In its latest 13F filing for the third quarter, QRG Capital Management Inc. reported the acquisition of 1,679 shares of Celestica, Inc., representing a new position valued at approximately $414,000. This marks QRG’s first foray into the company’s stock, reflecting confidence in Celestica’s recent revenue growth driven by expanding cloud and data-center solutions. The purchase places QRG among the top 10 shareholders to establish a new stake in the period and signals institutional interest in Celestica’s enabling role in AI-related hardware production.

Other asset managers have also ramped up holdings in Celestica. Golden State Wealth Management LLC doubled its position in the second quarter, increasing from 81 to 164 shares, while MassMutual Private Wealth & Trust FSB boosted its stake by 42.5% in the third quarter to 124 shares. First Horizon Corp, ST Germain D J Co. Inc. and Twin Peaks Wealth Advisors LLC initiated small positions totaling approximately $108,000 across the second and third quarters combined. Together, these changes contribute to a current institutional ownership level of 67.38%, underlining a broader trend of portfolio managers positioning for continued demand in electronics manufacturing services.

Celestica reported third-quarter revenue of $3.19 billion, up 27.8% year-over-year, and delivered EPS of $1.58, exceeding consensus by $0.13. Return on equity reached 30.53% and net margin stood at 6.35%. Analysts anticipate full-year EPS of approximately 4.35, driven by strength in the CCS (cloud & data-center) segment. Research firms including TD Securities, JPMorgan Chase and Stifel Nicolaus have recently raised their price targets, while the consensus brokerage rating remains “Moderate Buy” with 14 buys and 4 holds. These endorsements underscore expectations for further outperformance on sustained hyperscaler capital expenditure.

Director Laurette T. Koellner acquired 6,000 shares on October 30th at an average cost of $341.67 per share, for a total investment of $2,050,020. Post-transaction, Koellner’s ownership rose by 100% to 6,000 shares, representing insider conviction in Celestica’s growth trajectory. Insider holdings now account for 0.52% of the outstanding share base, complementing the uptick in institutional investment and reinforcing management’s alignment with shareholder interests.