Celestica (NYSE:CLS) Shares Gap Down After Insider Selling

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) gapped down prior to trading on Thursday after an insider sold shares in the company. The stock had previously closed at $362.76, but opened at $311.00. Celestica shares last traded at $320.4080, with a volume of 2,592,075 shares traded.

Specifically, CFO Mandeep Chawla sold 16,117 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total value of $5,952,330.44. Following the completion of the transaction, the chief financial officer directly owned 65,444 shares of the company’s stock, valued at $24,169,778.08. This trade represents a 19.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert Mionis sold 98,453 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total transaction of $36,328,172.47. The SEC filing for this sale provides additional information. In related news, CEO Robert Mionis sold 51,061 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $368.41, for a total value of $18,811,383.01. Following the completion of the transaction, the chief executive officer owned 46,892 shares of the company’s stock, valued at $17,275,481.72. This represents a 52.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CLS shares. TD Securities raised Celestica from a “hold” rating to a “buy” rating and set a $430.00 price objective on the stock in a report on Wednesday, April 29th. BWS Financial reiterated a “buy” rating on shares of Celestica in a research report on Tuesday, July 28th. Citigroup boosted their price objective on Celestica from $338.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Royal Bank Of Canada increased their target price on Celestica from $440.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Finally, UBS Group restated a “neutral” rating and issued a $410.00 target price on shares of Celestica in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Celestica has a consensus rating of “Moderate Buy” and a consensus target price of $435.80.

More Celestica News

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Celestica completed its equity offering, selling 11.13 million common shares after the underwriters fully exercised their option. The raise is intended to fund capacity expansion and investments supporting multi-year demand for data-center and networking products tied to artificial intelligence. Celestica Completes Equity Offering
• Positive Sentiment: Recent analysis remains constructive on Celestica’s underlying business, citing accelerating AI networking-switch revenue, gross-margin expansion and approximately $1 billion in planned capital spending. The investments could improve the company’s ability to serve hyperscale customers and sustain elevated growth. Celestica Just Unloaded Bad News – Buy It
• Positive Sentiment: Jim Cramer reaffirmed a bullish view after a caller highlighted that 18 of 19 Wall Street analysts rate CLS Buy or Strong Buy. Cramer also pointed to the stock’s roughly 20%–25% pullback from its 52-week high as a reason the valuation may be more attractive. Jim Cramer Reaffirms Buy Stance
• Neutral Sentiment: The offering priced 9.68 million shares at $310 each, with the underwriters’ option increasing total shares sold to 11.13 million. The capital strengthens Celestica’s balance sheet, but investors will need to see sufficient returns from expansion spending to offset the larger share base. Celestica Announces Pricing of Equity Offering
• Negative Sentiment: CLS shares slid after the company announced the approximately $3 billion offering at a discount to the prevailing market price. The issuance is expected to dilute existing shareholders by roughly 8.4%–10% and could create near-term EPS headwinds. Celestica Shares Slide After Equity Offering
• Negative Sentiment: Insider selling added another cautionary signal: CEO Robert Mionis sold more than 149,000 shares across two transactions, while CFO Mandeep Chawla sold 16,117 shares. The sales substantially reduced their direct holdings, although insider transactions do not necessarily indicate a change in business outlook. Celestica Insider Trading

Celestica Stock Performance

The stock has a market cap of $36.55 billion, a price-to-earnings ratio of 33.05 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. The stock’s fifty day moving average is $358.25 and its 200-day moving average is $334.45.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results 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 firm had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The company’s revenue for the quarter was up 62.4% on a year-over-year basis. During the same period in the previous year, the company posted $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. On average, analysts forecast that Celestica, Inc. will post 9.97 EPS for the current year.

Institutional Investors Weigh In On Celestica

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Celestica by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 4,811,695 shares of the technology company’s stock valued at $1,423,333,000 after purchasing an additional 73,022 shares during the period. JPMorgan Chase & Co. lifted its stake 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 acquiring an additional 798,782 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Celestica by 5,806,149.2% in the fourth 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 buying an additional 3,657,874 shares during the period. Franklin Resources Inc. raised its stake in Celestica by 18.6% in the 4th quarter. Franklin Resources Inc. now owns 2,278,214 shares of the technology company’s stock valued at $673,471,000 after acquiring an additional 356,797 shares during the period. Finally, Cibc World Market Inc. lifted its stake in shares of Celestica by 30.6% during the 4th quarter. Cibc World Market Inc. now owns 2,265,680 shares of the technology company’s stock worth $670,279,000 after buying an additional 530,535 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

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.