Celestica, Inc. $CLS Shares Sold by Elite Wealth Management Inc.

Key Points

• Elite Wealth Management Inc. reduced its stake in Celestica, Inc. by 63.8% during the second quarter, now holding 31,773 shares worth approximately $4.96 million.
• Several institutional investors, including Voya Investment Management LLC and BNP Paribas Financial Markets, significantly increased their holdings in Celestica during the first quarter, indicating robust institutional interest.
• Celestica reported strong earnings with an EPS of $1.39 for the last quarter, surpassing estimates and marking a 21% year-over-year revenue growth.

Elite Wealth Management Inc. reduced its position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 63.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,773 shares of the technology company's stock after selling 56,119 shares during the quarter. Celestica comprises approximately 1.6% of Elite Wealth Management Inc.'s investment portfolio, making the stock its 7th largest position. Elite Wealth Management Inc.'s holdings in Celestica were worth $4,960,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Celestica by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 4,514,605 shares of the technology company's stock valued at $356,135,000 after purchasing an additional 35,690 shares during the last quarter. Voya Investment Management LLC grew its holdings in Celestica by 362.8% in the 1st quarter. Voya Investment Management LLC now owns 1,854,085 shares of the technology company's stock valued at $146,122,000 after buying an additional 1,453,473 shares in the last quarter. Royal Bank of Canada grew its holdings in Celestica by 1.5% in the 1st quarter. Royal Bank of Canada now owns 1,280,563 shares of the technology company's stock valued at $100,922,000 after buying an additional 19,391 shares in the last quarter. Alkeon Capital Management LLC purchased a new stake in Celestica in the 1st quarter valued at $96,936,000. Finally, BNP Paribas Financial Markets grew its holdings in Celestica by 79.3% in the 1st quarter. BNP Paribas Financial Markets now owns 991,776 shares of the technology company's stock valued at $78,162,000 after buying an additional 438,762 shares in the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CLS shares. BNP Paribas restated an "outperform" rating and issued a $300.00 target price on shares of Celestica in a report on Thursday, September 25th. TD Cowen restated a "hold" rating and issued a $238.00 target price on shares of Celestica in a report on Friday, October 3rd. UBS Group restated a "neutral" rating and issued a $208.00 target price (up from $101.00) on shares of Celestica in a report on Wednesday, July 30th. CICC Research started coverage on Celestica in a report on Tuesday, August 19th. They issued an "outperform" rating for the company. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Celestica in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $207.38.

Celestica Stock Performance

Shares of Celestica stock opened at $260.00 on Friday. The business has a 50-day moving average of $223.32 and a 200 day moving average of $155.17. Celestica, Inc. has a 12 month low of $55.30 and a 12 month high of $261.83. The stock has a market capitalization of $29.91 billion, a price-to-earnings ratio of 56.28 and a beta of 1.88. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.86.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its earnings results on Monday, July 28th. The technology company reported $1.39 EPS for the quarter, beating 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 company had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.65 billion. During the same period last year, the business posted $0.91 EPS. Celestica'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. As a group, sell-side analysts forecast 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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