Celestica (NYSE:CLS) CFO Mandeep Chawla Sells 16,117 Shares of Stock

Celestica, Inc. (NYSE:CLS) (TSE:CLS) CFO Mandeep Chawla sold 16,117 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total value of $5,952,330.44. Following the sale, the chief financial officer directly owned 65,444 shares of the company’s stock, valued at approximately $24,169,778.08. This represents a 19.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Mandeep Chawla also recently made the following trade(s):

• On Friday, July 31st, Mandeep Chawla sold 883 shares of Celestica stock. The shares were sold at an average price of $366.52, for a total transaction of $323,637.16.
• On Monday, June 15th, Mandeep Chawla sold 17,000 shares of Celestica stock. The shares were sold at an average price of $399.65, for a total transaction of $6,794,050.00.

Celestica Stock Performance

Shares of CLS opened at $314.89 on Friday. The stock has a market capitalization of $36.20 billion, a P/E ratio of 32.73 and a beta of 2.06. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23. Celestica, Inc. has a 1 year low of $173.23 and a 1 year high of $474.02. The company’s fifty day moving average is $359.62 and its two-hundred day moving average is $334.56.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, topping the consensus estimate of $2.29 by $0.25. The company had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The business’s revenue was up 62.4% on a year-over-year basis. During the same quarter last year, the business earned $1.39 EPS. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. On average, sell-side analysts predict that Celestica, Inc. will post 9.97 earnings per share for the current year.

Analysts Set New Price Targets

CLS has been the subject of a number of recent analyst reports. TD raised their price objective on shares of Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a research report on Monday, April 20th. Canadian Imperial Bank of Commerce increased their target price on Celestica from $480.00 to $500.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. UBS Group reissued a “neutral” rating and issued a $410.00 price target on shares of Celestica in a report on Wednesday, July 29th. The Goldman Sachs Group restated a “buy” rating and issued a $475.00 price target on shares of Celestica in a research note on Tuesday, April 28th. Finally, TD Securities raised Celestica from a “hold” rating to a “buy” rating and set a $430.00 price objective on the stock in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $437.00.

Celestica News Summary

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Celestica priced an offering of 9,677,419 common shares at $310 each, expecting approximately $3 billion in gross proceeds. Management plans to use the capital to expand capacity and fund investments supporting strong, multi-year demand for AI infrastructure, including data-center and networking products. Celestica Announces Pricing of Equity Offering
• Positive Sentiment: Recent coverage highlighted accelerating AI networking-switch revenue, significant gross-margin expansion and planned capital expenditures of roughly $1 billion. The investment could strengthen Celestica’s ability to serve hyperscaler customers and sustain elevated growth over multiple years. Celestica Just Unloaded Bad News – Buy It
• Positive Sentiment: Analyst commentary continued to identify Celestica as a high-quality growth stock, citing its growth profile, AI exposure and improving operating performance. Technical coverage also noted that the shares had recently moved above their 50-day moving average, a potential short-term bullish signal. Top-Ranked Growth Stocks for August
• Neutral Sentiment: The offering is intended to strengthen Celestica’s balance sheet and accelerate growth, but the additional shares create an estimated short-term dilution of approximately 8.4% to 10%. The longer-term benefit depends on whether the funded expansion generates sufficient returns. Celestica’s $3B Raise
• Negative Sentiment: Investors reacted negatively to the discounted share issuance because it increases the share count and could pressure per-share earnings. Analysts cited dilution and potential EPS headwinds, with some taking a more cautious view of the stock’s valuation. Celestica Shares Slide After Equity Offering

Institutional Trading of Celestica

Institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its position in Celestica by 5,806,149.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock worth $1,081,323,000 after buying an additional 3,657,874 shares during the period. Viking Global Investors LP acquired a new stake in shares of Celestica during the 3rd quarter valued at approximately $424,459,000. Norges Bank acquired a new stake in shares of Celestica during the 4th quarter valued at approximately $456,511,000. AQR Capital Management LLC purchased a new stake in shares of Celestica during the 4th quarter worth approximately $315,497,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Celestica by 24.8% during the 4th quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock worth $1,187,650,000 after acquiring an additional 798,782 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

About Celestica

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.