Sequoia Financial Advisors LLC Acquires New Stake in Celestica, Inc. $CLS

Sequoia Financial Advisors LLC acquired a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,893 shares of the technology company’s stock, valued at approximately $713,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CLS. Golden State Wealth Management LLC lifted its stake in shares of Celestica by 102.5% in the second quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock worth $26,000 after buying an additional 83 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Celestica by 42.5% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock valued at $31,000 after acquiring an additional 37 shares in the last quarter. First Horizon Corp purchased a new stake in Celestica during the 3rd quarter valued at about $31,000. ST Germain D J Co. Inc. acquired a new stake in Celestica in the 2nd quarter valued at about $37,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Celestica in the 2nd quarter worth approximately $40,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Price Performance

NYSE:CLS opened at $303.66 on Monday. Celestica, Inc. has a 52 week low of $58.05 and a 52 week high of $363.40. The stock’s fifty day moving average is $309.47 and its two-hundred day moving average is $262.69. The company has a market capitalization of $34.93 billion, a P/E ratio of 49.30 and a beta of 1.87. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.37.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, October 27th. The technology company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.13. The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Celestica had a return on equity of 30.53% and a net margin of 6.35%.The company’s revenue was up 27.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.04 EPS. Equities analysts expect that Celestica, Inc. will post 4.35 EPS for the current year.

Analyst Ratings Changes

CLS has been the subject of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Celestica in a research report on Wednesday. TD Securities set a $305.00 price objective on Celestica and gave the stock a “hold” rating in a research note on Wednesday, January 21st. TD Cowen reaffirmed a “hold” rating and issued a $238.00 target price on shares of Celestica in a research note on Friday, October 3rd. BMO Capital Markets set a $370.00 price target on Celestica and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $385.00 price target (up previously from $230.00) on shares of Celestica in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Celestica currently has an average rating of “Moderate Buy” and an average target price of $340.75.

Celestica News Roundup

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: TD Securities set a $305 price target, reinforcing buy-side confidence in Celestica’s near-term valuation and growth outlook. Read More.
• Positive Sentiment: Brokerages’ consensus remains constructive — Celestica was given an average “Moderate Buy” rating by analysts, supporting upside expectations. Read More.
• Positive Sentiment: Aletheia Capital published a bullish forecast calling for strong price appreciation, adding to positive sentiment from independent investors. Read More.
• Positive Sentiment: Earnings previews and analyst notes expect Celestica to “double beat” on Q4 results, supported by growth in the CCS (cloud & data-center) segment driven by AI/data-center demand and new switch programs. These expectations are a key driver of the stock’s strength. Read More.
• Neutral Sentiment: Multiple media pieces and analyst summaries (Globe and Mail, MSN) provide mixed analyst commentary and broader sector context but add no single decisive catalyst. Read More. Read More.
• Neutral Sentiment: Investor guidance pieces (e.g., “Should you sell your Celestica stock?”) discuss valuation and risk/ reward but do not introduce new fundamentals. Read More.
• Negative Sentiment: A report that Alphabet is exploring additional TPU suppliers triggered an early sell-off in CLS (shares fell on the news), creating short-term pressure despite the interpretation that it signals rising TPU demand overall. Read More.
• Negative Sentiment: Zacks highlighted a decline in ATS revenues and recent stock weakness (intraday slide), flagging risk from softer end markets and inventory pressure that could weigh on Q4 results if not offset by CCS strength. Read More.

Insider Buying and Selling

In related news, Director Laurette T. Koellner bought 6,000 shares of the stock in a transaction on Thursday, October 30th. The stock was bought at an average price of $341.67 per share, with a total value of $2,050,020.00. Following the completion of the purchase, the director directly owned 6,000 shares in the company, valued at $2,050,020. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.52% of the stock is owned by insiders.

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.