In its latest 13F filing covering the third quarter, QRG Capital Management Inc. disclosed a new stake in Celestica, Inc., acquiring 1,679 shares valued at approximately 414,000 dollars. This marks QRG’s first reported holding in the electronics manufacturing services provider, reflecting growing institutional interest in Celestica’s exposure to cloud and data-center hardware demand.

Several other investment firms also adjusted their Celestica holdings during the same period. Golden State Wealth Management more than doubled its position, adding 83 shares to reach 164 shares. MassMutual Private Wealth & Trust increased its stake by 42.5 percent through the purchase of 37 additional shares, while First Horizon Corp, ST Germain D J Co. Inc. and Twin Peaks Wealth Advisors each initiated new positions ranging from 124 to 164 shares. Collectively, these moves contributed to institutional investors’ ownership rising to 67.38 percent of outstanding equity.

For the quarter ended September 30, Celestica reported revenue of 3.19 billion dollars, a year-over-year increase of 27.8 percent, driven primarily by strength in its cloud and data-center segment. Earnings per share came in at 1.58 dollars, beating consensus estimates by 0.13 dollars, while return on equity reached 30.53 percent. Management upheld its full-year guidance, and analysts project annual earnings per share of 4.35 dollars for the current fiscal year.

Research firms have grown more bullish, with fifteen analysts now rating Celestica a buy or stronger and average price targets rising by over 15 percent since the prior quarter. Notably, a leading director acquired 6,000 shares in late October, increasing her holdings to the same level. These developments, alongside a consensus “Moderate Buy” recommendation, underscore market optimism around Celestica’s role in supporting AI-driven hardware programs and hyperscale data-center expansions.