FNY Investment Advisers LLC Buys 11,480 Shares of Celestica, Inc. $CLS

FNY Investment Advisers LLC raised its stake in shares of Celestica, Inc. (NYSE:CLSFree Report) (TSE:CLS) by 574.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,480 shares of the technology company’s stock after acquiring an additional 11,480 shares during the quarter. Celestica makes up 0.9% of FNY Investment Advisers LLC’s portfolio, making the stock its 23rd largest holding. FNY Investment Advisers LLC’s holdings in Celestica were worth $2,104,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Freedom Investment Management Inc. increased its stake in shares of Celestica by 1.5% in the first quarter. Freedom Investment Management Inc. now owns 6,360 shares of the technology company’s stock valued at $501,000 after buying an additional 96 shares in the last quarter. Wolff Wiese Magana LLC increased its stake in shares of Celestica by 45.6% in the second quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company’s stock valued at $57,000 after buying an additional 114 shares in the last quarter. First National Bank of Hutchinson increased its stake in shares of Celestica by 2.5% in the first quarter. First National Bank of Hutchinson now owns 4,914 shares of the technology company’s stock valued at $387,000 after buying an additional 120 shares in the last quarter. Private Trust Co. NA increased its stake in shares of Celestica by 14.1% in the first quarter. Private Trust Co. NA now owns 993 shares of the technology company’s stock valued at $78,000 after buying an additional 123 shares in the last quarter. Finally, Bay Rivers Group increased its stake in shares of Celestica by 0.7% in the second quarter. Bay Rivers Group now owns 19,636 shares of the technology company’s stock valued at $3,065,000 after buying an additional 142 shares in the last quarter. 67.38% of the stock is owned by institutional investors.

Celestica Price Performance

Shares of CLS opened at $264.80 on Wednesday. The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. Celestica, Inc. has a 1 year low of $55.30 and a 1 year high of $296.85. The stock has a market cap of $30.46 billion, a P/E ratio of 57.32 and a beta of 1.88. The stock’s 50-day moving average price is $233.31 and its two-hundred day moving average price is $165.91.

Celestica (NYSE:CLSGet Free Report) (TSE:CLS) last issued its earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.16. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter last year, the business earned $0.91 earnings per share. The company’s revenue was up 21.0% compared to the same quarter last year. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. On average, equities analysts predict that Celestica, Inc. will post 4.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CLS has been the subject of a number of research reports. Canaccord Genuity Group raised their target price on Celestica from $126.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. CIBC raised their target price on Celestica from $245.00 to $315.00 and gave the company an “outperform” rating in a research note on Monday. CICC Research initiated coverage on Celestica in a research note on Tuesday, August 19th. They issued an “outperform” rating for the company. TD Securities lowered Celestica from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $130.00 to $238.00 in a research report on Friday, October 3rd. Finally, UBS Group reiterated a “neutral” rating and issued a $208.00 price objective (up from $101.00) on shares of Celestica in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Celestica currently has an average rating of “Moderate Buy” and a consensus price target of $242.93.

Read Our Latest Research Report on Celestica

About Celestica

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Celestica (NYSE:CLS)

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