Vise Technologies Inc. Purchases Shares of 52,378 Celestica, Inc. $CLS

Vise Technologies Inc. purchased a new stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 52,378 shares of the technology company’s stock, valued at approximately $19,107,000.

A number of other hedge funds have also recently made changes to their positions in the company. NewGen Equity Long Short Fund bought a new position in shares of Celestica in the second quarter worth $14,050,000. Northwestern Mutual Wealth Management Co. boosted its stake in Celestica by 7,646.2% during the second 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 Celestica by 30.0% during the second 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 grew its position in Celestica by 385.8% during the second quarter. NewEdge Advisors LLC now owns 2,803 shares of the technology company’s stock worth $438,000 after buying an additional 2,226 shares in the last quarter. Finally, HUB Investment Partners LLC grew its position in Celestica by 11.0% during the second quarter. HUB Investment Partners LLC now owns 3,181 shares of the technology company’s stock worth $497,000 after buying an additional 315 shares in the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CLS. Wolfe Research upped their target price on Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Citigroup boosted their price objective on Celestica from $338.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. BWS Financial restated a “buy” rating on shares of Celestica in a research report on Tuesday, July 28th. TD Cowen raised shares of Celestica from a “hold” rating to a “buy” rating and raised their target price for the company from $350.00 to $430.00 in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. raised their target price on shares of Celestica from $445.00 to $485.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $438.86.

Celestica Stock Up 0.4%

CLS opened at $302.45 on Friday. The stock has a market cap of $34.78 billion, a PE ratio of 31.44 and a beta of 2.06. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32. Celestica, Inc. has a 52 week low of $179.01 and a 52 week high of $474.02. The business’s fifty day simple moving average is $343.11 and its 200 day simple moving average is $335.43.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The business had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter last year, the business posted $1.39 earnings per share. The company’s revenue for the quarter was up 62.4% on a year-over-year basis. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. As a group, research analysts expect that Celestica, Inc. will post 9.97 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Mandeep Chawla sold 17,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the transaction, the chief financial officer directly owned 82,444 shares of the company’s stock, valued at approximately $32,948,744.60. This trade represents a 17.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Robert Mionis sold 98,453 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total value of $36,328,172.47. The SEC filing for this sale provides additional information. Insiders have sold a total of 356,553 shares of company stock worth $135,238,444 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

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.