Hsbc Holdings PLC Acquires 4,810 Shares of Celestica, Inc. $CLS

Key Points

• HSBC increased its Celestica stake by 67.4% in the second quarter, acquiring 4,810 shares and bringing its total holdings to 11,947 shares valued at approximately $3.95 million. Institutional investors collectively own 67.38% of the company.
• Celestica reported strong quarterly results, with EPS of $2.54 versus the $2.29 estimate and revenue of $4.68 billion, up 62.4% year over year. The company also issued fiscal 2026 EPS guidance of $11.30.
• Analysts remain broadly bullish, with a consensus “Buy” rating and average price target of $439.81, although company insiders sold 356,553 shares worth about $135.2 million over the past quarter.

Hsbc Holdings PLC raised its holdings in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 67.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 11,947 shares of the technology company's stock after acquiring an additional 4,810 shares during the quarter. Hsbc Holdings PLC's holdings in Celestica were worth $3,954,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Wellington Management Group LLP acquired a new position in shares of Celestica during the second quarter worth $294,573,000. Kingsview Wealth Management LLC acquired a new stake in Celestica in the second quarter valued at $1,464,000. Beacon Pointe Advisors LLC acquired a new stake in Celestica in the second quarter valued at $369,000. Empowered Funds LLC bought a new position in Celestica during the 2nd quarter worth $322,000. Finally, Equitable Holdings Inc. bought a new position in Celestica during the 2nd quarter worth $487,000. Institutional investors own 67.38% of the company's stock.

Celestica Stock Performance

Shares of CLS opened at $325.51 on Friday. Celestica, Inc. has a one year low of $227.00 and a one year high of $474.02. The company has a market cap of $37.43 billion, a PE ratio of 33.84 and a beta of 2.04. The stock has a 50-day moving average of $325.37 and a 200-day moving average of $337.14. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.25. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The business had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the prior year, the company earned $1.39 earnings per share. The company's quarterly 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. On average, equities research analysts predict that Celestica, Inc. will post 10.71 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on CLS. Scotiabank initiated coverage on shares of Celestica in a research report on Tuesday, August 11th. They set a "sector outperform" rating and a $500.00 price target on the stock. Canadian Imperial Bank of Commerce boosted their price objective on Celestica from $480.00 to $500.00 and gave the company an "outperform" rating in a research note on Wednesday, July 29th. Royal Bank Of Canada set a $450.00 target price on Celestica and gave the company an "outperform" rating in a research report on Wednesday, August 26th. Weiss Ratings downgraded Celestica from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, August 13th. Finally, Wall Street Zen lowered Celestica from a "buy" rating to a "hold" rating in a research note on Sunday, September 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $439.81.

Insiders Place Their Bets

In related news, CEO Robert Mionis sold 98,453 shares of Celestica stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total value of $36,328,172.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mandeep Chawla sold 17,000 shares of Celestica stock in a transaction on Monday, June 15th. The shares were sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the completion of the sale, the chief financial officer directly owned 82,444 shares of the company's stock, valued at approximately $32,948,744.60. The trade was a 17.10% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 356,553 shares of company stock worth $135,238,444. 1.10% of the stock is owned by company insiders.

About Celestica

Celestica Inc NYSE: CLS is a global provider of design, manufacturing, and supply chain solutions for technology companies and other businesses. The company helps customers develop, manufacture, and support complex electronic products and systems, offering services that span product design and engineering, prototyping, printed circuit board assembly, systems integration, testing, supply chain management, and after-market support.

Celestica serves customers across several markets, including communications and cloud infrastructure, aerospace and defense, industrial technology, health technology, and capital equipment.

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