35,574 Shares in Celestica, Inc. $CLS Purchased by Chase Investment Counsel Corp

Chase Investment Counsel Corp purchased a new stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 35,574 shares of the technology company’s stock, valued at approximately $12,977,000. Celestica accounts for approximately 2.7% of Chase Investment Counsel Corp’s portfolio, making the stock its 11th largest position.

Other hedge funds have also bought and sold shares of the company. Legacy Wealth Managment LLC ID grew its holdings in Celestica by 14.4% in the first quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company’s stock worth $63,000 after purchasing an additional 28 shares during the period. Capital Planning LLC lifted its holdings in shares of Celestica by 3.2% during the first quarter. Capital Planning LLC now owns 1,025 shares of the technology company’s stock valued at $289,000 after purchasing an additional 32 shares during the last quarter. PCB Capital LLC boosted its position in shares of Celestica by 3.5% in the 1st quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock worth $280,000 after purchasing an additional 34 shares in the last quarter. Avantax Planning Partners Inc. boosted its position in shares of Celestica by 2.7% in the 4th quarter. Avantax Planning Partners Inc. now owns 1,528 shares of the technology company’s stock worth $452,000 after purchasing an additional 40 shares in the last quarter. Finally, Park Square Financial Group LLC grew its stake in shares of Celestica by 36.3% in the 4th quarter. Park Square Financial Group LLC now owns 154 shares of the technology company’s stock worth $46,000 after buying an additional 41 shares during the last quarter. Institutional investors own 67.38% of the company’s stock.

Key Headlines Impacting Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Bank of America identified Celestica among 16 AI-related stocks that may offer bargain opportunities following the sector’s pullback. The designation supports the view that recent weakness could attract value-oriented investors. Bank of America Sees Bargains in These 16 Knocked-Down AI Stocks
• Positive Sentiment: Wall Street’s average brokerage recommendation remains favorable, although the reports caution that sell-side ratings can be overly optimistic. Celestica’s prior quarterly results also showed strong momentum, with revenue rising 62.4% year over year and earnings exceeding consensus estimates. Is Celestica a Buy as Wall Street Analysts Look Optimistic?
• Positive Sentiment: Analysts continue to view Celestica as an important beneficiary of AI-related demand across networking, computing and data-center infrastructure. A comparison with Arista Networks highlights the company’s potential growth opportunity as customers expand AI capacity. CLS vs. ANET: Which AI Stock Offers the Better Growth Opportunity?
• Neutral Sentiment: Scotiabank began coverage of Celestica, potentially increasing analyst visibility and institutional interest, though the available report does not specify the firm’s rating or price target. Scotiabank Begins Coverage on Celestica
• Positive Sentiment: Industry commentary says electronics-manufacturing providers are benefiting from rising technology investment, increasingly complex products and greater outsourcing by OEMs—favorable long-term conditions for Celestica’s core business. These 4 Electronics-Manufacturing Stocks Are Surging
• Negative Sentiment: CEO Robert Mionis sold 23,496 shares for approximately $8.5 million, reducing his direct ownership by about 50%. Although the transaction was disclosed through an SEC filing and may be routine, the sizable insider sale can weigh on sentiment, particularly after the stock’s substantial run-up.
• Negative Sentiment: The broader AI trade is experiencing a pullback, creating near-term valuation and momentum pressure for high-beta names such as Celestica. Investors may therefore be taking profits despite the company’s favorable growth outlook.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Weiss Ratings downgraded Celestica from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. TD Cowen upgraded Celestica from a “hold” rating to a “buy” rating and raised their price target for the company from $350.00 to $430.00 in a report on Wednesday, April 29th. JPMorgan Chase & Co. upped their price target on shares of Celestica from $445.00 to $485.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Stifel Nicolaus set a $500.00 price objective on shares of Celestica in a research report on Tuesday, July 28th. Finally, Rothschild & Co Redburn assumed coverage on shares of Celestica in a research report on Friday, May 1st. They set a “buy” rating and a $460.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $438.86.

Insiders Place Their Bets

In other news, 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 transaction of $5,952,330.44. Following the transaction, the chief financial officer directly owned 65,444 shares of the company’s stock, valued at $24,169,778.08. This represents a 19.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert Mionis sold 23,496 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $362.39, for a total value of $8,514,715.44. Following the completion of the transaction, the chief executive officer owned 23,396 shares in the company, valued at approximately $8,478,476.44. This trade represents a 50.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 360,721 shares of company stock valued at $136,627,680. Company insiders own 1.10% of the company’s stock.

Celestica Stock Performance

Shares of NYSE CLS opened at $334.44 on Monday. The firm’s 50-day moving average price is $348.14 and its 200-day moving average price is $335.47. Celestica, Inc. has a 52-week low of $173.23 and a 52-week high of $474.02. The company has a market cap of $38.45 billion, a PE ratio of 34.76 and a beta of 2.06. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data 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 analysts’ expectations of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The firm’s quarterly revenue was up 62.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.39 earnings per share. 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, analysts anticipate that Celestica, Inc. will post 9.97 EPS for the current year.

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.