Vident Advisory LLC Decreases Stake in Celestica, Inc. $CLS

Key Points

• Vident Advisory LLC reduced its holdings in Celestica, Inc. by 40.9%, selling 25,575 shares and now owning 36,918 shares valued at approximately $2.91 million.
• The company reported $1.39 earnings per share for the last quarter, exceeding analysts' expectations and marking a revenue increase of 21% year-over-year.
• Analysts have raised their target prices for Celestica, with JPMorgan increasing its target from $170 to $225, reflecting strong investor sentiment as the company receives multiple buy ratings.

Vident Advisory LLC decreased its stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 40.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,918 shares of the technology company's stock after selling 25,575 shares during the quarter. Vident Advisory LLC's holdings in Celestica were worth $2,910,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Consolidated Planning Corp purchased a new position in shares of Celestica in the 1st quarter valued at about $3,361,000. BNP Paribas Financial Markets boosted its holdings in Celestica by 79.3% in the first 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 in the last quarter. Summerhill Capital Management lnc. acquired a new position in Celestica in the first quarter valued at approximately $2,283,000. Nations Financial Group Inc. IA ADV boosted its holdings in Celestica by 8.4% in the first quarter. Nations Financial Group Inc. IA ADV now owns 17,243 shares of the technology company's stock valued at $1,359,000 after purchasing an additional 1,341 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in Celestica by 39.3% in the fourth quarter. Mackenzie Financial Corp now owns 761,084 shares of the technology company's stock valued at $70,164,000 after purchasing an additional 214,872 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company's stock.

Celestica Stock Performance

Shares of Celestica stock traded up $21.49 during trading hours on Friday, hitting $242.83. 7,585,021 shares of the company were exchanged, compared to its average volume of 4,270,019. Celestica, Inc. has a 1 year low of $40.65 and a 1 year high of $257.40. The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. The business has a 50-day moving average of $182.18 and a 200-day moving average of $129.69. The stock has a market capitalization of $27.93 billion, a price-to-earnings ratio of 52.56 and a beta of 1.89.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly 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. 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 analysts' expectations of $2.65 billion. During the same quarter in the prior year, the business earned $0.91 earnings per share. The company's quarterly revenue 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. As a group, analysts expect that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CLS shares. JPMorgan Chase & Co. upped their price target on Celestica from $170.00 to $225.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Barclays upped their price target on Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Royal Bank Of Canada upped their price target on Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Citigroup raised their price target on Celestica from $172.00 to $212.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Finally, BMO Capital Markets restated an "outperform" rating and set a $130.00 price target (up previously from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $168.92.

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.