Celestica, Inc. $CLS Shares Bought by Tidal Investments LLC

Tidal Investments LLC boosted its stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 198.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,509 shares of the technology company’s stock after purchasing an additional 70,794 shares during the period. Tidal Investments LLC’s holdings in Celestica were worth $38,854,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Washington Trust Advisors Inc. purchased a new stake in Celestica during the second quarter valued at about $28,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Celestica in the 4th quarter worth about $28,000. Ascentis Independent Advisors acquired a new position in shares of Celestica in the 1st quarter valued at about $29,000. Swiss RE Ltd. acquired a new position in shares of Celestica in the 4th quarter valued at about $29,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of Celestica during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Stock Performance

Shares of CLS stock opened at $333.38 on Thursday. The stock has a market capitalization of $38.33 billion, a price-to-earnings ratio of 34.65 and a beta of 2.04. Celestica, Inc. has a one year low of $227.00 and a one year high of $474.02. The company’s 50-day simple moving average is $325.59 and its 200-day simple moving average is $336.91. 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 (NYSE:CLS) (TSE:CLS) last issued its 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. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The company had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the prior year, the company earned $1.39 earnings per share. The firm’s revenue was up 62.4% compared to the same quarter last year. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. Equities analysts anticipate that Celestica, Inc. will post 10.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Mandeep Chawla sold 16,117 shares of Celestica stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the transaction, the chief financial officer directly owned 65,444 shares in the company, valued at approximately $24,169,778.08. This trade represents a 19.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert Mionis sold 23,496 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $362.39, for a total value of $8,514,715.44. Following the completion of the sale, the chief executive officer owned 23,396 shares of the company’s stock, valued at approximately $8,478,476.44. This trade represents a 50.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 356,553 shares of company stock valued at $135,238,444 over the last 90 days. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CLS shares. Barclays dropped their price objective on shares of Celestica from $430.00 to $406.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. Zacks Research upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Royal Bank Of Canada set a $450.00 target price on Celestica and gave the stock an “outperform” rating in a research report on Wednesday, August 26th. Stifel Nicolaus set a $500.00 target price on Celestica in a research note on Tuesday, July 28th. Finally, UBS Group raised Celestica from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $410.00 to $430.00 in a research report on Monday, August 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $439.81.

About Celestica

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply chain solutions for technology companies and other businesses. The company helps customers develop, manufacture, and support complex electronic products and systems, offering services that span product design and engineering, prototyping, printed circuit board assembly, systems integration, testing, supply chain management, and after-market support.

Celestica serves customers across several markets, including communications and cloud infrastructure, aerospace and defense, industrial technology, health technology, and capital equipment.