SEB Asset Management AB Makes New $4.84 Million Investment in Celestica, Inc. $CLS

SEB Asset Management AB acquired a new position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the 1st quarter, HoldingsChannel reports. The fund acquired 17,200 shares of the technology company’s stock, valued at approximately $4,837,000.

Other hedge funds also recently modified their holdings of the company. NewGen Equity Long Short Fund bought a new position in Celestica during the second quarter worth $14,050,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of 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 purchasing an additional 994 shares during the period. First Trust Advisors LP raised its holdings in shares of 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 purchasing an additional 18,025 shares during the period. NewEdge Advisors LLC grew its stake in shares of Celestica by 385.8% in the 2nd quarter. NewEdge Advisors LLC now owns 2,803 shares of the technology company’s stock valued at $438,000 after buying an additional 2,226 shares during the period. Finally, HUB Investment Partners LLC grew its stake in shares of Celestica by 11.0% in the 2nd quarter. HUB Investment Partners LLC now owns 3,181 shares of the technology company’s stock valued at $497,000 after buying an additional 315 shares during the period. Institutional investors own 67.38% of the company’s stock.

Trending Headlines about Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Analyst commentary remains constructive ahead of earnings, citing strong demand in AI infrastructure, cloud, and healthcare, along with rising estimates and the potential for another earnings beat. Celestica to Release Q2 Earnings: How to Approach the Stock Now?
• Positive Sentiment: Some bullish research says Celestica has improved long-term revenue visibility, with AI infrastructure tailwinds and resolved component shortages supporting guidance and future growth. Celestica: The Market Just Started To Agree, And Q2 Isn’t Posed Yet
• Neutral Sentiment: Recent articles focus on valuation, with some saying the stock may still screen as inexpensive on earnings expectations while others argue it has already run far enough that upside is less certain. Celestica (TSX:CLS) Stock Looks Above Fair Value Despite Its Huge Run
• Neutral Sentiment: Market watchers are also debating whether the upcoming quarter can support the stock’s prior surge, with one preview framing Q2 as a key test for the AI hardware trade. Celestica Q2 Preview: The 1.6T Supercycle Meets The Overbuild Dilemma
• Negative Sentiment: The stock has been under pressure recently, with traders noting a deeper pullback than the broader market and a move into bear-market territory after a sharp run-up. Celestica (CLS) Sees a More Significant Dip Than Broader Market: Some Facts to Know
• Negative Sentiment: Another note said Celestica’s shares have dropped sharply from this year’s highs, reflecting concern that a lot of the AI growth story may already be priced in. Celestica stock tumbles ahead of earnings: rebound or more pain?

Analysts Set New Price Targets

A number of analysts recently commented on the company. Royal Bank Of Canada boosted their target price on Celestica from $400.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Barclays raised their price objective on Celestica from $391.00 to $441.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. boosted their price objective on Celestica from $410.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $480.00 target price on shares of Celestica in a research report on Wednesday, April 29th. Finally, Weiss Ratings cut Celestica from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $427.42.

Celestica Trading Down 1.2%

CLS opened at $335.45 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73. Celestica, Inc. has a fifty-two week low of $158.15 and a fifty-two week high of $474.02. The firm has a market capitalization of $38.57 billion, a PE ratio of 40.56, a P/E/G ratio of 0.78 and a beta of 2.05. The company’s 50-day moving average is $364.08 and its 200 day moving average is $332.18.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, April 27th. The technology company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.08. The business had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.97 billion. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The company’s quarterly revenue was up 52.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.20 EPS. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. As a group, research analysts predict that Celestica, Inc. will post 9.57 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Robert Mionis sold 66,056 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $400.06, for a total value of $26,426,363.36. Following the transaction, the chief executive officer owned 134,328 shares in the company, valued at $53,739,259.68. This trade represents a 32.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mandeep Chawla sold 17,000 shares of Celestica stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $399.65, for a total value of $6,794,050.00. Following the transaction, the chief financial officer directly owned 82,444 shares in the company, valued at approximately $32,948,744.60. The trade was a 17.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 161,168 shares of company stock worth $63,190,485 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

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.