Celestica (NYSE:CLS) Director Sells $1,389,236.08 in Stock

Celestica, Inc. (NYSE:CLS) (TSE:CLS) Director Michael Max Wilson sold 4,168 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total value of $1,389,236.08. Following the sale, the director directly owned 24,718 shares in the company, valued at $8,238,756.58. This represents a 14.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Celestica Stock Up 3.7%

Celestica stock opened at $367.81 on Friday. Celestica, Inc. has a twelve month low of $110.54 and a twelve month high of $435.00. The stock’s fifty day simple moving average is $341.10 and its 200-day simple moving average is $317.06. 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 firm has a market capitalization of $42.29 billion, a P/E ratio of 44.47, a P/E/G ratio of 0.83 and a beta of 2.09.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.08. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The business had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the prior year, the company earned $1.20 earnings per share. The company’s revenue was up 52.8% on a year-over-year basis. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. As a group, equities analysts expect that Celestica, Inc. will post 9.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Canaccord Genuity Group upped their price objective on Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Wolfe Research raised Celestica to a “strong-buy” rating in a report on Tuesday, February 17th. UBS Group increased their target price on Celestica from $355.00 to $400.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. TD Cowen raised Celestica from a “hold” rating to a “buy” rating and increased their target price for the company from $350.00 to $430.00 in a report on Wednesday, April 29th. Finally, Susquehanna increased their target price on Celestica from $460.00 to $510.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Celestica has a consensus rating of “Moderate Buy” and a consensus target price of $427.42.

Hedge Funds Weigh In On Celestica

Several large investors have recently bought and sold shares of CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Celestica during the fourth quarter worth about $28,000. Ascentis Independent Advisors purchased a new position in shares of Celestica during the first quarter worth about $29,000. Swiss RE Ltd. purchased a new position in shares of Celestica during the fourth quarter worth about $29,000. Cullen Frost Bankers Inc. purchased a new position in shares of Celestica during the fourth quarter worth about $30,000. Finally, Sittner & Nelson LLC purchased a new position in shares of Celestica during the fourth quarter worth about $31,000. Hedge funds and other institutional investors 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.