Hsbc Holdings PLC Takes Position in Celestica, Inc. $CLS

Hsbc Holdings PLC purchased 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 purchased 11,947 shares of the technology company’s stock, valued at approximately $3,954,000.

A number of other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC bought a new position in Celestica during the first quarter worth about $68,952,000. CIBC Asset Management Inc increased its holdings in shares of Celestica by 7.7% in the fourth quarter. CIBC Asset Management Inc now owns 436,922 shares of the technology company’s stock worth $129,499,000 after acquiring an additional 31,086 shares in the last quarter. Norges Bank acquired a new stake in shares of Celestica during the fourth quarter worth about $456,511,000. Marietta Investment Partners LLC acquired a new stake in shares of Celestica during the fourth quarter worth about $1,273,000. Finally, BW Gestao de Investimentos Ltda. lifted its holdings in shares of Celestica by 29.9% during the 4th quarter. BW Gestao de Investimentos Ltda. now owns 31,179 shares of the technology company’s stock valued at $9,217,000 after purchasing an additional 7,179 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Stock Down 5.8%

Shares of Celestica stock opened at $298.87 on Friday. The firm has a market cap of $34.36 billion, a PE ratio of 31.07 and a beta of 2.06. The business’s 50 day simple moving average is $333.42 and its 200 day simple moving average is $335.61. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23. Celestica, Inc. has a 52-week low of $183.66 and a 52-week high of $474.02.

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, topping analysts’ consensus estimates of $2.29 by $0.25. The firm had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The business’s revenue was up 62.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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 predict that Celestica, Inc. will post 10.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CLS shares. Wall Street Zen cut Celestica from a “buy” rating to a “hold” rating in a research note on Saturday. Canadian Imperial Bank of Commerce lifted their price target on shares of Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Wolfe Research upped their price target on shares of Celestica from $425.00 to $475.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Royal Bank Of Canada set a $450.00 price objective on shares of Celestica and gave the stock an “outperform” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Celestica from $445.00 to $485.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Celestica has a consensus rating of “Buy” and an average price target of $439.81.

Insider Buying and Selling at Celestica

In other Celestica news, CFO Mandeep Chawla sold 17,000 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the sale, the chief financial officer directly owned 82,444 shares of the company’s stock, valued at $32,948,744.60. The trade was a 17.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert Mionis sold 98,453 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total transaction of $36,328,172.47. The SEC filing for this sale provides additional information. Insiders have sold 356,553 shares of company stock valued at $135,238,444 in the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

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.