Trek Financial LLC Purchases 9,099 Shares of Celestica, Inc. $CLS

Trek Financial LLC raised its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 326.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,883 shares of the technology company’s stock after buying an additional 9,099 shares during the quarter. Trek Financial LLC’s holdings in Celestica were worth $2,928,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CLS. Golden State Wealth Management LLC raised its stake 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 worth $26,000 after acquiring an additional 83 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Celestica by 42.5% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock worth $31,000 after purchasing an additional 37 shares during the last quarter. First Horizon Corp acquired a new position in shares of Celestica during the third quarter worth $31,000. ST Germain D J Co. Inc. acquired a new position in shares of Celestica during the second quarter worth $37,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Celestica during the 2nd quarter valued at $40,000. 67.38% of the stock is currently owned by institutional investors.

Key Stories Impacting Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: TD Securities set a $305 price target, reinforcing buy-side confidence in Celestica’s near-term valuation and growth outlook. Read More.
• Positive Sentiment: Brokerages’ consensus remains constructive — Celestica was given an average “Moderate Buy” rating by analysts, supporting upside expectations. Read More.
• Positive Sentiment: Aletheia Capital published a bullish forecast calling for strong price appreciation, adding to positive sentiment from independent investors. Read More.
• Positive Sentiment: Earnings previews and analyst notes expect Celestica to “double beat” on Q4 results, supported by growth in the CCS (cloud & data-center) segment driven by AI/data-center demand and new switch programs. These expectations are a key driver of the stock’s strength. Read More.
• Neutral Sentiment: Multiple media pieces and analyst summaries (Globe and Mail, MSN) provide mixed analyst commentary and broader sector context but add no single decisive catalyst. Read More. Read More.
• Neutral Sentiment: Investor guidance pieces (e.g., “Should you sell your Celestica stock?”) discuss valuation and risk/ reward but do not introduce new fundamentals. Read More.
• Negative Sentiment: A report that Alphabet is exploring additional TPU suppliers triggered an early sell-off in CLS (shares fell on the news), creating short-term pressure despite the interpretation that it signals rising TPU demand overall. Read More.
• Negative Sentiment: Zacks highlighted a decline in ATS revenues and recent stock weakness (intraday slide), flagging risk from softer end markets and inventory pressure that could weigh on Q4 results if not offset by CCS strength. Read More.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. BMO Capital Markets set a $370.00 target price on Celestica and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. CIBC raised their price target on Celestica from $315.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. TD Cowen restated a “hold” rating and set a $238.00 price objective on shares of Celestica in a report on Friday, October 3rd. JPMorgan Chase & Co. lifted their target price on shares of Celestica from $295.00 to $360.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Finally, New Street Research set a $400.00 target price on shares of Celestica in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Celestica currently has a consensus rating of “Moderate Buy” and a consensus price target of $340.75.

Insider Activity

In other Celestica news, Director Laurette T. Koellner bought 6,000 shares of Celestica stock in a transaction that occurred on Thursday, October 30th. The stock was purchased at an average price of $341.67 per share, with a total value of $2,050,020.00. Following the completion of the acquisition, the director directly owned 6,000 shares in the company, valued at approximately $2,050,020. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.52% of the stock is currently owned by company insiders.

Celestica Trading Up 4.4%

Celestica stock opened at $303.66 on Friday. The stock has a 50-day moving average price of $309.47 and a 200 day moving average price of $261.98. The company has a market capitalization of $34.93 billion, a price-to-earnings ratio of 49.30 and a beta of 1.87. Celestica, Inc. has a 52 week low of $58.05 and a 52 week high of $363.40. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.37.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Monday, October 27th. The technology company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.13. Celestica had a net margin of 6.35% and a return on equity of 30.53%. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the prior year, the company earned $1.04 EPS. Celestica’s quarterly revenue was up 27.8% on a year-over-year basis. Sell-side analysts anticipate that Celestica, Inc. will post 4.35 EPS for the current year.

About Celestica

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.