Matters Capital LLC Buys New Position in Celestica, Inc. $CLS

Matters Capital LLC bought a new stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,182 shares of the technology company’s stock, valued at approximately $796,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Celestica in the 4th quarter worth $28,000. Ascentis Independent Advisors purchased a new stake in shares of Celestica during the 1st quarter valued at $29,000. Swiss RE Ltd. bought a new stake in shares of Celestica during the 4th quarter worth $29,000. Cullen Frost Bankers Inc. bought a new stake in shares of Celestica during the 4th quarter worth $30,000. Finally, Sittner & Nelson LLC bought a new stake in shares of Celestica during the 4th quarter worth $31,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Stock Performance

Celestica stock opened at $296.03 on Friday. The firm has a fifty day simple moving average of $341.15 and a two-hundred day simple moving average of $335.16. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32. Celestica, Inc. has a twelve month low of $179.01 and a twelve month high of $474.02. The company has a market capitalization of $34.04 billion, a PE ratio of 30.77 and a beta of 2.06.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25. The firm had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The company’s revenue for the quarter was up 62.4% compared to the same quarter last year. During the same period last year, the firm earned $1.39 earnings per share. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. Research analysts expect that Celestica, Inc. will post 10.15 EPS for the current year.

Insider Activity

In related news, CEO Robert Mionis sold 23,496 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $362.39, for a total transaction of $8,514,715.44. Following the completion of the sale, the chief executive officer directly owned 23,396 shares in the company, valued at $8,478,476.44. This represents a 50.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Mandeep Chawla sold 16,117 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total value of $5,952,330.44. Following the transaction, the chief financial officer owned 65,444 shares in the company, valued at approximately $24,169,778.08. The trade was a 19.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 356,553 shares of company stock valued at $135,238,444 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CLS. Scotiabank started coverage on Celestica in a research note on Tuesday, August 11th. They issued a “sector outperform” rating and a $500.00 target price on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $475.00 price target on shares of Celestica in a research note on Tuesday, April 28th. Rothschild & Co Redburn began coverage on Celestica in a research note on Friday, May 1st. They set a “buy” rating and a $460.00 price target for the company. Barclays cut their price objective on Celestica from $430.00 to $406.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Finally, TD Cowen upgraded Celestica from a “hold” rating to a “buy” rating and increased their price objective for the company from $350.00 to $430.00 in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $438.86.

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.