FNY Investment Advisers LLC bought a new stake in shares of Celestica, Inc. (NYSE:CLS – Free Report) (TSE:CLS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,245 shares of the technology company’s stock, valued at approximately $818,000.
Other hedge funds also recently made changes to their positions in the company. Legacy Wealth Managment LLC ID boosted its holdings in shares of Celestica by 14.4% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company’s stock worth $63,000 after buying an additional 28 shares during the last quarter. Capital Planning LLC raised its position in Celestica by 3.2% in the first quarter. Capital Planning LLC now owns 1,025 shares of the technology company’s stock worth $289,000 after acquiring an additional 32 shares during the period. PCB Capital LLC raised its position in Celestica by 3.5% in the first quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock worth $280,000 after acquiring an additional 34 shares during the period. Oxinas Partners LLC boosted its stake in Celestica by 1.4% in the fourth quarter. Oxinas Partners LLC now owns 2,958 shares of the technology company’s stock valued at $874,000 after acquiring an additional 40 shares during the last quarter. Finally, Avantax Planning Partners Inc. grew its position in shares of Celestica by 2.7% during the 4th quarter. Avantax Planning Partners Inc. now owns 1,528 shares of the technology company’s stock valued at $452,000 after acquiring an additional 40 shares during the period. 67.38% of the stock is currently owned by institutional investors.
Celestica Price Performance
Celestica stock opened at $314.89 on Friday. The firm has a market capitalization of $36.20 billion, a P/E ratio of 32.73 and a beta of 2.06. Celestica, Inc. has a one year low of $173.23 and a one year high of $474.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68. The business has a fifty day moving average price of $359.62 and a 200-day moving average price of $334.56.
Insider Activity
In other news, Director Michael Max Wilson sold 4,168 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $333.31, for a total value of $1,389,236.08. Following the sale, the director directly owned 24,718 shares of the company’s stock, valued at approximately $8,238,756.58. This represents a 14.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Robert Mionis sold 51,061 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $368.41, for a total transaction of $18,811,383.01. Following the completion of the transaction, the chief executive officer owned 46,892 shares of the company’s stock, valued at $17,275,481.72. This trade represents a 52.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 337,225 shares of company stock worth $128,112,965 over the last ninety days. Company insiders own 1.10% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms recently commented on CLS. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $475.00 price target on shares of Celestica in a report on Tuesday, April 28th. TD Securities raised Celestica from a “hold” rating to a “buy” rating and set a $430.00 target price for the company in a research report on Wednesday, April 29th. Weiss Ratings upgraded Celestica from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 30th. Wolfe Research upped their price target on Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Finally, TD increased their price target on Celestica from $330.00 to $350.00 and gave the stock a “hold” rating in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $437.00.
Check Out Our Latest Analysis on CLS
More Celestica News
Here are the key news stories impacting Celestica this week:
- Positive Sentiment: Celestica priced an offering of 9,677,419 common shares at $310 each, expecting approximately $3 billion in gross proceeds. Management plans to use the capital to expand capacity and fund investments supporting strong, multi-year demand for AI infrastructure, including data-center and networking products. Celestica Announces Pricing of Equity Offering
- Positive Sentiment: Recent coverage highlighted accelerating AI networking-switch revenue, significant gross-margin expansion and planned capital expenditures of roughly $1 billion. The investment could strengthen Celestica’s ability to serve hyperscaler customers and sustain elevated growth over multiple years. Celestica Just Unloaded Bad News – Buy It
- Positive Sentiment: Analyst commentary continued to identify Celestica as a high-quality growth stock, citing its growth profile, AI exposure and improving operating performance. Technical coverage also noted that the shares had recently moved above their 50-day moving average, a potential short-term bullish signal. Top-Ranked Growth Stocks for August
- Neutral Sentiment: The offering is intended to strengthen Celestica’s balance sheet and accelerate growth, but the additional shares create an estimated short-term dilution of approximately 8.4% to 10%. The longer-term benefit depends on whether the funded expansion generates sufficient returns. Celestica’s $3B Raise
- Negative Sentiment: Investors reacted negatively to the discounted share issuance because it increases the share count and could pressure per-share earnings. Analysts cited dilution and potential EPS headwinds, with some taking a more cautious view of the stock’s valuation. Celestica Shares Slide After Equity Offering
About Celestica
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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