Assetmark Inc. Grows Stake in Celestica, Inc. $CLS

Assetmark Inc. raised its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 18.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 25,171 shares of the technology company’s stock after acquiring an additional 3,941 shares during the quarter. Assetmark Inc.’s holdings in Celestica were worth $7,090,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of CLS. Northwestern Mutual Wealth Management Co. raised its holdings in Celestica by 5,806,149.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock valued at $1,081,323,000 after acquiring an additional 3,657,874 shares during the period. Viking Global Investors LP bought a new stake in shares of Celestica during the 3rd quarter valued at about $424,459,000. Norges Bank purchased a new position in Celestica in the 4th quarter worth approximately $456,511,000. AQR Capital Management LLC purchased a new position in Celestica in the fourth quarter worth $315,497,000. Finally, JPMorgan Chase & Co. increased its position in shares of Celestica by 24.8% during the 4th quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock valued at $1,187,650,000 after purchasing an additional 798,782 shares during the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Trading Up 10.8%

Shares of CLS stock opened at $340.42 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73. The firm has a fifty day moving average price of $364.81 and a 200-day moving average price of $331.91. The company has a market cap of $39.14 billion, a price-to-earnings ratio of 41.16, a PEG ratio of 0.71 and a beta of 2.05. Celestica, Inc. has a 1 year low of $153.11 and a 1 year high of $474.02.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, topping the consensus estimate of $2.08 by $0.08. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The firm had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter last year, the company earned $1.20 earnings per share. The business’s revenue for the quarter was up 52.8% compared to the same quarter last year. 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, equities analysts predict that Celestica, Inc. will post 9.57 earnings per share for the current year.

Insider Activity

In related news, CEO Robert Mionis sold 66,056 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $400.06, for a total transaction of $26,426,363.36. Following the completion of the transaction, the chief executive officer directly owned 134,328 shares of the company’s stock, valued at approximately $53,739,259.68. This trade represents a 32.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael Max Wilson sold 4,168 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $333.31, for a total value of $1,389,236.08. Following the transaction, the director owned 24,718 shares of the company’s stock, valued at approximately $8,238,756.58. The trade was a 14.43% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 161,168 shares of company stock worth $63,190,485 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Celestica News Summary

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Several recent analysis pieces remain constructive on Celestica’s growth outlook, citing strong financial momentum, favorable earnings expectations, and potential upside if the company delivers another earnings beat. Celestica (CLS) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Positive Sentiment: Optimistic commentary also points to Celestica as a growth stock tied to AI infrastructure demand, with some analysts arguing it could still be attractively valued if cash flow and earnings continue to expand. Celestica (TSX:CLS) Could Be 33% Below Fair Value On Earnings Optimism
• Positive Sentiment: Celestica also appointed Steven Dorwart to lead its Connectivity and Cloud Solutions unit, a leadership move that could support execution in its enterprise and hyperscaler-focused business. Celestica (TSX:CLS) Appoints Steven Dorwart To Lead Its Connectivity And Cloud Unit
• Neutral Sentiment: Some valuation-focused coverage argues the stock has run up so much over the past several years that expectations are high and the shares may already reflect much of the growth story.
• Negative Sentiment: The main recent concern is that CLS has fallen sharply from its highs and is now being viewed as part of the broader AI-stock pullback, with investors worried about an overbuild cycle and whether demand can keep up with lofty expectations. Celestica stock tumbles ahead of earnings: rebound or more pain?

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Bank of America lifted their target price on shares of Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Royal Bank Of Canada lifted their target price on shares of Celestica from $400.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. upped their price target on Celestica from $410.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Zacks Research upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. Finally, Barclays lifted their price target on Celestica from $391.00 to $441.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $427.42.

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.