Celestica, Inc. $CLS Shares Purchased by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors LLC increased its stake in Celestica, Inc. (CLS) by 267.9% in Q2, now holding 2,498 shares valued at $390,000.
• Celestica reported strong Q2 earnings with $1.39 EPS, surpassing estimates, and revenue of $2.89 billion, reflecting a 21% year-over-year growth.
• Analysts have varying ratings on CLS shares, with one "Strong Buy", eleven "Buy", and two "Hold" ratings, and a consensus price target of $184.38.

Farther Finance Advisors LLC grew its position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 267.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,498 shares of the technology company's stock after purchasing an additional 1,819 shares during the period. Farther Finance Advisors LLC's holdings in Celestica were worth $390,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Rothschild Investment LLC acquired a new position in Celestica during the 1st quarter worth about $26,000. ORG Partners LLC purchased a new stake in Celestica during the first quarter worth about $29,000. Center for Financial Planning Inc. acquired a new stake in shares of Celestica during the first quarter worth about $30,000. Flaharty Asset Management LLC purchased a new position in shares of Celestica in the first quarter valued at approximately $63,000. Finally, Gordian Capital Singapore Pte Ltd boosted its stake in shares of Celestica by 8,910.0% in the first quarter. Gordian Capital Singapore Pte Ltd now owns 901 shares of the technology company's stock valued at $71,000 after purchasing an additional 891 shares during the period. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Stock Down 0.1%

CLS stock opened at $244.30 on Monday. The stock has a market cap of $28.10 billion, a P/E ratio of 52.88 and a beta of 1.89. The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. Celestica, Inc. has a twelve month low of $48.97 and a twelve month high of $261.83. The company's 50 day moving average is $210.97 and its two-hundred day moving average is $146.41.

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 (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 during the quarter, compared to analysts' expectations of $2.65 billion. During the same quarter in the prior year, the business posted $0.91 EPS. The company's revenue for the quarter 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. Research analysts expect that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CLS shares. UBS Group reiterated a "neutral" rating and set a $208.00 target price (up from $101.00) on shares of Celestica in a report on Wednesday, July 30th. JPMorgan Chase & Co. upped their price objective on Celestica from $225.00 to $295.00 and gave the stock an "overweight" rating in a research report on Monday, September 8th. Wall Street Zen lowered Celestica from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. Barclays upped their price target on Celestica from $146.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Finally, Canaccord Genuity Group lifted their price objective on Celestica from $126.00 to $240.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $184.38.

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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