Wealth Effects LLC Makes New Investment in Celestica, Inc. $CLS

Key Points

• Wealth Effects LLC has acquired a new stake in Celestica, Inc., purchasing 2,100 shares valued at approximately $328,000 during the second quarter.
• Celestica's quarterly earnings report showed an EPS of $1.39, surpassing analysts' expectations, with revenues increasing by 21% year-over-year.
• Analysts have largely positive views on Celestica, with a consensus rating of "Buy" and several recent target price increases, including JPMorgan's raise to $295.00.

Wealth Effects LLC purchased a new stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 2,100 shares of the technology company's stock, valued at approximately $328,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tidal Investments LLC purchased a new position in shares of Celestica during the fourth quarter worth $495,000. Park Square Financial Group LLC purchased a new stake in Celestica during the 4th quarter worth about $345,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Celestica in the fourth quarter valued at approximately $405,000. Wellington Management Group LLP acquired a new position in Celestica during the 4th quarter worth approximately $26,965,000. Finally, Versant Capital Management Inc purchased a new stake in shares of Celestica during the 1st quarter worth $84,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Citigroup raised their target price on Celestica from $172.00 to $212.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. CICC Research began coverage on Celestica in a report on Tuesday, August 19th. They issued an "outperform" rating for the company. UBS Group restated a "neutral" rating and issued a $208.00 price objective (up from $101.00) on shares of Celestica in a research note on Wednesday, July 30th. JPMorgan Chase & Co. lifted their target price on Celestica from $225.00 to $295.00 and gave the company an "overweight" rating in a research note on Monday, September 8th. Finally, Canaccord Genuity Group lifted their target price on shares of Celestica from $126.00 to $240.00 and gave the company a "buy" rating in a report 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 given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $174.75.

Celestica Stock Performance

Shares of CLS stock opened at $257.68 on Wednesday. Celestica, Inc. has a 52 week low of $48.96 and a 52 week high of $261.83. The company's fifty day simple moving average is $206.05 and its 200-day simple moving average is $142.72. The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. The company has a market cap of $29.64 billion, a PE ratio of 55.78 and a beta of 1.89.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share (EPS) 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 the consensus estimate of $2.65 billion. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The firm's quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. As a group, equities research analysts anticipate that Celestica, Inc. will post 4.35 EPS 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.

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