Tairen Capital Ltd Invests $39.40 Million in Celestica, Inc. $CLS

Tairen Capital Ltd acquired a new stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 108,000 shares of the technology company’s stock, valued at approximately $39,398,000. Celestica accounts for approximately 3.5% of Tairen Capital Ltd’s portfolio, making the stock its 10th biggest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new position in Celestica in the first quarter worth about $68,952,000. CIBC Asset Management Inc raised its position in Celestica by 7.7% during the fourth quarter. CIBC Asset Management Inc now owns 436,922 shares of the technology company’s stock valued at $129,499,000 after purchasing an additional 31,086 shares during the period. Norges Bank purchased a new stake in Celestica during the fourth quarter valued at approximately $456,511,000. Marietta Investment Partners LLC bought a new stake in shares of Celestica in the 4th quarter valued at approximately $1,273,000. Finally, BW Gestao de Investimentos Ltda. lifted its stake in shares of Celestica by 29.9% in the 4th quarter. BW Gestao de Investimentos Ltda. now owns 31,179 shares of the technology company’s stock valued at $9,217,000 after purchasing an additional 7,179 shares during the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Robert Mionis sold 98,453 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total value of $36,328,172.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mandeep Chawla sold 17,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $399.65, for a total value of $6,794,050.00. Following the sale, the chief financial officer owned 82,444 shares of the company’s stock, valued at $32,948,744.60. This trade represents a 17.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 356,553 shares of company stock worth $135,238,444. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CLS shares. Rothschild & Co Redburn assumed coverage on shares of Celestica in a report on Friday, May 1st. They issued a “buy” rating and a $460.00 target price for the company. Canadian Imperial Bank of Commerce raised their price objective on shares of Celestica from $480.00 to $500.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. BWS Financial restated a “buy” rating on shares of Celestica in a research report on Tuesday, July 28th. Barclays cut their target price on Celestica from $430.00 to $406.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Finally, TD Securities upgraded Celestica from a “hold” rating to a “buy” rating and set a $430.00 price target on the stock in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Celestica presently has an average rating of “Buy” and a consensus price target of $439.81.

Celestica Stock Down 0.2%

Shares of NYSE:CLS opened at $296.03 on Monday. The business’s 50 day moving average is $341.15 and its 200 day moving average is $335.51. The stock has a market cap of $34.04 billion, a P/E ratio of 30.77 and a beta of 2.06. Celestica, Inc. has a 52-week low of $179.01 and a 52-week high of $474.02. 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 (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. The business had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The business’s revenue was up 62.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.39 EPS. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. Sell-side analysts predict that Celestica, Inc. will post 10.15 EPS for the current year.

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.