1,679 Shares in Celestica, Inc. $CLS Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. bought a new stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,679 shares of the technology company’s stock, valued at approximately $414,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Thompson Davis & CO. Inc. purchased a new stake in shares of Celestica during the second quarter worth about $328,000. Y Intercept Hong Kong Ltd lifted its holdings in Celestica by 406.3% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 52,606 shares of the technology company’s stock worth $8,212,000 after purchasing an additional 42,215 shares in the last quarter. Fortis Capital Advisors LLC bought a new position in Celestica in the 2nd quarter worth approximately $343,000. Light Street Capital Management LLC purchased a new stake in Celestica during the 2nd quarter valued at approximately $26,422,000. Finally, TD Waterhouse Canada Inc. grew its holdings in Celestica by 2.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 150,422 shares of the technology company’s stock valued at $22,356,000 after buying an additional 3,221 shares in the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories 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.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CLS shares. Royal Bank Of Canada reissued an “outperform” rating on shares of Celestica in a report on Thursday. Aletheia Capital lifted their price target on shares of Celestica from $330.00 to $410.00 and gave the company a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. raised their price objective on Celestica from $295.00 to $360.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Wall Street Zen raised Celestica from a “hold” rating to a “buy” rating in a report on Friday. Finally, Zacks Research lowered Celestica from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Celestica has an average rating of “Moderate Buy” and an average target price of $340.75.

Celestica Stock Up 4.4%

Shares of NYSE:CLS opened at $303.66 on Friday. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. Celestica, Inc. has a 12 month low of $58.05 and a 12 month high of $363.40. The company has a 50-day moving average price of $309.47 and a 200 day moving average price of $261.24. The company has a market cap of $34.93 billion, a price-to-earnings ratio of 49.30 and a beta of 1.87.

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

Insiders Place Their Bets

In related news, Director Laurette T. Koellner purchased 6,000 shares of the stock in a transaction that occurred on Thursday, October 30th. The stock was bought at an average cost of $341.67 per share, for a total transaction of $2,050,020.00. Following the completion of the transaction, the director directly owned 6,000 shares in the company, valued at $2,050,020. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.52% of the company’s stock.

Celestica Company 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.