Whale Rock Capital Management LLC Sells 2,527,326 Shares of Celestica Inc. (NYSE:CLS)

Whale Rock Capital Management LLC decreased its position in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 29.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,939,918 shares of the technology company's stock after selling 2,527,326 shares during the quarter. Celestica makes up about 6.5% of Whale Rock Capital Management LLC's portfolio, making the stock its 4th biggest holding. Whale Rock Capital Management LLC owned approximately 5.10% of Celestica worth $548,254,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Peregrine Capital Management LLC acquired a new position in shares of Celestica during the 4th quarter valued at about $30,000. Pinpoint Asset Management Ltd boosted its position in shares of Celestica by 109.6% during the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock valued at $32,000 after acquiring an additional 182 shares during the last quarter. Bessemer Group Inc. acquired a new position in Celestica in the fourth quarter valued at about $42,000. R Squared Ltd acquired a new position in Celestica in the fourth quarter valued at about $51,000. Finally, IFP Advisors Inc lifted its position in Celestica by 122.7% in the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock valued at $62,000 after buying an additional 368 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

Celestica Trading Up 1.1%

NYSE:CLS traded up $1.29 on Friday, reaching $119.61. 2,907,554 shares of the company's stock were exchanged, compared to its average volume of 3,238,027. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $13.83 billion, a price-to-earnings ratio of 31.98 and a beta of 1.65. The business has a fifty day moving average of $90.49 and a 200-day moving average of $97.37. Celestica Inc. has a 52-week low of $40.25 and a 52-week high of $144.27.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its earnings results on Thursday, April 24th. The technology company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.10. Celestica had a net margin of 4.61% and a return on equity of 23.34%. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period in the prior year, the firm earned $0.83 earnings per share. The business's quarterly revenue was up 19.9% compared to the same quarter last year. As a group, analysts expect that Celestica Inc. will post 4.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CLS shares. JPMorgan Chase & Co. upped their target price on shares of Celestica from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $120.00 target price on shares of Celestica in a research report on Monday, April 28th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $130.00 target price (up previously from $118.00) on shares of Celestica in a research report on Thursday. Cibc World Mkts raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. Finally, CIBC decreased their target price on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a research report on Tuesday, April 15th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Celestica currently has a consensus rating of "Moderate Buy" and an average target price of $114.82.

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.