Legacy Wealth Asset Management LLC Purchases 2,289 Shares of Celestica, Inc. $CLS

Legacy Wealth Asset Management LLC acquired a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,289 shares of the technology company’s stock, valued at approximately $827,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cibc World Market Inc. purchased a new stake in Celestica in the 2nd quarter worth approximately $757,811,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Celestica in the second quarter worth about $674,199,000. Royal Bank of Canada lifted its position in Celestica by 13.8% during the 1st quarter. Royal Bank of Canada now owns 1,283,561 shares of the technology company’s stock worth $361,553,000 after acquiring an additional 156,040 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Celestica during the second quarter valued at approximately $444,899,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Celestica during the 2nd quarter worth $351,717,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on CLS. JPMorgan Chase & Co. boosted their target price 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. Barclays dropped their price objective on shares of Celestica from $430.00 to $406.00 and set an “overweight” rating on the stock in a report on Friday, August 7th. Royal Bank Of Canada set a $450.00 price target on Celestica and gave the stock an “outperform” rating in a research report on Wednesday, August 26th. Weiss Ratings lowered shares of Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Finally, TD set a $430.00 price objective on shares of Celestica and gave the stock a “buy” rating in a research note on Wednesday, September 16th. Twenty-three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $450.50.

Insiders Place Their Bets

In other news, CEO Robert Mionis sold 98,453 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total transaction of $36,328,172.47. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Todd Cooper sold 20,118 shares of the company’s stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $360.00, for a total transaction of $7,242,480.00. Following the transaction, the president owned 73,252 shares in the company, valued at approximately $26,370,720. The trade was a 21.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 243,067 shares of company stock valued at $89,200,967. Insiders own 1.10% of the company’s stock.

Key Stories Impacting Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Celestica is benefiting from strong demand for AI infrastructure, including 800G and 1.6T networking, custom chips and related manufacturing services. Analysts highlighted partnerships and opportunities involving hyperscalers, frontier AI companies and chip leaders such as AMD and Google, with one outlook projecting more than $27 billion in fiscal 2027 revenue. Celestica: The Market Will Wake Up From Its Slumber Eventually
• Positive Sentiment: The company is expanding its communications portfolio with 1.6-terabit Ethernet, optical technologies and open-networking solutions aimed at AI and cloud customers. This broadens Celestica’s addressable market and could strengthen its role in next-generation data-center infrastructure. Can Celestica’s Expanding Communications Portfolio Benefit the Stock?
• Positive Sentiment: Recent investor interest follows a strong year-to-date advance and Celestica’s latest quarterly earnings beat, when revenue and adjusted earnings exceeded expectations and revenue grew substantially year over year. Celestica Rises 25.7% YTD: Buy, Sell or Hold the Stock?
• Neutral Sentiment: Several recent articles mainly reflect heightened search activity and investor debate rather than a new company announcement or material change to guidance. One commentary describes the stock as volatile and discusses whether investors should buy, sell or hold after its recent gains. Celestica Is Attracting Investor Attention
• Negative Sentiment: Valuation and execution risks could limit further upside. Commentary points to customer concentration, intense competition, potentially lower-margin growth and the possibility that hyperscaler capital spending normalizes after 2027. A separate analysis characterized CLS as still overvalued despite a high-quality score, contributing to recent volatility. Celestica Stock Down but Still Overvalued

Celestica Price Performance

Shares of NYSE:CLS opened at $362.13 on Friday. Celestica, Inc. has a twelve month low of $238.23 and a twelve month high of $474.02. The company has a market cap of $41.64 billion, a price-to-earnings ratio of 37.64 and a beta of 2.01. The business has a 50 day moving average price of $334.06 and a 200 day moving average price of $348.84. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.25. The firm had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%. The company’s quarterly revenue was up 62.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.39 earnings per share. 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 predict that Celestica, Inc. will post 10.71 earnings per share for the current year.

Celestica Company Profile

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply-chain services for original equipment manufacturers and other technology companies. The company helps customers develop, produce, deploy, and support complex hardware and electronic systems, serving industries such as communications, enterprise technology, aerospace and defense, industrial technology, health care, and semiconductor equipment.

Its services include product design and engineering, printed circuit board and systems assembly, manufacturing, testing, logistics, aftermarket support, and supply-chain management.