Key Points
- Celestica CFO Mandeep Chawla sold 16,117 shares at an average price of $369.32, generating approximately $5.95 million. The transaction reduced Chawla’s position by 19.76%, leaving 65,444 shares.
- Celestica reported strong quarterly results, with EPS of $2.54 and revenue of $4.68 billion, beating analyst estimates and increasing revenue 62.4% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $437.
- The company priced a $3 billion equity offering to expand capacity for AI infrastructure demand, but the issuance could cause roughly 8.4% to 10% dilution and pressure per-share earnings in the near term.
Celestica, Inc. (NYSE:CLS - Get Free Report) (TSE:CLS) CFO Mandeep Chawla sold 16,117 shares of the firm's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total value of $5,952,330.44. Following the completion of the transaction, the chief financial officer owned 65,444 shares of the company's stock, valued at approximately $24,169,778.08. This represents a 19.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 stock was 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 stock was sold at an average price of $399.65, for a total transaction of $6,794,050.00.
Celestica Price Performance
Shares of NYSE CLS opened at $314.89 on Friday. The stock has a market cap of $36.20 billion, a price-to-earnings ratio of 32.73 and a beta of 2.06. Celestica, Inc. has a 52 week low of $173.23 and a 52 week high of $474.02. The company's 50-day moving average price is $359.62 and its 200 day moving average price is $334.56. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32.
Celestica (NYSE:CLS - Get Free Report) (TSE:CLS) last posted its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.25. The firm had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The firm's revenue for the quarter was up 62.4% on a year-over-year basis. During the same period last year, the firm posted $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. As a group, research analysts forecast that Celestica, Inc. will post 9.97 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the company. Zacks Research upgraded Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 26th. BMO Capital Markets increased their target price on Celestica from $370.00 to $450.00 and gave the company an "outperform" rating in a report on Friday, April 24th. TD raised their price target on Celestica from $330.00 to $350.00 and gave the stock a "hold" rating in a research report on Monday, April 20th. UBS Group reissued a "neutral" rating and set a $410.00 price target on shares of Celestica in a research report on Wednesday, July 29th. Finally, Rothschild & Co Redburn began coverage on Celestica in a report on Friday, May 1st. They issued a "buy" rating and a $460.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Celestica has an average rating of "Moderate Buy" and an average target price of $437.00.
View Our Latest Stock Analysis on CLS
More Celestica News
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 Investors Weigh In On Celestica
A number of hedge funds and other institutional investors have recently modified their holdings of CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Celestica in the fourth quarter valued at approximately $28,000. Ascentis Independent Advisors purchased a new position in shares of Celestica during the first quarter valued at approximately $29,000. Swiss RE Ltd. acquired a new stake in Celestica during the fourth quarter worth approximately $29,000. Cullen Frost Bankers Inc. acquired a new stake in Celestica during the fourth quarter worth approximately $30,000. Finally, Sittner & Nelson LLC purchased a new stake in Celestica in the 4th quarter worth approximately $31,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.
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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