Think Investments LP Buys New Shares in Celestica, Inc. $CLS

Key Points

• Think Investments LP purchased 189,558 shares of Celestica, Inc. for approximately $14.9 million, making it 2.9% of their holdings.
• Several hedge funds have recently initiated positions in Celestica, indicating growing institutional interest in the stock.
• Celestica's stock saw a 21% year-over-year revenue increase and an EPS of $1.39 exceeding estimates, reflecting strong financial performance.

Think Investments LP bought a new stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 189,558 shares of the technology company's stock, valued at approximately $14,939,000. Celestica makes up 2.9% of Think Investments LP's holdings, making the stock its 17th biggest position. Think Investments LP owned about 0.16% of Celestica as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rothschild Investment LLC bought a new position in shares of Celestica in the first quarter valued at $26,000. ORG Partners LLC bought a new position in shares of Celestica in the first quarter valued at $29,000. Center for Financial Planning Inc. bought a new position in shares of Celestica in the first quarter valued at $30,000. Farther Finance Advisors LLC grew its stake in shares of Celestica by 1,516.7% in the first quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company's stock valued at $54,000 after buying an additional 637 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd grew its stake in shares of Celestica by 8,910.0% in the first quarter. Gordian Capital Singapore Pte Ltd now owns 901 shares of the technology company's stock valued at $71,000 after buying an additional 891 shares in the last quarter. 67.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on CLS shares. BMO Capital Markets reissued an "outperform" rating and issued a $130.00 target price (up from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. Royal Bank Of Canada increased their price target on Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Barclays increased their price target on Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. increased their price target on Celestica from $170.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Finally, UBS Group restated a "neutral" rating and issued a $208.00 price target (up previously from $101.00) on shares of Celestica in a research note on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $168.92.

Celestica Stock Up 9.7%

CLS stock opened at $242.83 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.86. The stock has a market capitalization of $27.93 billion, a price-to-earnings ratio of 52.56 and a beta of 1.89. The business's fifty day moving average price is $183.98 and its two-hundred day moving average price is $130.45. Celestica, Inc. has a fifty-two week low of $40.65 and a fifty-two week high of $257.40.

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. The firm had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.65 billion. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The company's quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter last year, the business 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, equities analysts anticipate that Celestica, Inc. will post 4.35 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.