Key Points
- Celestica President Jason Phillips sold 100,000 shares on Feb. 6 at an average price of $308.92 (part of 120,000 shares sold across Feb. 5–6), raising about $30.9 million and reducing his direct holding by ~88.8% to 12,584 shares.
- Despite the insider sales, several analysts raised ratings and price targets (UBS to $350, Barclays to $391, Stifel to $385), leaving a MarketBeat consensus of “Moderate Buy” with a $356.59 target while the stock traded up roughly 4.2%.
Celestica, Inc. (NYSE:CLS - Get Free Report) (TSE:CLS) President Todd Cooper sold 1,065 shares of the business's stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $283.51, for a total value of $301,938.15. Following the completion of the sale, the president owned 108,970 shares of the company's stock, valued at $30,894,084.70. The trade was a 0.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.
Celestica Price Performance
Shares of CLS opened at $307.36 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.47. The stock has a market capitalization of $35.36 billion, a PE ratio of 42.81 and a beta of 1.86. The company has a 50 day moving average price of $307.14 and a 200-day moving average price of $271.11. Celestica, Inc. has a fifty-two week low of $58.05 and a fifty-two week high of $363.40.
Analyst Ratings Changes
CLS has been the subject of several research analyst reports. Citigroup reduced their price objective on Celestica from $375.00 to $338.00 and set a "buy" rating for the company in a research note on Friday, January 30th. BMO Capital Markets restated an "outperform" rating on shares of Celestica in a research report on Monday, January 26th. TD Cowen restated a "hold" rating on shares of Celestica in a research report on Friday, January 30th. Canadian Imperial Bank of Commerce upped their price objective on shares of Celestica from $315.00 to $400.00 and gave the company an "outperform" rating in a research note on Wednesday, October 29th. Finally, The Goldman Sachs Group lifted their price target on Celestica from $340.00 to $440.00 and gave the stock a "buy" rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $356.59.
Get Our Latest Research Report on CLS
Celestica News Roundup
Here are the key news stories impacting Celestica this week:
- Positive Sentiment: Zacks upgraded CLS to a Strong Buy (Zacks #1), signaling improved near-term earnings optimism that can attract momentum and retail flows. Celestica (CLS) Upgraded to Strong Buy: Here's Why
- Positive Sentiment: Zacks also put CLS on its momentum list of stocks to buy, which can amplify short‑term inflows from momentum-focused funds and traders. Best Momentum Stocks to Buy for February 6th
- Positive Sentiment: Sector/market narrative: coverage highlights Celestica as a beneficiary of Google’s huge 2026 capex plan, suggesting sustained demand for cloud and infrastructure electronics (a tailwind for CLS’s contract manufacturing). Why Celestica is a Massive Winner from Google’s CapEx Bonanza
- Positive Sentiment: Analyst/coverage support: TD Securities projects >10% upside, reinforcing bullish analyst sentiment that can support further price gains. Celestica Inc. (CLS:CA) TD Securities Forecasts Over 10% Upside
- Positive Sentiment: Fundamental bullishness: recent commentary (Seeking Alpha, Zacks) highlights strong growth in the HPS segment (now a material portion of revenue) and attractive longer‑term growth/valuation metrics — supporting a growth case beyond near‑term momentum. Celestica: A Hidden Gem For Aggressive Growth Portfolios
- Neutral Sentiment: Valuation discussion: coverage assessing valuation after recent volatility — useful for longer‑term investors to weigh the rally versus historical multiples and risk. Assessing Celestica (TSX:CLS) Valuation After Recent Share Price Weakness
- Negative Sentiment: Significant insider selling: multiple filings show large sales by executives — notably President Jason Phillips sold 120,000 shares across Feb 5–6 (including a 100,000‑share sale at ~\$308.92), and other insider disposals were also reported. Heavy insider selling can concern investors about insider conviction despite positive headlines. SEC Insider Filing(s)
- Negative Sentiment: Media flagged the insider transactions in roundup stories, which can create short‑term selling pressure or cause some investors to reassess timing despite bullish analyst and sector narratives. Insider Selling: Celestica (NYSE:CLS) President Sells $25,722,175.80 in Stock
Hedge Funds Weigh In On Celestica
A number of hedge funds and other institutional investors have recently bought and sold shares of CLS. Golden State Wealth Management LLC increased its position in Celestica by 102.5% during the 2nd quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company's stock worth $26,000 after purchasing an additional 83 shares during the period. Cullen Frost Bankers Inc. acquired a new position in shares of Celestica during the 4th quarter worth $30,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Celestica by 42.5% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company's stock valued at $31,000 after purchasing an additional 37 shares in the last quarter. First Horizon Corp purchased a new stake in Celestica in the 3rd quarter valued at approximately $31,000. Finally, Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Celestica in the fourth quarter valued at $38,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.
Celestica Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
