J.Safra Asset Management Corp Makes New $1.79 Million Investment in Celestica, Inc. $CLS

Key Points

• J.Safra Asset Management initiated a $1.79 million position in Celestica during the second quarter, purchasing 4,895 shares. Institutional investors collectively own 67.38% of the company.
• Analysts remain broadly bullish, with 21 Buy and one Strong Buy rating among 24 analysts. Celestica has a consensus “Moderate Buy” rating and an average price target of $438.86.
• Celestica reported strong quarterly results, including 62.4% year-over-year revenue growth to $4.68 billion and EPS of $2.54, beating estimates. However, executives sold substantial stakes, including CEO Robert Mionis reducing his direct holdings by roughly 50%, while the stock remains volatile after a significant run-up.

J.Safra Asset Management Corp purchased a new position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,895 shares of the technology company's stock, valued at approximately $1,786,000.

Several other hedge funds also recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Celestica during the fourth quarter worth $28,000. Ascentis Independent Advisors bought a new stake in Celestica in the 1st quarter valued at $29,000. Swiss RE Ltd. bought a new stake in Celestica in the 4th quarter valued at $29,000. Cullen Frost Bankers Inc. acquired a new stake in Celestica in the 4th quarter worth $30,000. Finally, Sittner & Nelson LLC acquired a new stake in Celestica in the 4th quarter worth $31,000. 67.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on CLS. Royal Bank Of Canada upped their price objective on shares of Celestica from $440.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday, July 29th. Scotiabank started coverage on Celestica in a research report on Tuesday, August 11th. They set a "sector outperform" rating and a $500.00 target price on the stock. TD boosted their price target on Celestica from $330.00 to $350.00 and gave the company a "hold" rating in a research note on Monday, April 20th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $475.00 price target on shares of Celestica in a report on Tuesday, April 28th. Finally, Canadian Imperial Bank of Commerce raised their price objective on Celestica from $480.00 to $500.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Celestica has a consensus rating of "Moderate Buy" and a consensus target price of $438.86.

Celestica News Roundup

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Bank of America identified Celestica among 16 AI-related stocks that may offer bargain opportunities following the sector’s pullback. The designation supports the view that recent weakness could attract value-oriented investors. Bank of America Sees Bargains in These 16 Knocked-Down AI Stocks
• Positive Sentiment: Wall Street’s average brokerage recommendation remains favorable, although the reports caution that sell-side ratings can be overly optimistic. Celestica’s prior quarterly results also showed strong momentum, with revenue rising 62.4% year over year and earnings exceeding consensus estimates. Is Celestica a Buy as Wall Street Analysts Look Optimistic?
• Positive Sentiment: Analysts continue to view Celestica as an important beneficiary of AI-related demand across networking, computing and data-center infrastructure. A comparison with Arista Networks highlights the company’s potential growth opportunity as customers expand AI capacity. CLS vs. ANET: Which AI Stock Offers the Better Growth Opportunity?
• Neutral Sentiment: Scotiabank began coverage of Celestica, potentially increasing analyst visibility and institutional interest, though the available report does not specify the firm’s rating or price target. Scotiabank Begins Coverage on Celestica
• Positive Sentiment: Industry commentary says electronics-manufacturing providers are benefiting from rising technology investment, increasingly complex products and greater outsourcing by OEMs—favorable long-term conditions for Celestica’s core business. These 4 Electronics-Manufacturing Stocks Are Surging
• Negative Sentiment: CEO Robert Mionis sold 23,496 shares for approximately $8.5 million, reducing his direct ownership by about 50%. Although the transaction was disclosed through an SEC filing and may be routine, the sizable insider sale can weigh on sentiment, particularly after the stock’s substantial run-up.
• Negative Sentiment: The broader AI trade is experiencing a pullback, creating near-term valuation and momentum pressure for high-beta names such as Celestica. Investors may therefore be taking profits despite the company’s favorable growth outlook.

Insider Activity at Celestica

In related news, CFO Mandeep Chawla sold 16,117 shares of the firm's 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 completion of the transaction, the chief financial officer owned 65,444 shares in the company, valued at $24,169,778.08. This trade represents a 19.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert Mionis sold 23,496 shares of the business's stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $362.39, for a total value of $8,514,715.44. Following the completion of the sale, the chief executive officer directly owned 23,396 shares in the company, valued at approximately $8,478,476.44. This represents a 50.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 360,721 shares of company stock worth $136,627,680. Corporate insiders own 1.10% of the company's stock.

Celestica Price Performance

NYSE:CLS opened at $334.44 on Monday. The company has a 50-day moving average of $348.14 and a 200-day moving average of $335.47. The company has a market capitalization of $38.45 billion, a price-to-earnings ratio of 34.76 and a beta of 2.06. Celestica, Inc. has a 52 week low of $173.23 and a 52 week high of $474.02. 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 (NYSE:CLS - Get Free Report) TSE: CLS last issued its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, beating 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 previous year, the business earned $1.39 EPS. The firm'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 anticipate that Celestica, Inc. will post 9.97 earnings per share for the current fiscal year.

Celestica Profile

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.

Want to see what other hedge funds are holding CLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source