83,240 Shares in Celestica, Inc. $CLS Bought by Korea Investment CORP

Key Points

• Korea Investment CORP acquired a new stake in Celestica, Inc., purchasing 83,240 shares valued at approximately $6.57 million, increasing its ownership to 0.07% of the company.
• Multiple large investors are entering the market for Celestica, with firms like Rothschild Investment and ORG Partners making new purchases during the first quarter.
• Wall Street analysts have generally upgraded their outlook on the stock, with target prices ranging from $220.00 to $240.00, reflecting a strong buy sentiment.

Korea Investment CORP bought a new position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 83,240 shares of the technology company's stock, valued at approximately $6,566,000. Korea Investment CORP owned approximately 0.07% of Celestica at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CLS. Consolidated Planning Corp purchased a new position in Celestica during the first quarter worth about $3,361,000. Summerhill Capital Management lnc. bought a new position in shares of Celestica in the 1st quarter worth $2,283,000. Nations Financial Group Inc. IA ADV raised its position in shares of Celestica by 8.4% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 17,243 shares of the technology company's stock valued at $1,359,000 after buying an additional 1,341 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Celestica by 39.3% during the 4th quarter. Mackenzie Financial Corp now owns 761,084 shares of the technology company's stock worth $70,164,000 after acquiring an additional 214,872 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in Celestica in the first quarter worth $819,000. Institutional investors own 67.38% of the company's stock.

Celestica Stock Up 2.1%

CLS stock traded up $3.95 during trading on Monday, hitting $192.87. 1,871,611 shares of the stock traded hands, compared to its average volume of 3,993,985. The stock has a market cap of $22.19 billion, a price-to-earnings ratio of 41.75 and a beta of 1.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.86. Celestica, Inc. has a 1 year low of $40.65 and a 1 year high of $218.80. The firm's 50 day moving average is $171.83 and its two-hundred day moving average is $125.51.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings data on Monday, July 28th. The technology company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.23 by $0.16. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.65 billion. Celestica had a return on equity of 28.23% and a net margin of 5.11%.Celestica's revenue for the quarter was up 21.0% on a year-over-year basis. During the same period last year, the company earned $0.91 EPS. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. On average, sell-side analysts anticipate that Celestica, Inc. will post 4.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CLS shares. BNP Paribas upgraded shares of Celestica to a "strong-buy" rating in a research report on Wednesday, June 11th. Argus lowered their price target on shares of Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Citigroup raised their price objective on Celestica from $172.00 to $212.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Barclays boosted their target price on Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Finally, JPMorgan Chase & Co. increased their price objective on Celestica from $170.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, Celestica presently has a consensus rating of "Buy" and an average target price of $168.92.

About Celestica

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.