90,721 Shares in Celestica, Inc. $CLS Bought by Korea Investment CORP

Korea Investment CORP bought a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the second quarter, according to its most recent filing with the SEC. The firm bought 90,721 shares of the technology company’s stock, valued at approximately $33,075,000. Korea Investment CORP owned about 0.08% of Celestica at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Celestica during the fourth quarter worth $28,000. Ascentis Independent Advisors acquired a new stake in Celestica in the 1st quarter worth $29,000. Swiss RE Ltd. bought a new position in shares of Celestica during the 4th quarter worth about $29,000. Cullen Frost Bankers Inc. bought a new position in shares of Celestica during the 4th quarter worth about $30,000. Finally, Sittner & Nelson LLC acquired a new position in shares of Celestica during the fourth quarter valued at about $31,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Stock Down 2.0%

NYSE:CLS opened at $296.03 on Friday. The stock’s fifty day moving average price is $341.15 and its two-hundred day moving average price is $335.16. Celestica, Inc. has a 52-week low of $179.01 and a 52-week high of $474.02. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23. The company has a market cap of $34.04 billion, a price-to-earnings ratio of 30.77 and a beta of 2.06.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, beating the consensus estimate of $2.29 by $0.25. The company had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The business’s revenue for the quarter was up 62.4% on a year-over-year basis. During the same period last year, the firm earned $1.39 EPS. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. On average, analysts anticipate that Celestica, Inc. will post 10.15 EPS for the current year.

Insider Buying and Selling

In related news, CFO Mandeep Chawla sold 16,117 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the completion of the sale, the chief financial officer directly owned 65,444 shares of the company’s stock, valued at $24,169,778.08. The trade was a 19.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Robert Mionis sold 23,496 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $362.39, for a total transaction of $8,514,715.44. Following the completion of the transaction, the chief executive officer owned 23,396 shares in the company, valued at $8,478,476.44. This represents a 50.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 356,553 shares of company stock valued at $135,238,444. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CLS has been the subject of several recent research reports. Rothschild & Co Redburn initiated coverage on Celestica in a report on Friday, May 1st. They issued a “buy” rating and a $460.00 price target for the company. Barclays cut their price objective on Celestica from $430.00 to $406.00 and set an “overweight” rating for the company in a report on Friday, August 7th. JPMorgan Chase & Co. increased their target price on shares of Celestica from $445.00 to $485.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Zacks Research raised Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. Finally, Susquehanna lifted their price target on Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Celestica has a consensus rating of “Moderate Buy” and a consensus price target of $438.86.

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.