Valley National Advisers Inc. Purchases Shares of 847 Celestica, Inc. $CLS

Valley National Advisers Inc. acquired a new stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 847 shares of the technology company’s stock, valued at approximately $132,000.

Several other hedge funds have also modified their holdings of the stock. Jones Financial Companies Lllp increased its position in Celestica by 1,103.8% during the first quarter. Jones Financial Companies Lllp now owns 24,486 shares of the technology company’s stock worth $1,930,000 after purchasing an additional 22,452 shares during the last quarter. Consolidated Planning Corp purchased a new stake in shares of Celestica during the 1st quarter valued at $3,361,000. Fortis Capital Advisors LLC purchased a new position in shares of Celestica in the 2nd quarter worth $343,000. Think Investments LP purchased a new position in shares of Celestica in the 1st quarter worth $14,939,000. Finally, Royal Bank of Canada boosted its holdings in Celestica by 1.5% in the first quarter. Royal Bank of Canada now owns 1,280,563 shares of the technology company’s stock valued at $100,922,000 after acquiring an additional 19,391 shares during the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CLS. TD Securities lowered Celestica from a “buy” rating to a “hold” rating and upped their price target for the stock from $130.00 to $238.00 in a research note on Friday. Weiss Ratings restated a “buy (b)” rating on shares of Celestica in a report on Saturday, September 27th. Wall Street Zen raised shares of Celestica from a “hold” rating to a “buy” rating in a research report on Saturday. Canaccord Genuity Group increased their price objective on shares of Celestica from $126.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. raised their target price on shares of Celestica from $225.00 to $295.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $207.38.

Celestica Stock Performance

Celestica stock opened at $235.31 on Tuesday. Celestica, Inc. has a 12-month low of $53.37 and a 12-month high of $261.83. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.86. The company has a market capitalization of $27.07 billion, a price-to-earnings ratio of 50.93 and a beta of 1.88. The firm’s fifty day moving average price is $220.34 and its 200 day moving average price is $152.77.

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