Cim LLC Sells 4,969 Shares of Celestica, Inc. $CLS

Cim LLC cut its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 20.0% in the first quarter, HoldingsChannel reports. The firm owned 19,901 shares of the technology company’s stock after selling 4,969 shares during the quarter. Cim LLC’s holdings in Celestica were worth $5,606,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its stake in Celestica by 5,806,149.2% during 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 purchasing an additional 3,657,874 shares in the last quarter. Viking Global Investors LP purchased a new position in shares of Celestica in the 3rd quarter worth $424,459,000. Norges Bank bought a new stake in shares of Celestica in the 4th quarter worth about $456,511,000. AQR Capital Management LLC bought a new stake in shares of Celestica in the 4th quarter worth about $315,497,000. Finally, JPMorgan Chase & Co. raised its position in shares of Celestica by 24.8% during the 4th quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock valued at $1,187,650,000 after buying an additional 798,782 shares in the last quarter. Institutional investors own 67.38% of the company’s stock.

Celestica News Roundup

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Strong Q2 earnings beat: Celestica reported approximately $4.7 billion in revenue, up 62% year over year, and adjusted EPS of $2.54, exceeding expectations of $2.29. The results were driven by robust demand in cloud connectivity, networking, storage and AI infrastructure. CLS Q2 Earnings Beat Estimates on Strong CCS Demand, Outlook Raised
• Positive Sentiment: Guidance and long-term growth improved: Management raised its 2026 outlook and indicated that growth could accelerate further in 2027 as hyperscaler customers ramp production. The Connectivity & Cloud Solutions segment grew 84% year over year, supporting expectations for sustained AI-related demand and potential margin expansion. CLS Shows How AI Networking is Reshaping Electronics Manufacturing
• Positive Sentiment: Analysts raised targets: RBC increased its target to $450 and maintained an “outperform” rating, while JPMorgan raised its target to $485 and assigned an “overweight” rating. These targets imply substantial upside and reinforce bullish sentiment toward Celestica’s AI infrastructure exposure.
• Neutral Sentiment: Wall Street remains bullish, but recommendations have limitations: Consensus ratings favor buying CLS, although analyst ratings can be overly optimistic and do not eliminate execution or cyclical-demand risks. Is It Worth Investing in Celestica Based on Wall Street’s Bullish Views?
• Negative Sentiment: Valuation and momentum risks are weighing on the stock: After a substantial rally tied to AI infrastructure, CLS trades at a relatively rich earnings multiple. Investors may be locking in gains and questioning whether continued earnings growth can justify the valuation, particularly with the shares remaining highly volatile and well below their 52-week high.

Celestica Stock Down 6.6%

NYSE:CLS opened at $327.16 on Thursday. Celestica, Inc. has a twelve month low of $173.23 and a twelve month high of $474.02. The company has a market cap of $37.61 billion, a price-to-earnings ratio of 34.01, a price-to-earnings-growth ratio of 0.81 and a beta of 2.05. The stock has a fifty day simple moving average of $361.45 and a 200-day simple moving average of $333.18. The company has a current ratio of 1.23, a quick ratio of 0.73 and a debt-to-equity ratio of 0.32.

Celestica (NYSE:CLS) (TSE:CLS) last posted 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. The firm had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The business’s revenue for the quarter was up 62.4% on a year-over-year basis. During the same period in the prior year, the business 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. Analysts anticipate that Celestica, Inc. will post 9.57 EPS for the current year.

Insider Buying and Selling at Celestica

In related news, CFO Mandeep Chawla sold 17,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $399.65, for a total value of $6,794,050.00. Following the completion of the sale, the chief financial officer directly owned 82,444 shares of the company’s stock, valued at $32,948,744.60. This represents a 17.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Max Wilson sold 4,168 shares of Celestica stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $333.31, for a total transaction of $1,389,236.08. Following the transaction, the director directly owned 24,718 shares in the company, valued at approximately $8,238,756.58. The trade was a 14.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 161,168 shares of company stock valued at $63,190,485 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on CLS. Royal Bank Of Canada lifted their price target on Celestica from $440.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday. BWS Financial restated a “buy” rating on shares of Celestica in a research report on Tuesday. Barclays lowered their price objective on Celestica from $441.00 to $430.00 and set an “overweight” rating for the company in a research note on Wednesday. Rothschild & Co Redburn started coverage on Celestica in a report on Friday, May 1st. They issued a “buy” rating and a $460.00 target price for the company. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $475.00 target price on shares of Celestica in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Celestica has an average rating of “Moderate Buy” and an average target price of $437.00.

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.