Oppenheimer Asset Management Inc. Makes New Investment in Celestica, Inc. $CLS

Oppenheimer Asset Management Inc. bought a new position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,870 shares of the technology company’s stock, valued at approximately $682,000.

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

Celestica Trading Up 1.2%

CLS opened at $339.20 on Tuesday. The stock has a market capitalization of $39.00 billion, a P/E ratio of 35.26 and a beta of 2.06. 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 $173.23 and a 12 month high of $474.02. The firm’s fifty day simple moving average is $347.21 and its 200 day simple moving average is $335.51.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The firm had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter in the prior year, the company earned $1.39 EPS. The company’s revenue was up 62.4% on a year-over-year basis. 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, research analysts anticipate that Celestica, Inc. will post 9.97 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Celestica from $445.00 to $485.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Citigroup boosted their target price on Celestica from $338.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Royal Bank Of Canada increased their price target on Celestica from $440.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Barclays dropped their price target on Celestica from $430.00 to $406.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Finally, Stifel Nicolaus set a $500.00 price objective on Celestica in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Celestica presently has a consensus rating of “Moderate Buy” and an average price target of $438.86.

Insider Transactions at Celestica

In related news, CFO Mandeep Chawla sold 17,000 shares of Celestica stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $399.65, for a total value of $6,794,050.00. Following the sale, the chief financial officer owned 82,444 shares of the company’s stock, valued at approximately $32,948,744.60. This trade represents a 17.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert Mionis sold 98,453 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total value of $36,328,172.47. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 356,553 shares of company stock valued at $135,238,444. 1.10% of the stock is owned by corporate insiders.

Celestica Company 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.