Sierra Summit Advisors LLC Raises Stock Position in Celestica, Inc. $CLS

Sierra Summit Advisors LLC raised its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 13.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,828 shares of the technology company’s stock after purchasing an additional 910 shares during the quarter. Sierra Summit Advisors LLC’s holdings in Celestica were worth $1,222,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CLS. Golden State Wealth Management LLC raised its position in shares of Celestica by 102.5% during the 2nd quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock valued at $26,000 after buying an additional 83 shares during the period. ST Germain D J Co. Inc. acquired a new stake in Celestica during the second quarter worth $37,000. First Horizon Advisors Inc. raised its position in Celestica by 33.1% in the second quarter. First Horizon Advisors Inc. now owns 350 shares of the technology company’s stock valued at $55,000 after purchasing an additional 87 shares during the period. Wolff Wiese Magana LLC raised its position in Celestica by 45.6% in the second quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company’s stock valued at $57,000 after purchasing an additional 114 shares during the period. Finally, Rothschild Investment LLC lifted its stake in shares of Celestica by 20.0% in the 2nd quarter. Rothschild Investment LLC now owns 390 shares of the technology company’s stock valued at $61,000 after purchasing an additional 65 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Insider Buying and Selling at Celestica

In related news, Director Laurette T. Koellner acquired 6,000 shares of the business’s stock in a transaction dated Thursday, October 30th. The shares were acquired at an average price of $341.67 per share, with a total value of $2,050,020.00. Following the completion of the transaction, the director owned 6,000 shares of the company’s stock, valued at $2,050,020. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Royal Bank Of Canada raised their price objective on Celestica from $315.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Canaccord Genuity Group increased their target price on shares of Celestica from $126.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. TD Securities lifted their price target on shares of Celestica from $238.00 to $305.00 and gave the company a “hold” rating in a research report on Wednesday, October 29th. Wall Street Zen raised shares of Celestica from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Finally, The Goldman Sachs Group upped their price objective on shares of Celestica from $340.00 to $440.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Celestica presently has an average rating of “Moderate Buy” and a consensus target price of $336.13.

Celestica Stock Down 0.7%

Shares of NYSE:CLS opened at $280.29 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.47 and a quick ratio of 0.86. The firm has a market capitalization of $32.23 billion, a PE ratio of 45.50 and a beta of 1.85. The firm’s 50-day moving average is $282.73 and its two-hundred day moving average is $204.13. Celestica, Inc. has a 1 year low of $58.05 and a 1 year high of $363.40.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Monday, October 27th. The technology company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.45 by $0.13. The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.01 billion. Celestica had a net margin of 6.35% and a return on equity of 30.53%. The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.04 earnings per share. Analysts predict that Celestica, Inc. will post 4.35 EPS for the current year.

About Celestica

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.