Tairen Capital Ltd Makes New $39.40 Million Investment in Celestica, Inc. $CLS

Key Points

• Tairen Capital initiated a $39.4 million position in Celestica during the second quarter, purchasing 108,000 shares. The investment represents about 3.5% of the fund’s portfolio and 0.09% of Celestica’s outstanding shares.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $439.81. Several firms recently upgraded the stock or raised their targets, although Barclays trimmed its target to $406.
• Celestica reported strong quarterly results, earning $2.54 per share on $4.68 billion in revenue, beating estimates and posting 62.4% year-over-year revenue growth. However, company insiders sold approximately $135.2 million worth of shares during the latest quarter.

Tairen Capital Ltd purchased a new position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 108,000 shares of the technology company's stock, valued at approximately $39,398,000. Celestica makes up about 3.5% of Tairen Capital Ltd's investment portfolio, making the stock its 10th biggest holding. Tairen Capital Ltd owned about 0.09% of Celestica as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Celestica during the fourth quarter valued at $28,000. Ascentis Independent Advisors bought a new stake in Celestica in the first quarter worth $29,000. Swiss RE Ltd. purchased a new stake in shares of Celestica in the fourth quarter worth $29,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Celestica in the fourth quarter worth $30,000. Finally, Sittner & Nelson LLC bought a new position in shares of Celestica during the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 67.38% of the company's stock.

Insider Activity at Celestica

In other Celestica news, CFO Mandeep Chawla sold 17,000 shares of the company's stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the completion of the sale, the chief financial officer directly owned 82,444 shares of the company's stock, valued at approximately $32,948,744.60. This represents a 17.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert Mionis sold 98,453 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total transaction of $36,328,172.47. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 356,553 shares of company stock worth $135,238,444 in the last quarter. Company insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CLS. TD Securities raised shares of Celestica from a "hold" rating to a "buy" rating and set a $430.00 price objective on the stock in a research report on Wednesday, April 29th. UBS Group raised shares of Celestica from a "neutral" rating to a "buy" rating and set a $430.00 target price for the company in a report on Monday. TD Cowen upgraded shares of Celestica from a "hold" rating to a "buy" rating and upped their target price for the stock from $350.00 to $430.00 in a research note on Wednesday, April 29th. Susquehanna increased their price target on shares of Celestica from $460.00 to $510.00 and gave the company a "positive" rating in a report on Wednesday, April 29th. Finally, Barclays reduced their price target on shares of Celestica from $430.00 to $406.00 and set an "overweight" rating for the company in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $439.81.

Celestica Stock Performance

Shares of CLS opened at $296.03 on Monday. The firm has a market capitalization of $34.04 billion, a P/E ratio of 30.77 and a beta of 2.06. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68. Celestica, Inc. has a one year low of $179.01 and a one year high of $474.02. The business has a fifty day moving average of $341.15 and a 200 day moving average of $335.51.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, beating analysts' consensus estimates of $2.29 by $0.25. The company had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.Celestica's revenue was up 62.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.39 earnings per share. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. As a group, sell-side analysts anticipate that Celestica, Inc. will post 10.15 EPS for the current year.

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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