Maverick Capital Ltd. Purchases New Shares in Celestica, Inc. $CLS

Maverick Capital Ltd. purchased a new position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 11,573 shares of the technology company’s stock, valued at approximately $3,265,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Celestica during the fourth quarter valued at approximately $28,000. Swiss RE Ltd. bought a new position in Celestica in the 4th quarter valued at $29,000. Ascentis Independent Advisors bought a new position in Celestica in the 1st quarter valued at $29,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Celestica in the 4th quarter valued at $30,000. Finally, Sittner & Nelson LLC bought a new stake in shares of Celestica during the fourth quarter worth $31,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Trading Up 5.2%

NYSE:CLS opened at $321.06 on Tuesday. Celestica, Inc. has a 1-year low of $169.19 and a 1-year high of $474.02. The business’s 50-day moving average price is $361.64 and its two-hundred day moving average price is $332.61. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $36.91 billion, a price-to-earnings ratio of 38.82, a PEG ratio of 0.71 and a beta of 2.05.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.25. The company had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.30 billion. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The company’s revenue for the quarter was up 62.4% compared to the same quarter last year. During the same period in the previous year, the company 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, equities analysts expect that Celestica, Inc. will post 9.57 earnings per share for the current year.

Insider Buying and Selling

In other Celestica news, CEO Robert Mionis sold 66,056 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $400.06, for a total value of $26,426,363.36. Following the completion of the sale, the chief executive officer owned 134,328 shares of the company’s stock, valued at approximately $53,739,259.68. This represents a 32.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Max Wilson sold 4,168 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total transaction of $1,389,236.08. Following the completion of the sale, the director owned 24,718 shares in the company, valued at approximately $8,238,756.58. This trade represents a 14.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 161,168 shares of company stock valued at $63,190,485 in the last 90 days. 1.10% of the stock is owned by insiders.

Celestica News Summary

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Q2 results exceeded expectations. Celestica reported $4.70 billion in revenue, up 62% year over year, while adjusted earnings reached $2.54 per share versus the $2.29 consensus estimate. Reported EPS was also above expectations, at $2.41, compared with the same $2.29 consensus. Celestica Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management raised its full-year outlook. Celestica now expects 2026 revenue of approximately $20.5 billion and EPS of $11.30, above analyst expectations of $19.2 billion and $10.13, respectively. The company also said growth is expected to accelerate in 2027. Celestica Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Third-quarter guidance also topped consensus. Celestica forecast EPS of $2.88–$3.08 and revenue of $5.3–$5.6 billion, compared with analyst estimates of $2.65 EPS and $5.0 billion in revenue. The outlook indicates momentum is continuing beyond the latest quarter. Celestica Q2 Earnings and Revenue Beat Estimates; Raises 2026 Outlook
• Positive Sentiment: Options activity reflected bullish interest. Investors purchased 13,556 call options, approximately 16% above the average daily call volume, although options activity is a positioning signal rather than a fundamental change.
• Neutral Sentiment: Celestica’s reported net margin was 6.95% and return on equity was 36.91%. The stock’s high beta and elevated valuation mean strong results may support the shares, but they also leave the stock sensitive to future guidance or execution disappointments.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CLS. Barclays upped their price target on Celestica from $391.00 to $441.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Citigroup boosted their price objective on Celestica from $338.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. TD raised their target price on shares of Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. lifted their price target on shares of Celestica from $410.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Finally, TD Securities raised shares of Celestica from a “hold” rating to a “buy” rating and set a $430.00 price target for the company in a research note on Wednesday, April 29th. Two 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 company presently has a consensus rating of “Buy” and an average target price of $427.42.

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.