Nomura Holdings Inc. Takes $6.90 Million Position in Celestica Inc. (NYSE:CLS)

Nomura Holdings Inc. bought a new stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 74,718 shares of the technology company's stock, valued at approximately $6,896,000. Nomura Holdings Inc. owned about 0.06% of Celestica as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Peregrine Capital Management LLC purchased a new stake in Celestica in the 4th quarter worth approximately $30,000. Pinpoint Asset Management Ltd lifted its stake in Celestica by 109.6% in 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 in the last quarter. Bessemer Group Inc. purchased a new stake in Celestica in the 4th quarter worth approximately $42,000. R Squared Ltd purchased a new stake in Celestica in the 4th quarter worth approximately $51,000. Finally, IFP Advisors Inc lifted its stake in Celestica by 122.7% in 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 in the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on CLS shares. JPMorgan Chase & Co. increased their target price on shares of Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. CIBC decreased their price target on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a report on Tuesday, April 15th. Stifel Nicolaus upped their target price on shares of Celestica from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. Royal Bank of Canada reiterated an "outperform" rating and issued a $120.00 target price on shares of Celestica in a research report on Monday, April 28th. Finally, Barclays cut their target price on shares of Celestica from $157.00 to $126.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $109.55.

Celestica Trading Down 1.7%

Shares of CLS stock traded down $1.96 on Monday, hitting $111.29. 2,915,744 shares of the company's stock traded hands, compared to its average volume of 3,213,785. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. Celestica Inc. has a one year low of $40.25 and a one year high of $144.27. The company's fifty day simple moving average is $88.35 and its 200 day simple moving average is $96.40. The stock has a market capitalization of $12.87 billion, a price-to-earnings ratio of 29.76 and a beta of 1.65.

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