Pictet Asset Management Holding SA Acquires 8,749 Shares of Celestica, Inc. $CLS

Pictet Asset Management Holding SA raised its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 17.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 58,947 shares of the technology company’s stock after purchasing an additional 8,749 shares during the period. Pictet Asset Management Holding SA’s holdings in Celestica were worth $17,462,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CLS. MassMutual Private Wealth & Trust FSB raised its stake in Celestica by 42.5% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock valued at $31,000 after buying an additional 37 shares during the last quarter. First Horizon Corp bought a new position in shares of Celestica during the third quarter valued at $31,000. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Celestica in the 4th quarter worth about $38,000. Avion Wealth purchased a new position in shares of Celestica in the 3rd quarter worth about $40,000. Finally, Fifth Third Bancorp boosted its stake in Celestica by 48.7% in the 3rd quarter. Fifth Third Bancorp now owns 171 shares of the technology company’s stock worth $42,000 after purchasing an additional 56 shares in the last quarter. 67.38% of the stock is owned by institutional investors.

Celestica Stock Up 2.1%

Celestica stock opened at $418.29 on Friday. Celestica, Inc. has a one year low of $90.00 and a one year high of $426.55. The stock has a fifty day moving average of $313.88 and a 200 day moving average of $309.08. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.26. The stock has a market cap of $48.09 billion, a PE ratio of 50.58, a price-to-earnings-growth ratio of 1.17 and a beta of 2.09.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, beating the consensus estimate of $2.08 by $0.08. The firm had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.97 billion. Celestica had a net margin of 6.95% and a return on equity of 36.91%. The business’s revenue for the quarter was up 52.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.20 EPS. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. As a group, sell-side analysts predict that Celestica, Inc. will post 8.91 EPS for the current year.

Trending Headlines about Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Zacks upgraded Celestica to a Zacks Rank #1 (Strong Buy), boosting near?term buying interest by highlighting stronger earnings prospects. All You Need to Know About Celestica (CLS) Rating Upgrade to Strong Buy
• Positive Sentiment: Analysts collectively raised Celestica’s revenue forecasts (reported as a ~10% lift), which supports higher valuation targets and signals improving outlook for end?market demand. Industry Analysts Just Upgraded Celestica Inc. (TSE:CLS) Revenue Forecasts By 10%
• Positive Sentiment: Major banks raised price targets and reiterated buy/outperform calls: Goldman Sachs lifted its PT from $430 to $475 after an earnings beat; CIBC increased its PT to US$480 and kept an Outperformer rating; JPMorgan also raised its target to $425 and kept an overweight stance. These upgrades underpin investor confidence and act as near?term buying catalysts. Goldman Sachs is Bullish on Celestica Inc. (CLS) CIBC Raises Celestica’s Price Target to US$480 From US$425 Celestica (NYSE:CLS) Given New $425.00 Price Target at JPMorgan Chase & Co.
• Positive Sentiment: Company fundamentals: Celestica reported a Q1 EPS beat (reported EPS topped estimates) and raised FY guidance, which supports forward earnings multiple expansion. Analysts are citing improving revenue growth and margin dynamics. Celestica, Inc. (CLS) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Technical indicator: CLS recently crossed above its 20?day moving average, a short?term bullish technical signal that can attract momentum traders. Celestica (CLS) Crossed Above the 20-Day Moving Average: What That Means for Investors
• Negative Sentiment: Market reaction volatility: Despite strong Q1 EPS, shares previously plunged intraday (~14% reported) after investors focused on a revenue miss in the Enterprise segment and component?shortage noise—this shows profit?taking and sensitivity to execution risks. Celestica Stock Falls 14% Despite Posting Strong Q1 Results

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Citigroup lifted their target price on shares of Celestica from $338.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday. BMO Capital Markets raised their price target on shares of Celestica from $370.00 to $450.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Barclays boosted their price objective on shares of Celestica from $391.00 to $441.00 and gave the stock an “overweight” rating in a report on Wednesday. The Goldman Sachs Group reiterated a “buy” rating and set a $475.00 target price on shares of Celestica in a research note on Tuesday. Finally, Wolfe Research raised Celestica to a “strong-buy” rating in a report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Celestica presently has an average rating of “Moderate Buy” and a consensus price target of $427.42.

Insider Transactions at Celestica

In other Celestica news, President Jason Phillips sold 100,000 shares of Celestica stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $308.92, for a total transaction of $30,892,000.00. Following the transaction, the president owned 12,584 shares of the company’s stock, valued at $3,887,449.28. The trade was a 88.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Yann L. Etienvre sold 1,145 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $283.51, for a total transaction of $324,618.95. The disclosure for this sale is available in the SEC filing. Insiders sold 297,923 shares of company stock worth $88,027,459 in the last three months. Corporate insiders own 1.10% of the company’s stock.

About Celestica

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.