Hsbc Holdings PLC Invests $3.95 Million in Celestica, Inc. $CLS

Key Points

• HSBC Holdings initiated a Celestica position worth approximately $3.95 million by purchasing 11,947 shares in the second quarter. Institutional investors collectively own 67.38% of the company.
• Analyst sentiment remains broadly positive, with one Strong Buy, 21 Buy and one Hold rating; the consensus rating is “Buy” with an average price target of $439.81.
• Celestica reported quarterly EPS of $2.54, beating estimates by $0.25, while revenue rose 62.4% year over year to $4.68 billion. However, the stock opened at $298.87, down 5.8%, and senior executives sold shares during the quarter.

Hsbc Holdings PLC bought a new position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 11,947 shares of the technology company's stock, valued at approximately $3,954,000.

Several other institutional investors have also recently added to or reduced their stakes in CLS. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Celestica by 5,806,149.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company's stock worth $1,081,323,000 after buying an additional 3,657,874 shares in the last quarter. Cibc World Market Inc. bought a new position in shares of Celestica in the second quarter valued at approximately $757,811,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Celestica in the 2nd quarter worth approximately $674,199,000. Viking Global Investors LP acquired a new position in shares of Celestica in the 3rd quarter worth approximately $424,459,000. Finally, Norges Bank bought a new stake in Celestica during the 4th quarter worth approximately $456,511,000. 67.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CLS shares. Barclays cut their price objective on Celestica from $430.00 to $406.00 and set an "overweight" rating for the company in a research report on Friday, August 7th. Stifel Nicolaus set a $500.00 target price on Celestica in a research note on Tuesday, July 28th. Weiss Ratings cut Celestica from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, August 13th. BWS Financial reiterated a "buy" rating on shares of Celestica in a research report on Tuesday, July 28th. Finally, Wall Street Zen downgraded shares of Celestica from a "buy" rating to a "hold" rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $439.81.

Insider Transactions at Celestica

In other news, CEO Robert Mionis sold 23,496 shares of Celestica stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $362.39, for a total transaction of $8,514,715.44. Following the completion of the sale, the chief executive officer owned 23,396 shares in the company, valued at $8,478,476.44. The trade was a 50.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Mandeep Chawla sold 16,117 shares of Celestica stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the sale, the chief financial officer owned 65,444 shares of the company's stock, valued at approximately $24,169,778.08. This represents a 19.76% 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 valued at $135,238,444. Corporate insiders own 1.10% of the company's stock.

Celestica Stock Down 5.8%

NYSE:CLS opened at $298.87 on Friday. The company has a market cap of $34.36 billion, a price-to-earnings ratio of 31.07 and a beta of 2.06. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23. The stock's fifty day moving average price is $333.42 and its two-hundred day moving average price is $335.61. Celestica, Inc. has a 52-week low of $183.66 and a 52-week high of $474.02.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, beating 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 company had revenue of $4.68 billion during the quarter, compared to analysts' expectations of $4.30 billion. During the same period last year, the firm earned $1.39 EPS. The business's revenue for the quarter 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, analysts anticipate that Celestica, Inc. will post 10.71 EPS for the current year.

About Celestica

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company's service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.

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