Celestica, Inc. $CLS Stock Position Lifted by AMF Tjanstepension AB

AMF Tjanstepension AB lifted its stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 483.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 98,166 shares of the technology company’s stock after purchasing an additional 81,329 shares during the quarter. AMF Tjanstepension AB owned about 0.09% of Celestica worth $24,186,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CLS. CIBC Asset Management Inc increased its stake in shares of Celestica by 111.5% during the third quarter. CIBC Asset Management Inc now owns 405,836 shares of the technology company’s stock valued at $99,855,000 after acquiring an additional 213,907 shares during the period. Owen LaRue LLC acquired a new stake in Celestica in the third quarter worth approximately $1,337,000. Trek Financial LLC boosted its stake in Celestica by 326.8% during the 3rd quarter. Trek Financial LLC now owns 11,883 shares of the technology company’s stock valued at $2,928,000 after purchasing an additional 9,099 shares in the last quarter. Rockport Wealth LLC acquired a new position in shares of Celestica during the 3rd quarter valued at $15,384,000. Finally, Symphony Financial Ltd. Co. acquired a new position in shares of Celestica during the 3rd quarter valued at $302,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Zacks Research lowered Celestica from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. TD Cowen reiterated a “hold” rating and issued a $238.00 price target on shares of Celestica in a research report on Friday, October 3rd. UBS Group upped their price target on shares of Celestica from $208.00 to $350.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Citigroup raised shares of Celestica from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $212.00 to $375.00 in a research note on Monday, November 10th. Finally, Wall Street Zen upgraded shares of Celestica from a “hold” rating to a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $340.75.

Insider Buying and Selling at Celestica

In other Celestica news, Director Laurette T. Koellner purchased 6,000 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The shares were purchased at an average cost of $341.67 per share, with a total value of $2,050,020.00. Following the completion of the transaction, the director owned 6,000 shares of the company’s stock, valued at approximately $2,050,020. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.52% of the company’s stock.

Celestica Stock Up 4.4%

CLS stock opened at $303.66 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.47 and a quick ratio of 0.88. The firm has a market capitalization of $34.93 billion, a P/E ratio of 49.30 and a beta of 1.87. Celestica, Inc. has a 52-week low of $58.05 and a 52-week high of $363.40. The company’s 50 day simple moving average is $309.47 and its 200-day simple moving average is $261.98.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Monday, October 27th. The technology company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.13. Celestica had a net margin of 6.35% and a return on equity of 30.53%. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter last year, the business posted $1.04 EPS. The company’s revenue was up 27.8% on a year-over-year basis. As a group, equities research analysts anticipate that Celestica, Inc. will post 4.35 EPS for the current year.

Key Headlines Impacting Celestica

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.

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.