Mandeep Chawla Sells 16,117 Shares of Celestica (NYSE:CLS) Stock

Celestica, Inc. (NYSE:CLS) (TSE:CLS) 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 completion of the transaction, the chief financial officer directly owned 65,444 shares of the company’s stock, valued at approximately $24,169,778.08. This trade represents a 19.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Mandeep Chawla also recently made the following trade(s):

• On Friday, July 31st, Mandeep Chawla sold 883 shares of Celestica stock. The stock was sold at an average price of $366.52, for a total transaction of $323,637.16.
• On Monday, June 15th, Mandeep Chawla sold 17,000 shares of Celestica stock. The shares were sold at an average price of $399.65, for a total value of $6,794,050.00.

Celestica Price Performance

Shares of NYSE CLS opened at $317.89 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68. The business has a 50-day moving average of $358.25 and a 200-day moving average of $334.45. The stock has a market capitalization of $36.55 billion, a price-to-earnings ratio of 33.05 and a beta of 2.06. Celestica, Inc. has a fifty-two week low of $173.23 and a fifty-two week high of $474.02.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 EPS for the quarter, beating the consensus estimate of $2.29 by $0.25. The firm had revenue of $4.68 billion during 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 quarterly revenue was up 62.4% compared to the same quarter last year. During the same period in the prior year, the firm 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. As a group, sell-side analysts predict that Celestica, Inc. will post 9.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CLS shares. Weiss Ratings raised shares of Celestica from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 30th. TD lifted their price objective on shares of Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a research report on Monday, April 20th. Susquehanna boosted their price objective on shares of Celestica from $460.00 to $510.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. BWS Financial reiterated a “buy” rating on shares of Celestica in a research note on Tuesday, July 28th. Finally, Zacks Research upgraded Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Celestica currently has an average rating of “Moderate Buy” and an average price target of $435.80.

Celestica News Summary

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

Institutional Investors Weigh In On Celestica

Hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Celestica during the fourth quarter worth $28,000. Swiss RE Ltd. bought a new position in shares of Celestica in the fourth quarter valued at about $29,000. Cullen Frost Bankers Inc. bought a new position in shares of Celestica in the fourth quarter valued at about $30,000. Sittner & Nelson LLC acquired a new stake in shares of Celestica during the 4th quarter worth about $31,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of Celestica during the 1st quarter worth about $29,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

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.