5 Best Tech Stocks to Buy Now According to Nishkama Capital

4. Celestica Inc. (NYSE:CLS)

Nishkama Capital raised its stake in Celestica Inc. (NYSE:CLS) by 18% during Q3, giving the fund over 1.64 million shares valued at $14.6 million on September 30. Celestica hasn’t been overly popular among hedge funds but the stock did see a 50% jump in ownership to 21 funds during Q3, hitting an eight-year high.

The Q3 surge in hedge fund ownership of Celestica Inc. (NYSE:CLS) may have been due to the company’s late September acquisition of PCI Limited for $306 million in cash. That acquisition closed at the beginning of November, accelerating Celestica’s high-margin, high-growth strategy and giving the Canadian multinational corporation a stronger foothold in the lucrative Asian market.