Silver Oak Securities Incorporated Takes $710,000 Position in Celestica, Inc. $CLS

Key Points

• Silver Oak Securities Incorporated has acquired a new stake in Celestica, Inc. valued at approximately $710,000, purchasing 4,548 shares during the second quarter.
• Celestica recently reported earnings of $1.39 per share for the last quarter, surpassing analysts' expectations and showing a 21% increase in revenue year-over-year.
• Various analysts have upgraded their ratings on Celestica, with Canaccord Genuity increasing its price target from $126.00 to $240.00 and JPMorgan Chase raising it from $225.00 to $295.00.

Silver Oak Securities Incorporated purchased a new stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,548 shares of the technology company's stock, valued at approximately $710,000.

Other institutional investors also recently made changes to their positions in the company. Voya Investment Management LLC lifted its holdings in Celestica by 362.8% during 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 last quarter. Alkeon Capital Management LLC bought a new position in Celestica during the 1st quarter worth $96,936,000. Alliancebernstein L.P. grew its stake in shares of Celestica by 405.5% in the first quarter. Alliancebernstein L.P. now owns 731,937 shares of the technology company's stock valued at $57,684,000 after acquiring an additional 587,145 shares in the last quarter. JAT Capital Mgmt LP acquired a new position in shares of Celestica in the first quarter valued at about $40,077,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Celestica by 79.3% in the first quarter. BNP Paribas Financial Markets now owns 991,776 shares of the technology company's stock valued at $78,162,000 after acquiring an additional 438,762 shares in the last quarter. Institutional investors own 67.38% of the company's stock.

Analyst Upgrades and Downgrades

CLS has been the subject of a number of recent research reports. Canaccord Genuity Group boosted their price objective on shares of Celestica from $126.00 to $240.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. BNP Paribas upgraded shares of Celestica to a "strong-buy" rating in a research report on Wednesday, June 11th. Wall Street Zen downgraded shares of Celestica from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th. UBS Group restated a "neutral" rating and set a $208.00 price objective (up previously from $101.00) on shares of Celestica in a research note on Wednesday, July 30th. Finally, JPMorgan Chase & Co. increased their target price on Celestica from $225.00 to $295.00 and gave the stock an "overweight" rating in a report on Monday, September 8th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $174.75.

Celestica Stock Up 0.3%

Celestica stock opened at $252.72 on Monday. 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 52-week low of $48.18 and a 52-week high of $258.16. The firm has a 50 day moving average price of $202.25 and a two-hundred day moving average price of $140.75. The firm has a market cap of $29.07 billion, a price-to-earnings ratio of 54.70 and a beta of 1.89.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its quarterly earnings data on Monday, July 28th. The technology company reported $1.39 earnings per share for the quarter, topping 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 company had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.65 billion. During the same period in the prior year, the company posted $0.91 earnings per share. Celestica's revenue for the quarter 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 analysts predict that Celestica, Inc. will post 4.35 EPS for the current year.

Celestica Company 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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