Celestica (NYSE:CLS) Trading 4.2% Higher – Here’s What Happened

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price rose 4.2% during trading on Tuesday . The company traded as high as $307.34 and last traded at $306.8930. 1,672,001 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 2,456,164 shares. The stock had previously closed at $294.57.

Wall Street Analysts Forecast Growth

CLS has been the topic of a number of research reports. Susquehanna upped their target price on Celestica from $460.00 to $510.00 and gave the stock a “positive” rating in a research report on Wednesday, April 29th. Barclays dropped their price objective on shares of Celestica from $430.00 to $406.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Zacks Research raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. JPMorgan Chase & Co. raised their price target on shares of Celestica from $445.00 to $485.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, BWS Financial reissued a “buy” rating on shares of Celestica in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $439.81.

Celestica Price Performance

The stock has a market cap of $35.29 billion, a PE ratio of 31.90 and a beta of 2.06. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23. The business has a 50 day moving average price of $338.98 and a two-hundred day moving average price of $335.49.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.25. The business had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The business’s revenue was up 62.4% on a year-over-year basis. During the same quarter in the previous year, the firm 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. Research analysts expect that Celestica, Inc. will post 10.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Celestica news, CEO Robert Mionis sold 23,496 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were 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 directly owned 23,396 shares of the company’s stock, valued at $8,478,476.44. This trade represents a 50.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $5,952,330.44. Following the sale, the chief financial officer owned 65,444 shares in the company, valued at approximately $24,169,778.08. This trade represents a 19.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 356,553 shares of company stock worth $135,238,444 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. NewGen Equity Long Short Fund bought a new position in Celestica in the 2nd quarter worth $14,050,000. Northwestern Mutual Wealth Management Co. raised its stake in Celestica by 7,646.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,007 shares of the technology company’s stock worth $157,000 after buying an additional 994 shares in the last quarter. First Trust Advisors LP raised its stake in Celestica by 30.0% in the second quarter. First Trust Advisors LP now owns 78,061 shares of the technology company’s stock worth $12,197,000 after buying an additional 18,025 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Celestica by 385.8% in the second quarter. NewEdge Advisors LLC now owns 2,803 shares of the technology company’s stock worth $438,000 after buying an additional 2,226 shares during the period. Finally, HUB Investment Partners LLC lifted its holdings in Celestica by 11.0% in the second quarter. HUB Investment Partners LLC now owns 3,181 shares of the technology company’s stock worth $497,000 after buying an additional 315 shares during the period. 67.38% of the stock is owned by hedge funds and other institutional investors.

Celestica Company Profile

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.