Kathmere Capital Management LLC Sells 2,494 Shares of Celestica, Inc. $CLS

Key Points

• Kathmere Capital Management LLC sold 2,494 shares of Celestica, Inc. during Q2, reducing its holdings by 28.7%, now owning 6,190 shares valued at $966,000.
• Institutional ownership of Celestica stands at 67.38%, with multiple hedge funds increasing their positions in the company, including a significant 362.8% rise by Voya Investment Management LLC.
• Celestica's latest quarterly earnings report showed a 21.0% revenue increase year-over-year, with EPS of $1.39, surpassing estimates, and provided an EPS guidance of 1.370-1.530 for Q3 2025.

Kathmere Capital Management LLC lowered its position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 28.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,190 shares of the technology company's stock after selling 2,494 shares during the quarter. Kathmere Capital Management LLC's holdings in Celestica were worth $966,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Celestica by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 4,514,605 shares of the technology company's stock worth $356,135,000 after buying an additional 35,690 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of Celestica by 362.8% in the 1st quarter. Voya Investment Management LLC now owns 1,854,085 shares of the technology company's stock worth $146,122,000 after purchasing an additional 1,453,473 shares during the period. Royal Bank of Canada raised its holdings in shares of Celestica by 1.5% in the 1st quarter. Royal Bank of Canada now owns 1,280,563 shares of the technology company's stock worth $100,922,000 after purchasing an additional 19,391 shares during the period. Alkeon Capital Management LLC bought a new stake in shares of Celestica in the 1st quarter worth approximately $96,936,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Celestica by 79.3% in the 1st quarter. BNP Paribas Financial Markets now owns 991,776 shares of the technology company's stock worth $78,162,000 after purchasing an additional 438,762 shares during the period. Institutional investors own 67.38% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. CICC Research assumed coverage on shares of Celestica in a report on Tuesday, August 19th. They issued an "outperform" rating on the stock. Royal Bank Of Canada lifted their price target on shares of Celestica from $185.00 to $225.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Barclays lifted their price target on shares of Celestica from $146.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. BNP Paribas reaffirmed an "outperform" rating and issued a $300.00 price target on shares of Celestica in a report on Thursday. Finally, Citigroup lifted their price target on shares of Celestica from $172.00 to $212.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $184.38.

Celestica Stock Down 0.1%

Shares of NYSE:CLS opened at $244.30 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.44. The firm has a market capitalization of $28.10 billion, a PE ratio of 52.88 and a beta of 1.89. The firm has a fifty day moving average of $210.97 and a 200 day moving average of $146.00. Celestica, Inc. has a 52-week low of $48.97 and a 52-week high of $261.83.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its quarterly earnings data 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 firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the prior year, the firm posted $0.91 earnings per share. The company's quarterly 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. As a group, research analysts anticipate that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

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.

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