% year-over-year revenue growth with $2.89 billion in revenue for the quarter.

Broad Peak Investment Advisers Pte Ltd lifted its holdings in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 15.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 322,142 shares of the technology company's stock after acquiring an additional 44,142 shares during the quarter. Celestica accounts for 15.7% of Broad Peak Investment Advisers Pte Ltd's holdings, making the stock its biggest position. Broad Peak Investment Advisers Pte Ltd owned approximately 0.28% of Celestica worth $50,290,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. ORG Partners LLC acquired a new stake in shares of Celestica in the first quarter worth $29,000. Center for Financial Planning Inc. acquired a new stake in shares of Celestica in the first quarter worth $30,000. ST Germain D J Co. Inc. acquired a new stake in shares of Celestica in the second quarter worth $37,000. Farther Finance Advisors LLC increased its stake in shares of Celestica by 1,516.7% in the first quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company's stock worth $54,000 after acquiring an additional 637 shares during the period. Finally, Wolff Wiese Magana LLC increased its stake in shares of Celestica by 45.6% in the second quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company's stock worth $57,000 after acquiring an additional 114 shares during the period. Institutional investors and hedge funds own 67.38% of the company's stock.

Wall Street Analysts Forecast Growth

CLS has been the topic of a number of research reports. Barclays increased 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. JPMorgan Chase & Co. raised their price target on shares of Celestica from $225.00 to $295.00 and gave the company an "overweight" rating in a research report on Monday, September 8th. Royal Bank Of Canada raised their price target on shares of Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. CICC Research assumed coverage on shares of Celestica in a research report on Tuesday, August 19th. They set an "outperform" rating on the stock. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Celestica in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $207.38.

Celestica Stock Up 7.0%

CLS stock opened at $260.84 on Tuesday. The firm has a market cap of $30.00 billion, a PE ratio of 56.46 and a beta of 1.88. 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's fifty day moving average is $225.48 and its 200 day moving average is $158.41. Celestica, Inc. has a one year low of $55.30 and a one year high of $270.15.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.16. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same quarter last year, the business earned $0.91 earnings per share. The company's revenue for the quarter was up 21.0% compared to the same quarter last year. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. On average, research analysts forecast that Celestica, Inc. will post 4.35 EPS for the current year.

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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