AMF Tjanstepension AB Purchases Shares of 16,837 Celestica, Inc. $CLS

AMF Tjanstepension AB purchased a new stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the second quarter, HoldingsChannel reports. The institutional investor purchased 16,837 shares of the technology company’s stock, valued at approximately $2,628,000.

Other large investors have also made changes to their positions in the company. ORG Partners LLC bought a new stake in shares of Celestica during the 1st quarter valued at about $29,000. Center for Financial Planning Inc. bought a new stake in shares of Celestica during the 1st quarter valued at about $30,000. ST Germain D J Co. Inc. bought a new position in shares of Celestica during the 2nd quarter valued at approximately $37,000. Farther Finance Advisors LLC grew its stake in shares of Celestica by 1,516.7% during the 1st quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company’s stock valued at $54,000 after acquiring an additional 637 shares during the period. Finally, Wolff Wiese Magana LLC raised its stake in Celestica by 45.6% during the 2nd quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company’s stock worth $57,000 after acquiring an additional 114 shares during the period. 67.38% of the stock is currently owned by institutional investors.

Celestica Trading Down 6.7%

CLS stock opened at $234.08 on Friday. Celestica, Inc. has a 1-year low of $52.25 and a 1-year high of $261.83. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.86. The company has a market capitalization of $26.93 billion, a price-to-earnings ratio of 50.67 and a beta of 1.88. The business has a 50 day simple moving average of $219.11 and a two-hundred day simple moving average of $151.00.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.16. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the prior year, the company posted $0.91 EPS. The firm’s revenue for the quarter was up 21.0% compared to the same quarter last year. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. Research analysts anticipate that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. TD Securities downgraded shares of Celestica from a “buy” rating to a “hold” rating and lifted their price target for the company from $130.00 to $238.00 in a report on Friday. Citigroup lifted their price target on shares of Celestica from $172.00 to $212.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Royal Bank Of Canada lifted their price target on shares of Celestica from $185.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Canaccord Genuity Group lifted their price target on shares of Celestica from $126.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Finally, BNP Paribas reaffirmed an “outperform” rating and set a $300.00 price target on shares of Celestica in a report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $207.38.

Celestica Company Profile

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.