Berkshire Capital Holdings Inc. increased its investment in Celestica, Inc. by 497,800%. The firm purchased 49,780 additional shares. The total holding now stands at 49,790 shares. This position is valued at approximately $14.7 million. The stake represents 4.9% of the firm's portfolio.
Celestica reported a 52.8% year-over-year revenue increase. Quarterly earnings per share exceeded analyst expectations. The company's growth is driven by its role in the AI and communications infrastructure markets.
Celestica shares rose 3.7% following the news. The stock traded at $367.81. Analysts maintain a consensus Moderate Buy rating on the stock. The average price target for the company is $427.42.