Zurcher Kantonalbank Zurich Cantonalbank Has $14.05 Million Position in Celestica, Inc. $CLS

Key Points

• Zurcher Kantonalbank increased its stake in Celestica by 62.5% in Q4 to 47,523 shares, a position valued at about $14.05 million per its latest 13F filing.
• Company insiders have been significant net sellers recently — President Jason Phillips sold 100,000 shares for roughly $30.9 million, and insiders sold 297,923 shares totaling about $88.0 million over the past 90 days.
• Analysts are broadly constructive on Celestica, with multiple price-target upgrades (e.g., Bank of America $430, JPMorgan $410, TD Cowen $350) and a MarketBeat consensus of "Moderate Buy" with an average target of $369.68, driven by AI‑infrastructure demand.

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 62.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,523 shares of the technology company's stock after buying an additional 18,280 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Celestica were worth $14,048,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CLS. NewGen Equity Long Short Fund acquired a new stake in shares of Celestica during the 2nd quarter valued at $14,050,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Celestica by 7,646.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,007 shares of the technology company's stock valued at $157,000 after buying an additional 994 shares during the period. First Trust Advisors LP boosted its stake in shares of Celestica by 30.0% during the 2nd quarter. First Trust Advisors LP now owns 78,061 shares of the technology company's stock valued at $12,197,000 after buying an additional 18,025 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Celestica by 385.8% during the 2nd quarter. NewEdge Advisors LLC now owns 2,803 shares of the technology company's stock valued at $438,000 after buying an additional 2,226 shares during the period. Finally, HUB Investment Partners LLC boosted its stake in shares of Celestica by 11.0% during the 2nd quarter. HUB Investment Partners LLC now owns 3,181 shares of the technology company's stock valued at $497,000 after buying an additional 315 shares during the period. Institutional investors and hedge funds own 67.38% of the company's stock.

Celestica Stock Down 0.5%

CLS stock opened at $401.09 on Thursday. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34. Celestica, Inc. has a 1 year low of $81.88 and a 1 year high of $411.30. The company has a fifty day simple moving average of $300.57 and a 200 day simple moving average of $303.27. The firm has a market cap of $46.11 billion, a PE ratio of 55.86, a PEG ratio of 1.21 and a beta of 1.88.

Insider Activity at Celestica

In related news, President Jason Phillips sold 100,000 shares of Celestica stock in a transaction on Friday, February 6th. The shares were sold at an average price of $308.92, for a total value of $30,892,000.00. Following the completion of the sale, the president owned 12,584 shares of the company's stock, valued at approximately $3,887,449.28. The trade was a 88.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Yann L. Etienvre sold 1,145 shares of Celestica stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $283.51, for a total transaction of $324,618.95. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 297,923 shares of company stock valued at $88,027,459. Insiders own 0.52% of the company's stock.

Trending Headlines about Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Bank of America raised its Celestica price target to $430 — a bullish signal from a major bank that supports higher expectations for AI‑infrastructure demand and helped lift the share price. Article Title
• Positive Sentiment: JPMorgan raised its price target (to $410) and highlighted upside from AI infrastructure spending across servers, switches, interconnects and optics — reinforcing the narrative that Celestica is a beneficiary of the AI capex cycle. Article Title
• Positive Sentiment: TD Cowen raised its price target (to $350) and other broker notes indicate broad analyst optimism — multiple upgrades have supported the rally and pushed shares to new 1‑year highs. Article Title
• Positive Sentiment: Celestica and Bell (BCE) announced a collaboration to develop a Canadian sovereign AI infrastructure stack — a strategic win that underscores Celestica’s role in data‑center and AI hardware supply chains. Article Title
• Positive Sentiment: Coverage noting Celestica as a top AI‑infrastructure winner and upgrades from other outlets helped sustain momentum and investor interest. Article Title
• Neutral Sentiment: Pre‑earnings analysis (Zacks/Yahoo) flags rising estimates and a strong earnings‑surprise history, but notes some segment softness and valuation remain focal points for investors ahead of Q1 results. Article Title
• Neutral Sentiment: Momentum and growth writeups explain the technical and style characteristics attracting traders, which can amplify swings (both up and down) as headlines arrive. Article Title
• Negative Sentiment: Critical takes warn of downside risk if AI hardware standards consolidate (standardization could compress margins) and argue the stock may be overbought after the run‑up — factors that can trigger selling. Article Title
• Negative Sentiment: Some analysts and commentators advise caution or to "dump" shares, citing valuation and the potential for a pullback after rapid gains — contributing to short‑term downside pressure. Article Title

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CLS. Citigroup decreased their target price on shares of Celestica from $375.00 to $338.00 and set a "buy" rating for the company in a research note on Friday, January 30th. Zacks Research lowered shares of Celestica from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 6th. Barclays lifted their target price on shares of Celestica from $359.00 to $391.00 and gave the company an "overweight" rating in a research note on Friday, January 30th. Aletheia Capital lifted their target price on shares of Celestica from $330.00 to $410.00 and gave the company a "buy" rating in a research note on Tuesday, January 20th. Finally, TD lifted their target price on shares of Celestica from $330.00 to $350.00 and gave the company a "hold" rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Celestica presently has a consensus rating of "Moderate Buy" and an average target price of $369.68.

Celestica 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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