Viking Global Investors Reduces $17M in Celestica Inc. ($CLS)
Key Points
- Viking Global Investors changed its Celestica Inc. ($CLS) stake by 2.6% last quarter, cutting to 1,654,989 shares worth $638.59 million.
- Wall Street's consensus rating on $CLS is Strong Buy and an average price target of $444.11.
- $CLS last traded around $385.86.
Viking Global Investors trimmed its position in Celestica Inc. ($CLS) by 2.6% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,654,989 shares of Celestica Inc. after selling 44,247 shares during the quarter. Viking Global Investors's holdings in Celestica Inc. were worth $638.59 million as of its most recent filing.
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About Celestica Inc.
Celestica Inc., together with its subsidiaries, provides supply chain solutions in Asia, North America, and internationally. It operates through two segments, Advanced Technology Solutions, and Connectivity and 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, mechanical assembly, systems integration, precision machining, logistics, asset management, product licensing, and after-market repair and return services. It also provides hardware platform solutions, which includes development of infrastructure platforms, and hardware and software design solutions and services, including open-source software that can be used as-is or customized for specific applications; and management of program, including design and supply chain, manufacturing, and after-market support, including IT asset disposition and asset management services. The company offers its products and services to original equipment manufacturers, and cloud-based and other service providers, including hyperscalers, and other companies in aerospace and defense, industrial, HealthTech, capital equipment, communications, and enterprise markets. The company has a strategic collaboration with Advanced Micro Devices, Inc. for the development of Helios, a rack-scale AI platform. The company was incorporated in 1994 and is headquartered in Toronto, Canada.
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