Mitsubishi UFJ Asset Management Co. Ltd. Makes New $2.19 Million Investment in Celestica, Inc. $CLS

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,994 shares of the technology company’s stock, valued at approximately $2,187,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CLS. Northwestern Mutual Wealth Management Co. increased its holdings in Celestica by 5,806,149.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock valued at $1,081,323,000 after buying an additional 3,657,874 shares in the last quarter. Viking Global Investors LP purchased a new stake in shares of Celestica during the 3rd quarter worth approximately $424,459,000. Norges Bank acquired a new stake in shares of Celestica in the 4th quarter worth approximately $456,511,000. AQR Capital Management LLC purchased a new position in Celestica in the 4th quarter valued at approximately $315,497,000. Finally, JPMorgan Chase & Co. increased its stake in Celestica by 24.8% in the 4th quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock valued at $1,187,650,000 after purchasing an additional 798,782 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Robert Mionis sold 23,496 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $362.39, for a total transaction of $8,514,715.44. Following the sale, the chief executive officer owned 23,396 shares in the company, valued at approximately $8,478,476.44. This trade represents a 50.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mandeep Chawla sold 16,117 shares of Celestica stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the completion of the sale, the chief financial officer directly owned 65,444 shares of the company’s stock, valued at $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. In the last 90 days, 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

A number of analysts have commented on the company. Canadian Imperial Bank of Commerce boosted their target price on Celestica from $480.00 to $500.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. boosted their price objective on shares of Celestica from $445.00 to $485.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. The Goldman Sachs Group reissued a “buy” rating and issued a $475.00 price objective on shares of Celestica in a research note on Tuesday, April 28th. Barclays dropped their target price on shares of Celestica from $430.00 to $406.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Finally, Rothschild & Co Redburn started coverage on shares of Celestica in a research report on Friday, May 1st. They set a “buy” rating and a $460.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Celestica presently has an average rating of “Moderate Buy” and a consensus price target of $438.86.

Celestica Trading Down 2.0%

Shares of CLS stock opened at $296.03 on Friday. The company has a market capitalization of $34.04 billion, a price-to-earnings ratio of 30.77 and a beta of 2.06. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average price of $341.15 and a 200 day moving average price of $335.16. Celestica, Inc. has a twelve month low of $179.01 and a twelve month high of $474.02.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.25. The company had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The firm’s revenue for the quarter was up 62.4% compared to the same quarter last year. During the same period last 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. Research analysts forecast that Celestica, Inc. will post 10.15 earnings per share for the current fiscal year.

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.