Granahan Investment Management LLC Buys Shares of 27,975 Celestica Inc. (NYSE:CLS)

Granahan Investment Management LLC purchased a new position in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 27,975 shares of the technology company's stock, valued at approximately $2,582,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CLS. Peregrine Capital Management LLC acquired a new position in Celestica during the 4th quarter worth about $30,000. Pinpoint Asset Management Ltd increased its holdings in Celestica by 109.6% during the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock worth $32,000 after purchasing an additional 182 shares during the period. Bessemer Group Inc. purchased a new stake in Celestica during the 4th quarter worth about $42,000. R Squared Ltd purchased a new stake in Celestica during the 4th quarter worth about $51,000. Finally, IFP Advisors Inc increased its holdings in Celestica by 122.7% during the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock worth $62,000 after purchasing an additional 368 shares during the period. Institutional investors and hedge funds own 67.38% of the company's stock.

Analyst Ratings Changes

CLS has been the topic of a number of recent analyst reports. Argus dropped their price objective on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. JPMorgan Chase & Co. upped their target price on 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 reissued an "outperform" rating and issued a $120.00 target price on shares of Celestica in a research report on Monday, April 28th. CIBC decreased their target price on Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a research report on Tuesday, April 15th. Finally, Stifel Nicolaus upped their target price on Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Celestica currently has an average rating of "Moderate Buy" and a consensus price target of $105.42.

Celestica Stock Up 2.7%

Shares of Celestica stock traded up $2.98 during midday trading on Wednesday, hitting $112.85. The company's stock had a trading volume of 5,630,934 shares, compared to its average volume of 3,219,208. The firm has a market capitalization of $13.05 billion, a P/E ratio of 30.17 and a beta of 1.65. The stock has a 50-day simple moving average of $86.78 and a 200-day simple moving average of $95.16. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 1-year low of $40.25 and a 1-year high of $144.27.

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

Celestica Company 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.