Matters Capital LLC Acquires New Position in Celestica, Inc. $CLS

Matters Capital LLC acquired a new stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,182 shares of the technology company’s stock, valued at approximately $796,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Celestica by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 4,811,695 shares of the technology company’s stock worth $1,423,333,000 after purchasing an additional 73,022 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Celestica by 24.8% in the fourth quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock valued at $1,187,650,000 after purchasing an additional 798,782 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Celestica by 5,806,149.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock valued at $1,081,323,000 after buying an additional 3,657,874 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Celestica by 18.6% in the 4th quarter. Franklin Resources Inc. now owns 2,278,214 shares of the technology company’s stock worth $673,471,000 after buying an additional 356,797 shares during the period. Finally, Cibc World Market Inc. boosted its holdings in Celestica by 30.6% in the 4th quarter. Cibc World Market Inc. now owns 2,265,680 shares of the technology company’s stock worth $670,279,000 after buying an additional 530,535 shares during the period. Institutional investors own 67.38% of the company’s stock.

Insider Buying and Selling at Celestica

In related news, CEO Robert Mionis sold 98,453 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total value of $36,328,172.47. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Mandeep Chawla sold 17,000 shares of Celestica stock in a transaction 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 sale, the chief financial officer directly owned 82,444 shares of the company’s stock, valued at $32,948,744.60. This represents a 17.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 356,553 shares of company stock valued at $135,238,444. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CLS shares. The Goldman Sachs Group reissued a “buy” rating and set a $475.00 target price on shares of Celestica in a report on Tuesday, April 28th. TD Cowen upgraded Celestica from a “hold” rating to a “buy” rating and increased their target price for the stock from $350.00 to $430.00 in a research report on Wednesday, April 29th. Zacks Research raised Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. Royal Bank Of Canada lifted their price target on Celestica from $440.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. boosted their price objective on Celestica from $445.00 to $485.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $438.86.

Celestica Price Performance

CLS stock opened at $296.03 on Friday. The firm has a 50 day moving average of $341.15 and a 200-day moving average of $335.16. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. Celestica, Inc. has a 12 month low of $179.01 and a 12 month high of $474.02. The firm has a market capitalization of $34.04 billion, a P/E ratio of 30.77 and a beta of 2.06.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data 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 net margin of 7.16% and a return on equity of 39.96%. Celestica’s revenue for the quarter was up 62.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.39 earnings per share. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. As a group, sell-side analysts predict that Celestica, Inc. will post 10.15 earnings per share for the current fiscal year.

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.