Sharpepoint LLC Has $2.67 Million Holdings in Celestica, Inc. $CLS

Sharpepoint LLC lowered its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 22.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,030 shares of the technology company’s stock after selling 2,567 shares during the quarter. Celestica accounts for about 1.6% of Sharpepoint LLC’s holdings, making the stock its 22nd largest position. Sharpepoint LLC’s holdings in Celestica were worth $2,669,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in CLS. NewGen Equity Long Short Fund acquired a new stake in shares of Celestica during the second quarter valued at approximately $14,050,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Celestica by 7,646.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,007 shares of the technology company’s stock valued at $157,000 after acquiring an additional 994 shares during the period. First Trust Advisors LP increased its stake in Celestica by 30.0% in the 2nd quarter. First Trust Advisors LP now owns 78,061 shares of the technology company’s stock valued at $12,197,000 after buying an additional 18,025 shares during the period. NewEdge Advisors LLC increased its stake in Celestica by 385.8% in the 2nd quarter. NewEdge Advisors LLC now owns 2,803 shares of the technology company’s stock valued at $438,000 after buying an additional 2,226 shares during the period. Finally, HUB Investment Partners LLC increased its stake in Celestica by 11.0% in the 2nd quarter. HUB Investment Partners LLC now owns 3,181 shares of the technology company’s stock valued at $497,000 after buying an additional 315 shares during the period. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Stock Performance

CLS stock opened at $363.89 on Thursday. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $41.84 billion, a price-to-earnings ratio of 44.00, a P/E/G ratio of 0.87 and a beta of 2.02. Celestica, Inc. has a 12 month low of $122.03 and a 12 month high of $474.02. The firm has a 50 day moving average of $371.02 and a two-hundred day moving average of $323.43.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, topping the consensus estimate of $2.08 by $0.08. The company had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.97 billion. Celestica had a net margin of 6.95% and a return on equity of 36.91%. The company’s revenue for the quarter was up 52.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.20 earnings per share. 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 anticipate that Celestica, Inc. will post 9.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CLS has been the topic of several research reports. Citigroup upped their price objective on shares of Celestica from $338.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Rothschild & Co Redburn initiated coverage on shares of Celestica in a research note on Friday, May 1st. They issued a “buy” rating and a $460.00 price objective on the stock. Susquehanna upped their price objective on shares of Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $480.00 price objective on shares of Celestica in a research note on Wednesday, April 29th. Finally, Stifel Nicolaus set a $445.00 price objective on shares of Celestica in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $427.42.

Insider Buying and Selling

In other Celestica news, Director Michael Max Wilson sold 4,168 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the director directly owned 24,718 shares of the company’s stock, valued at $8,238,756.58. The trade was a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.10% of the stock is owned by corporate insiders.

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.