Celestica, Inc. $CLS Stock Purchased by Gunderson Capital Management LLC

Key Points

• Gunderson Capital Management increased its Celestica stake by 49.6% in the third quarter, bringing its holdings to 19,630 shares valued at approximately $7.1 million. Institutional investors and hedge funds collectively own 67.38% of the company.
• Celestica shares fell 5.1% to $306.78, well below their 50-day and 200-day moving averages. The stock has a market capitalization of $35.27 billion and a one-year trading range of $244.51 to $474.02.
• Analysts remain broadly bullish, with 23 Buy ratings and one Hold rating producing a consensus “Moderate Buy” rating and a $450.50 price target. The company also reported quarterly EPS and revenue above expectations, while insiders have sold about $89.2 million of stock over the past 90 days.

Gunderson Capital Management LLC increased its stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 49.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,630 shares of the technology company's stock after buying an additional 6,508 shares during the quarter. Celestica comprises 1.9% of Gunderson Capital Management LLC's holdings, making the stock its 24th largest position. Gunderson Capital Management LLC's holdings in Celestica were worth $7,095,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Formuepleje A S acquired a new stake in Celestica during the third quarter worth about $532,000. Nvwm LLC grew its stake in shares of Celestica by 12.5% in the third quarter. Nvwm LLC now owns 911 shares of the technology company's stock valued at $330,000 after buying an additional 101 shares in the last quarter. HBW Advisory Services LLC increased its stake in Celestica by 8.6% during the third quarter. HBW Advisory Services LLC now owns 596 shares of the technology company's stock worth $215,000 after purchasing an additional 47 shares during the period. Mather Group LLC. increased its stake in Celestica by 266.7% during the 3rd quarter. Mather Group LLC. now owns 121 shares of the technology company's stock worth $44,000 after buying an additional 88 shares during the period. Finally, Mezzasalma Advisors LLC boosted its holdings in Celestica by 11.4% in the third quarter. Mezzasalma Advisors LLC now owns 12,588 shares of the technology company's stock valued at $4,550,000 after purchasing an additional 1,285 shares during the period. Institutional investors and hedge funds own 67.38% of the company's stock.

Celestica Trading Down 5.1%

Celestica stock traded down $16.54 during trading on Thursday, hitting $306.78. The company's stock had a trading volume of 2,559,094 shares, compared to its average volume of 2,401,698. The stock's fifty day moving average is $333.08 and its 200 day moving average is $350.35. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23. Celestica, Inc. has a 1-year low of $244.51 and a 1-year high of $474.02. The stock has a market capitalization of $35.27 billion, a price-to-earnings ratio of 31.90 and a beta of 2.01.

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, topping the consensus estimate of $2.29 by $0.25. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The business had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period in the prior year, the firm posted $1.39 EPS. The company's revenue was up 62.4% on a year-over-year basis. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. As a group, equities research analysts predict that Celestica, Inc. will post 10.71 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CLS. TD Cowen restated a "buy" rating on shares of Celestica in a research note on Wednesday, September 16th. TD set a $430.00 price objective on shares of Celestica and gave the stock a "buy" rating in a research report on Wednesday, September 16th. Wolfe Research raised their price target on Celestica from $425.00 to $475.00 and gave the company an "outperform" rating in a report on Wednesday, July 29th. Canadian Imperial Bank of Commerce upped their target price on shares of Celestica from $480.00 to $500.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 29th. Finally, BWS Financial reiterated a "buy" rating on shares of Celestica in a research report on Tuesday, July 28th. Twenty-three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $450.50.

Insider Activity at Celestica

In other Celestica news, CEO Robert Mionis sold 98,453 shares of the company's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total transaction of $36,328,172.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Todd Cooper sold 20,118 shares of Celestica stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $360.00, for a total value of $7,242,480.00. Following the completion of the transaction, the president directly owned 73,252 shares in the company, valued at $26,370,720. This represents a 21.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 243,067 shares of company stock worth $89,200,967. 1.10% of the stock is owned by insiders.

About Celestica

Celestica Inc NYSE: CLS is a global provider of design, manufacturing, and supply-chain services for original equipment manufacturers and other technology companies. The company helps customers develop, produce, deploy, and support complex hardware and electronic systems, serving industries such as communications, enterprise technology, aerospace and defense, industrial technology, health care, and semiconductor equipment.

Its services include product design and engineering, printed circuit board and systems assembly, manufacturing, testing, logistics, aftermarket support, and supply-chain management.

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