Lifestyle Asset Management Inc. Has $1.59 Million Stock Holdings in Celestica, Inc. $CLS

Key Points

• Lifestyle Asset Management Inc. increased its stake in Celestica, Inc. by 35.5%, now holding a total of 10,210 shares valued at approximately $1,594,000.
• Celestica reported a 21% revenue increase year-over-year for Q2, achieving earnings of $1.39 per share, surpassing expectations by $0.16.
• Analysts have raised Celestica's target prices significantly, with JPMorgan Chase & Co. setting a new target at $295.00, while the consensus rating remains at "Buy."

Lifestyle Asset Management Inc. raised its position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 35.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,210 shares of the technology company's stock after purchasing an additional 2,675 shares during the quarter. Celestica accounts for 0.7% of Lifestyle Asset Management Inc.'s investment portfolio, making the stock its 27th biggest holding. Lifestyle Asset Management Inc.'s holdings in Celestica were worth $1,594,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Rothschild Investment LLC acquired a new stake in Celestica during the 1st quarter valued at $26,000. ORG Partners LLC purchased a new position in shares of Celestica during the 1st quarter valued at $29,000. Center for Financial Planning Inc. purchased a new position in shares of Celestica during the 1st quarter valued at $30,000. Farther Finance Advisors LLC grew its holdings in shares of Celestica by 1,516.7% during the 1st 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 in the last quarter. Finally, Flaharty Asset Management LLC purchased a new position in shares of Celestica during the 1st quarter valued at $63,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Price Performance

Shares of NYSE CLS traded down $3.15 during mid-day trading on Friday, hitting $248.89. 1,537,709 shares of the stock were exchanged, compared to its average volume of 4,201,547. 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 company has a market cap of $28.63 billion, a P/E ratio of 53.93 and a beta of 1.89. The stock's fifty day simple moving average is $200.42 and its two-hundred day simple moving average is $138.88. Celestica, Inc. has a twelve month low of $48.18 and a twelve month high of $258.16.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.23 by $0.16. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.65 billion. Celestica had a net margin of 5.11% and a return on equity of 28.23%. Celestica's revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 earnings per share. 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, analysts forecast that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CLS shares. JPMorgan Chase & Co. boosted their price target on shares of Celestica from $225.00 to $295.00 and gave the company an "overweight" rating in a report on Monday, September 8th. CICC Research initiated coverage on shares of Celestica in a report on Tuesday, August 19th. They issued an "outperform" rating for the company. Canaccord Genuity Group upped their price objective on shares of Celestica from $126.00 to $240.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Royal Bank Of Canada upped their price objective on shares of Celestica from $185.00 to $225.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $130.00 price objective (up from $118.00) on shares of Celestica in a report on Thursday, May 22nd. Two investment 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, the company has a consensus rating of "Buy" and a consensus price target of $174.75.

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.