Vise Technologies Inc. Takes $19.11 Million Position in Celestica, Inc. $CLS

Vise Technologies Inc. bought a new position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the second quarter, according to its most recent filing with the SEC. The fund bought 52,378 shares of the technology company’s stock, valued at approximately $19,107,000.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Celestica by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 4,811,695 shares of the technology company’s stock valued at $1,423,333,000 after acquiring an additional 73,022 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Celestica by 24.8% during the 4th 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 last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Celestica by 5,806,149.2% in the 4th 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. raised its holdings in shares of 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 purchasing an additional 356,797 shares during the period. Finally, Cibc World Market Inc. lifted its stake in Celestica by 30.6% in the fourth quarter. Cibc World Market Inc. now owns 2,265,680 shares of the technology company’s stock valued at $670,279,000 after purchasing an additional 530,535 shares during the last quarter. Institutional investors own 67.38% of the company’s stock.

Insider Buying and Selling at Celestica

In related news, CFO Mandeep Chawla sold 17,000 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $399.65, for a total transaction 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 represents a 17.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert Mionis sold 98,453 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total value of $36,328,172.47. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 356,553 shares of company stock valued at $135,238,444. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Susquehanna increased their price objective on Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. TD Securities upgraded Celestica from a “hold” rating to a “buy” rating and set a $430.00 target price on the stock in a research note on Wednesday, April 29th. JPMorgan Chase & Co. upped their price target on Celestica from $445.00 to $485.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Canadian Imperial Bank of Commerce increased their price target on Celestica from $480.00 to $500.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Finally, Rothschild & Co Redburn assumed coverage on Celestica in a report on Friday, May 1st. They issued a “buy” rating and a $460.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $438.86.

Celestica Stock Up 0.4%

CLS opened at $302.45 on Friday. The company has a 50 day moving average of $343.11 and a 200 day moving average of $335.43. The company has a market cap of $34.78 billion, a PE ratio of 31.44 and a beta of 2.06. Celestica, Inc. has a 12 month low of $179.01 and a 12 month high of $474.02. 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 (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25. The business had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. Celestica’s revenue was up 62.4% compared to the same quarter last year. During the same period in the previous year, the business 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, sell-side analysts expect that Celestica, Inc. will post 9.97 EPS for the current 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.