Pictet Asset Management Holding SA Boosts Stock Position in Celestica, Inc. $CLS

Key Points

• Pictet Asset Management increased its stake in Celestica by 17.4% in Q4 to 58,947 shares (about $17.46M), contributing to institutional ownership of roughly 67.38%.
• Celestica reported a Q1 EPS beat, raised FY guidance and saw revenue up 52.8% year‑over‑year, while major banks raised price targets (consensus target ~$427), signaling stronger analyst sentiment.
• Despite the upbeat outlook, shares have been volatile (including an intraday ~14% drop after an Enterprise revenue miss) and insiders have sold large stakes recently—297,923 shares worth about $88M over the last 90 days—adding a potential caution.

Pictet Asset Management Holding SA lifted its position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 17.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,947 shares of the technology company's stock after buying an additional 8,749 shares during the period. Pictet Asset Management Holding SA owned about 0.05% of Celestica worth $17,462,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CLS. Pinney & Scofield Inc. lifted its holdings in shares of Celestica by 20.0% in the 3rd quarter. Pinney & Scofield Inc. now owns 180 shares of the technology company's stock worth $44,000 after acquiring an additional 30 shares during the last quarter. LeConte Wealth Management LLC grew its holdings in shares of Celestica by 3.5% during the 4th quarter. LeConte Wealth Management LLC now owns 1,001 shares of the technology company's stock valued at $296,000 after purchasing an additional 34 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Celestica by 42.5% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company's stock worth $31,000 after purchasing an additional 37 shares during the period. World Equity Group Inc. lifted its stake in Celestica by 1.7% in the third quarter. World Equity Group Inc. now owns 2,263 shares of the technology company's stock worth $558,000 after purchasing an additional 38 shares during the last quarter. Finally, Terra Nova Asset Management LLC boosted its position in Celestica by 2.3% during the fourth quarter. Terra Nova Asset Management LLC now owns 1,686 shares of the technology company's stock valued at $498,000 after buying an additional 38 shares during the period. Hedge funds and other institutional investors own 67.38% of the company's stock.

Celestica News Summary

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Zacks upgraded Celestica to a Zacks Rank #1 (Strong Buy), boosting near‑term buying interest by highlighting stronger earnings prospects. All You Need to Know About Celestica (CLS) Rating Upgrade to Strong Buy
• Positive Sentiment: Analysts collectively raised Celestica’s revenue forecasts (reported as a ~10% lift), which supports higher valuation targets and signals improving outlook for end‑market demand. Industry Analysts Just Upgraded Celestica Inc. TSE: CLS Revenue Forecasts By 10%
• Positive Sentiment: Major banks raised price targets and reiterated buy/outperform calls: Goldman Sachs lifted its PT from $430 to $475 after an earnings beat; CIBC increased its PT to US$480 and kept an Outperformer rating; JPMorgan also raised its target to $425 and kept an overweight stance. These upgrades underpin investor confidence and act as near‑term buying catalysts. Goldman Sachs is Bullish on Celestica Inc. (CLS) CIBC Raises Celestica's Price Target to US$480 From US$425 Celestica NYSE: CLS Given New $425.00 Price Target at JPMorgan Chase & Co.
• Positive Sentiment: Company fundamentals: Celestica reported a Q1 EPS beat (reported EPS topped estimates) and raised FY guidance, which supports forward earnings multiple expansion. Analysts are citing improving revenue growth and margin dynamics. Celestica, Inc. (CLS) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Technical indicator: CLS recently crossed above its 20‑day moving average, a short‑term bullish technical signal that can attract momentum traders. Celestica (CLS) Crossed Above the 20-Day Moving Average: What That Means for Investors
• Negative Sentiment: Market reaction volatility: Despite strong Q1 EPS, shares previously plunged intraday (~14% reported) after investors focused on a revenue miss in the Enterprise segment and component‑shortage noise—this shows profit‑taking and sensitivity to execution risks. Celestica Stock Falls 14% Despite Posting Strong Q1 Results

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CLS shares. Susquehanna boosted their target price on Celestica from $460.00 to $510.00 and gave the company a "positive" rating in a research note on Wednesday. Barclays increased their price objective on Celestica from $391.00 to $441.00 and gave the company an "overweight" rating in a research note on Wednesday. TD Cowen raised shares of Celestica from a "hold" rating to a "buy" rating and lifted their target price for the stock from $350.00 to $430.00 in a research note on Wednesday. Canaccord Genuity Group increased their price target on shares of Celestica from $400.00 to $430.00 and gave the company a "buy" rating in a research report on Monday, February 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Celestica from $410.00 to $425.00 and gave the company an "overweight" rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Celestica has an average rating of "Moderate Buy" and an average price target of $427.42.

Celestica Price Performance

Shares of Celestica stock opened at $418.29 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The company has a market cap of $48.09 billion, a PE ratio of 50.58, a P/E/G ratio of 1.17 and a beta of 2.09. The business has a 50 day moving average of $313.88 and a 200 day moving average of $309.08. Celestica, Inc. has a 52 week low of $90.00 and a 52 week high of $426.55.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.08. The business had revenue of $3.96 billion for the quarter, compared to analysts' expectations of $3.97 billion. Celestica had a net margin of 6.95% and a return on equity of 36.91%. The firm's revenue for the quarter was up 52.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.20 earnings per share. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. As a group, equities research analysts forecast that Celestica, Inc. will post 8.91 earnings per share for the current year.

Insider Activity at Celestica

In other Celestica news, President Todd C. Cooper sold 89,484 shares of the company's stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $287.45, for a total transaction of $25,722,175.80. Following the transaction, the president owned 108,970 shares in the company, valued at approximately $31,323,426.50. This represents a 45.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Jason Phillips sold 100,000 shares of the firm's stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $308.92, for a total value of $30,892,000.00. Following the completion of the transaction, the president owned 12,584 shares of the company's stock, valued at approximately $3,887,449.28. The trade was a 88.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 297,923 shares of company stock worth $88,027,459 over the last 90 days. 1.10% of the stock is owned by company insiders.

Celestica Company 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.

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