Nomura Holdings Inc. Invests $6.90 Million in Celestica Inc. (NYSE:CLS)

Nomura Holdings Inc. purchased a new stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 74,718 shares of the technology company’s stock, valued at approximately $6,896,000. Nomura Holdings Inc. owned about 0.06% of Celestica at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Peregrine Capital Management LLC purchased a new position in Celestica in the 4th quarter worth about $30,000. Pinpoint Asset Management Ltd lifted its position in Celestica by 109.6% during the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company’s stock valued at $32,000 after acquiring an additional 182 shares during the last quarter. Bessemer Group Inc. acquired a new stake in shares of Celestica in the 4th quarter worth $42,000. R Squared Ltd acquired a new position in shares of Celestica during the fourth quarter valued at about $51,000. Finally, IFP Advisors Inc increased its stake in Celestica by 122.7% during the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock valued at $62,000 after purchasing an additional 368 shares in the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Celestica Stock Down 1.7%

Celestica stock opened at $111.49 on Friday. The stock’s fifty day simple moving average is $87.39 and its 200-day simple moving average is $95.44. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. Celestica Inc. has a twelve month low of $40.25 and a twelve month high of $144.27. The firm has a market capitalization of $12.89 billion, a P/E ratio of 29.81 and a beta of 1.65.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.10. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.56 billion. Celestica had a net margin of 4.61% and a return on equity of 23.34%. The company’s revenue was up 19.9% on a year-over-year basis. During the same period last year, the business earned $0.83 EPS. As a group, equities analysts expect that Celestica Inc. will post 4.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CLS. Royal Bank of Canada restated an “outperform” rating and issued a $120.00 price objective on shares of Celestica in a research note on Monday, April 28th. CIBC dropped their target price on shares of Celestica from $150.00 to $120.00 and set an “outperformer” rating for the company in a report on Tuesday, April 15th. Stifel Nicolaus increased their price target on Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Barclays decreased their target price on shares of Celestica from $157.00 to $126.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Finally, TD Securities increased their price target on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Celestica presently has a consensus rating of “Moderate Buy” and an average price target of $109.55.

About Celestica

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.