Norris Financial Group LLC Purchases New Stake in Celestica, Inc. $CLS

Norris Financial Group LLC acquired a new position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,795 shares of the technology company’s stock, valued at approximately $2,473,000.

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

Insider Buying and Selling at Celestica

In other news, Director Michael Max Wilson sold 4,168 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $333.31, for a total value of $1,389,236.08. Following the completion of the transaction, the director owned 24,718 shares of the company’s stock, valued at approximately $8,238,756.58. This trade represents a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Mandeep Chawla sold 17,000 shares of the company’s 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 sale, the chief financial officer directly owned 82,444 shares in the company, valued at approximately $32,948,744.60. The trade was a 17.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 161,168 shares of company stock valued at $63,190,485 in the last three months. 1.10% of the stock is owned by corporate insiders.

Key Celestica News

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Strong earnings beat: Celestica reported second-quarter EPS of $2.54 versus the $2.29 consensus estimate, while revenue reached $4.68 billion against expectations of $4.30 billion. Revenue increased 62.4% year over year, reinforcing the company’s accelerating growth profile. Celestica Shares Up on Earnings Beat
• Positive Sentiment: AI demand is driving growth: Celestica’s enterprise segment grew 162% year over year, with management projecting approximately 190% growth in the third quarter. Expanding cloud networking, storage and compute programs are increasing demand for the company’s higher-value manufacturing and technology solutions. CLS Shows How AI Networking is Reshaping Electronics Manufacturing
• Positive Sentiment: Raised outlook and improving visibility: Celestica maintained fiscal 2026 EPS guidance at $11.30 and issued third-quarter EPS guidance of $2.88 to $3.08. Management also indicated that stronger customer visibility, networking programs and AI infrastructure demand could support faster growth and margin expansion in 2027. Celestica Q2 Earnings Call Points to Faster Growth in 2027
• Positive Sentiment: Analyst confidence increased: JPMorgan raised its price target from $445 to $485 and kept an overweight rating, while RBC increased its target from $440 to $450 and retained an outperform rating. These revisions reflect confidence in Celestica’s earnings momentum and AI exposure. JPMorgan Celestica Price Target Update
• Neutral Sentiment: Positive long-term setup, but investor debate remains: Research coverage describes CLS as a leading AI-led electronics manufacturing opportunity, while questioning whether continued earnings growth can justify its already substantial rally and elevated valuation. Is CLS Stock Still Worth Buying?
• Negative Sentiment: Near-term pullback risk: AI hardware stocks are broadly taking a breather after a strong run. Celestica has shown relative strength, but it remains exposed to sector-wide volatility, profit-taking and concerns that its valuation has moved ahead of near-term fundamentals. Celestica Q2 Showing Strength Amid the AI Pause

Celestica Stock Up 7.8%

Celestica stock opened at $353.90 on Friday. The company has a market capitalization of $40.69 billion, a PE ratio of 36.79, a price-to-earnings-growth ratio of 0.76 and a beta of 2.05. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.73 and a current ratio of 1.23. Celestica, Inc. has a fifty-two week low of $173.23 and a fifty-two week high of $474.02. The firm has a 50 day moving average price of $361.44 and a 200 day moving average price of $333.55.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The company had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the prior year, the firm earned $1.39 earnings per share. The firm’s revenue was up 62.4% compared to the same quarter last year. 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 9.57 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Susquehanna raised their price target on shares of Celestica from $460.00 to $510.00 and gave the stock a “positive” rating in a report on Wednesday, April 29th. TD Securities upgraded Celestica from a “hold” rating to a “buy” rating and set a $430.00 price objective for the company in a research report on Wednesday, April 29th. TD Cowen raised Celestica from a “hold” rating to a “buy” rating and raised their target price for the stock from $350.00 to $430.00 in a research note on Wednesday, April 29th. UBS Group restated a “neutral” rating and issued a $410.00 target price on shares of Celestica in a research report on Wednesday. Finally, Royal Bank Of Canada increased their price target on Celestica from $440.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $437.00.

Celestica 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.