Celestica, Inc. $CLS Shares Sold by Cim LLC

Cim LLC cut its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 4.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 21,950 shares of the technology company’s stock after selling 928 shares during the period. Cim LLC’s holdings in Celestica were worth $1,730,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rothschild Investment LLC acquired a new stake in Celestica during the first quarter worth about $26,000. ORG Partners LLC acquired a new stake in Celestica during the first quarter worth about $29,000. Center for Financial Planning Inc. acquired a new stake in Celestica during the first quarter worth about $30,000. Farther Finance Advisors LLC increased its stake in Celestica by 1,516.7% during the first quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company’s stock worth $54,000 after acquiring an additional 637 shares during the last quarter. Finally, Flaharty Asset Management LLC acquired a new stake in Celestica during the first quarter worth about $63,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CLS has been the subject of several analyst reports. Canaccord Genuity Group upped their target price on Celestica from $126.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Barclays upped their target price on Celestica from $146.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. CICC Research initiated coverage on Celestica in a research report on Tuesday, August 19th. They issued an “outperform” rating for the company. UBS Group reaffirmed a “neutral” rating and issued a $208.00 target price (up previously from $101.00) on shares of Celestica in a research report on Wednesday, July 30th. Finally, Citigroup upped their target price on Celestica from $172.00 to $212.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $174.75.

Celestica Trading Down 2.6%

Shares of CLS opened at $246.42 on Friday. The company has a market capitalization of $28.35 billion, a P/E ratio of 53.34 and a beta of 1.89. Celestica, Inc. has a one year low of $44.46 and a one year high of $257.40. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.44. The stock has a 50-day moving average price of $191.32 and a 200 day moving average price of $133.91.

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

Celestica 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.