Jump Financial LLC Has $4.78 Million Stock Position in Celestica, Inc. $CLS

Key Points

• Jump Financial LLC increased its holdings in Celestica, Inc. by 128.9%, now owning 60,625 shares valued at approximately $4.78 million.
• Celestica's recent quarterly earnings showed an EPS of $1.39, beating estimates and representing a 21% year-over-year revenue growth.
• Wall Street analysts have generally upgraded their ratings on Celestica, with target prices ranging from $120 to $225, indicating a positive outlook for the stock.

Jump Financial LLC boosted its position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 128.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,625 shares of the technology company's stock after acquiring an additional 34,138 shares during the period. Jump Financial LLC owned 0.05% of Celestica worth $4,778,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CLS. Rothschild Investment LLC acquired a new position in shares of Celestica during the 1st quarter worth about $26,000. ORG Partners LLC bought a new position in Celestica in the 1st quarter worth approximately $29,000. Center for Financial Planning Inc. acquired a new position in shares of Celestica during the first quarter worth approximately $30,000. Farther Finance Advisors LLC boosted its position in shares of Celestica by 1,516.7% in the first quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company's stock valued at $54,000 after acquiring an additional 637 shares during the period. Finally, Private Trust Co. NA grew its stake in shares of Celestica by 14.1% in the first quarter. Private Trust Co. NA now owns 993 shares of the technology company's stock worth $78,000 after acquiring an additional 123 shares during the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Price Performance

Celestica stock traded down $17.21 during trading hours on Friday, hitting $195.12. 3,928,552 shares of the stock were exchanged, compared to its average volume of 2,909,284. The business's 50-day moving average is $177.19 and its two-hundred day moving average is $127.57. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.44. Celestica, Inc. has a 12 month low of $40.65 and a 12 month high of $218.80. The stock has a market capitalization of $22.45 billion, a P/E ratio of 42.23 and a beta of 1.80.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.23 by $0.16. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The business had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.65 billion. During the same period in the prior year, the firm earned $0.91 earnings per share. Celestica's revenue was up 21.0% compared to the same quarter last year. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. Equities research analysts expect that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CLS. Royal Bank Of Canada upped their target price on shares of Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Canaccord Genuity Group upped their price objective on shares of Celestica from $126.00 to $240.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Wall Street Zen upgraded shares of Celestica from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. BNP Paribas upgraded Celestica to a "strong-buy" rating in a research note on Wednesday, June 11th. Finally, CICC Research assumed coverage on Celestica in a report on Tuesday, August 19th. They issued an "outperform" rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $168.92.

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.