SEB Asset Management AB Buys Shares of 17,200 Celestica, Inc. $CLS

SEB Asset Management AB bought a new position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 17,200 shares of the technology company’s stock, valued at approximately $4,837,000.

Several other institutional investors also recently modified their holdings of CLS. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Celestica by 5,806,149.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock valued at $1,081,323,000 after acquiring an additional 3,657,874 shares in the last quarter. Viking Global Investors LP acquired a new position in Celestica in the 3rd quarter worth about $424,459,000. Norges Bank acquired a new position in Celestica in the 4th quarter worth about $456,511,000. AQR Capital Management LLC bought a new position in Celestica in the fourth quarter valued at about $315,497,000. Finally, JPMorgan Chase & Co. raised its position in Celestica by 24.8% in the fourth quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock valued at $1,187,650,000 after purchasing an additional 798,782 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on CLS. Stifel Nicolaus set a $445.00 price target on Celestica in a research note on Tuesday, April 28th. Citigroup raised their price objective on shares of Celestica from $338.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Bank of America lifted their target price on shares of Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Royal Bank Of Canada boosted 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. Finally, TD boosted their target price on shares of Celestica from $330.00 to $350.00 and gave the stock a “hold” rating in a report on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Celestica has an average rating of “Buy” and an average target price of $427.42.

Celestica Trading Down 1.2%

Shares of CLS stock opened at $335.45 on Thursday. Celestica, Inc. has a 1-year low of $158.15 and a 1-year high of $474.02. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36. The stock has a market cap of $38.57 billion, a price-to-earnings ratio of 40.56, a PEG ratio of 0.78 and a beta of 2.05. The stock has a 50-day moving average of $364.08 and a 200-day moving average of $332.18.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, beating the consensus estimate of $2.08 by $0.08. The business had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.97 billion. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The firm’s revenue was up 52.8% on a year-over-year basis. During the same period in the prior year, the business 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. On average, equities research analysts forecast that Celestica, Inc. will post 9.57 earnings per share for the current year.

Trending Headlines about Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Analyst commentary remains constructive ahead of earnings, citing strong demand in AI infrastructure, cloud, and healthcare, along with rising estimates and the potential for another earnings beat. Celestica to Release Q2 Earnings: How to Approach the Stock Now?
• Positive Sentiment: Some bullish research says Celestica has improved long-term revenue visibility, with AI infrastructure tailwinds and resolved component shortages supporting guidance and future growth. Celestica: The Market Just Started To Agree, And Q2 Isn’t Posed Yet
• Neutral Sentiment: Recent articles focus on valuation, with some saying the stock may still screen as inexpensive on earnings expectations while others argue it has already run far enough that upside is less certain. Celestica (TSX:CLS) Stock Looks Above Fair Value Despite Its Huge Run
• Neutral Sentiment: Market watchers are also debating whether the upcoming quarter can support the stock’s prior surge, with one preview framing Q2 as a key test for the AI hardware trade. Celestica Q2 Preview: The 1.6T Supercycle Meets The Overbuild Dilemma
• Negative Sentiment: The stock has been under pressure recently, with traders noting a deeper pullback than the broader market and a move into bear-market territory after a sharp run-up. Celestica (CLS) Sees a More Significant Dip Than Broader Market: Some Facts to Know
• Negative Sentiment: Another note said Celestica’s shares have dropped sharply from this year’s highs, reflecting concern that a lot of the AI growth story may already be priced in. Celestica stock tumbles ahead of earnings: rebound or more pain?

Insider Transactions at Celestica

In other news, CEO Robert Mionis sold 18,176 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $385.17, for a total transaction of $7,000,849.92. Following the completion of the sale, the chief executive officer directly owned 60,384 shares in the company, valued at $23,258,105.28. This represents a 23.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Mandeep Chawla sold 17,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were 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 owned 82,444 shares in the company, valued at approximately $32,948,744.60. The trade was a 17.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 161,168 shares of company stock worth $63,190,485 over the last three months. 1.10% of the stock is owned by company insiders.

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.