Key Points
- Celestica CFO Mandeep Chawla sold 17,000 shares on June 15 at an average price of $399.65, totaling about $6.79 million. After the sale, he still held 82,444 shares valued at roughly $32.95 million.
- The transaction reduced Chawla’s ownership stake by 17.1%, and it was disclosed in an SEC filing. The article also notes that other Celestica insiders, including CEO Robert Mionis, have recently sold shares as well.
- Despite insider selling, Celestica has posted strong earnings and revenue growth, with Q1 EPS of $2.16 beating estimates and revenue up 52.8% year over year. Analysts remain broadly positive, with a consensus rating of Moderate Buy and an average price target of $427.42.
Celestica, Inc. (NYSE:CLS - Get Free Report) (TSE:CLS) CFO Mandeep Chawla sold 17,000 shares of the firm's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $399.65, for a total transaction of $6,794,050.00. Following the sale, the chief financial officer owned 82,444 shares of the company's stock, valued at approximately $32,948,744.60. This represents a 17.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Celestica Stock Performance
CLS stock opened at $380.31 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 1.26. The stock has a market cap of $43.72 billion, a P/E ratio of 45.99, a P/E/G ratio of 0.89 and a beta of 2.02. The firm has a 50 day simple moving average of $380.87 and a 200 day simple moving average of $325.89. Celestica, Inc. has a 52 week low of $130.68 and a 52 week high of $474.02.
Celestica (NYSE:CLS - Get Free Report) (TSE:CLS) last posted its quarterly earnings results on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, topping the consensus estimate of $2.08 by $0.08. The business had revenue of $3.96 billion during the quarter, compared to analysts' expectations of $3.97 billion. Celestica had a net margin of 6.95% and a return on equity of 36.91%. The firm's quarterly revenue was up 52.8% compared to the same quarter last year. During the same period last year, the company posted $1.20 earnings per share. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. Research analysts anticipate that Celestica, Inc. will post 9.5 earnings per share for the current fiscal year.
Institutional Trading of Celestica
A number of institutional investors have recently added to or reduced their stakes in CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Celestica in the fourth quarter valued at approximately $28,000. Ascentis Independent Advisors bought a new position in shares of Celestica in the first quarter valued at approximately $29,000. Swiss RE Ltd. bought a new position in shares of Celestica in the fourth quarter valued at approximately $29,000. Cullen Frost Bankers Inc. bought a new position in shares of Celestica in the fourth quarter valued at approximately $30,000. Finally, Sittner & Nelson LLC bought a new position in shares of Celestica in the fourth quarter valued at approximately $31,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have issued reports on the stock. Barclays lifted their target price on shares of Celestica from $391.00 to $441.00 and gave the company an "overweight" rating in a research note on Wednesday, April 29th. Bank of America lifted their target price on shares of Celestica from $400.00 to $430.00 and gave the company a "buy" rating in a research note on Monday, April 20th. TD Securities upgraded shares of Celestica from a "hold" rating to a "buy" rating and set a $430.00 target price for the company in a research note on Wednesday, April 29th. The Goldman Sachs Group reiterated a "buy" rating and issued a $475.00 target price on shares of Celestica in a research note on Tuesday, April 28th. Finally, Canadian Imperial Bank of Commerce reiterated an "outperform" rating and issued a $480.00 target price on shares of Celestica in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $427.42.
Read Our Latest Stock Report on Celestica
Key Stories Impacting Celestica
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About Celestica
(
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.
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