Celestica (NYSE:CLS) CFO Mandeep Chawla Sells 17,000 Shares of Stock

Celestica, Inc. (NYSE:CLS) (TSE:CLS) CFO Mandeep Chawla sold 17,000 shares of Celestica 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 completion of the transaction, the chief financial officer directly owned 82,444 shares in the company, valued at $32,948,744.60. This represents a 17.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Celestica Stock Performance

Shares of CLS opened at $380.31 on Thursday. The firm’s 50 day moving average is $380.87 and its 200-day moving average is $325.89. The stock has a market capitalization 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 company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73. Celestica, Inc. has a 12-month low of $130.68 and a 12-month high of $474.02.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.08. The company had revenue of $3.96 billion for 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 business’s revenue was up 52.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 EPS. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. Equities research analysts anticipate that Celestica, Inc. will post 9.5 EPS for the current fiscal year.

Trending Headlines about Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Celestica continues to attract investor attention, and Zacks highlighted CLS as one of several GARP stocks with solid growth prospects and attractive valuation. Add These 4 GARP Stocks to Your Portfolio to Receive Handsome Returns
• Positive Sentiment: Another Zacks note said CLS has been showing up frequently in investor searches, which can reflect heightened interest in the stock and ongoing bullish speculation. Celestica, Inc. (CLS) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: A Yahoo Finance piece pointed to Celestica as a potential beneficiary of surging data-center demand, a broader industry tailwind that could support its long-term growth outlook. 3 TSX Stocks That Could Benefit From Surging Data Centre Demand
• Neutral Sentiment: Separately, a GlobeNewswire release about “CLS Living” expanding its property portfolio appears unrelated to Celestica, so it likely has little to no impact on the stock. CLS Living Expands National Portfolio with Eight New Communities Under Management
• Negative Sentiment: CEO Robert Mionis sold multiple blocks of Celestica shares, including a large June 16 sale and another June 17 sale, signaling significant insider selling that may raise caution among investors. SEC filing for Robert Mionis sale
• Negative Sentiment: CFO Mandeep Chawla also sold shares on June 15, adding to the impression that company insiders may be taking profits after the stock’s strong run. SEC filing for Mandeep Chawla sale

Wall Street Analysts Forecast Growth

Several brokerages have commented on CLS. Citigroup raised their target price on shares of Celestica from $338.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Rothschild & Co Redburn began coverage on shares of Celestica in a report on Friday, May 1st. They issued a “buy” rating and a $460.00 target price for the company. 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 report on Wednesday, April 29th. Zacks Research cut shares of Celestica from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Finally, Royal Bank Of Canada raised their target price on shares of Celestica from $400.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $427.42.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Spark Investment Management LLC boosted its holdings in shares of Celestica by 17.4% in the third quarter. Spark Investment Management LLC now owns 27,000 shares of the technology company’s stock worth $6,643,000 after buying an additional 4,000 shares during the period. Spire Wealth Management boosted its holdings in shares of Celestica by 354.3% during the fourth quarter. Spire Wealth Management now owns 5,979 shares of the technology company’s stock worth $1,767,000 after purchasing an additional 4,663 shares during the period. William Blair Investment Management LLC acquired a new stake in shares of Celestica during the third quarter worth approximately $28,924,000. CIBC Asset Management Inc boosted its holdings in shares of Celestica by 7.7% during the fourth quarter. CIBC Asset Management Inc now owns 436,922 shares of the technology company’s stock worth $129,499,000 after purchasing an additional 31,086 shares during the period. Finally, Norges Bank acquired a new stake in shares of Celestica during the fourth quarter worth approximately $456,511,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

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.