Celestica (NYSE:CLS) CEO Sells 98,453 Shares of Stock

Key Points

• CEO Robert Mionis sold 98,453 Celestica shares for approximately $36.3 million at an average price of $368.99. He has also reported several other sales in recent months.
• Celestica shares fell $47.87 to $314.89, despite the company reporting quarterly EPS of $2.54—above estimates—and revenue of $4.68 billion, up 62.4% year over year.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and a $437 price target, while institutional investors own 67.38% of the stock. Celestica’s planned $3 billion equity offering may fund AI-infrastructure expansion but could create near-term shareholder dilution.

Celestica, Inc. (NYSE:CLS - Get Free Report) TSE: CLS CEO Robert Mionis sold 98,453 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total value of $36,328,172.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Robert Mionis also recently made the following trade(s):

• On Wednesday, August 5th, Robert Mionis sold 51,061 shares of Celestica stock. The stock was sold at an average price of $368.41, for a total transaction of $18,811,383.01.
• On Friday, July 31st, Robert Mionis sold 9,543 shares of Celestica stock. The shares were sold at an average price of $367.49, for a total transaction of $3,506,957.07.
• On Monday, June 15th, Robert Mionis sold 66,056 shares of Celestica stock. The shares were sold at an average price of $400.06, for a total transaction of $26,426,363.36.
• On Tuesday, June 16th, Robert Mionis sold 55,768 shares of Celestica stock. The stock was sold at an average price of $386.96, for a total transaction of $21,579,985.28.
• On Wednesday, June 17th, Robert Mionis sold 18,176 shares of Celestica stock. The stock was sold at an average price of $385.17, for a total transaction of $7,000,849.92.

Celestica Stock Performance

Shares of CLS stock traded down $47.87 on Thursday, hitting $314.89. The company had a trading volume of 8,752,707 shares, compared to its average volume of 2,716,830. Celestica, Inc. has a twelve month low of $173.23 and a twelve month high of $474.02. The firm has a market cap of $36.20 billion, a P/E ratio of 32.73 and a beta of 2.06. The company has a 50-day moving average price of $359.62 and a 200-day moving average price of $334.56. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.25. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The firm had revenue of $4.68 billion during the quarter, compared to analysts' expectations of $4.30 billion. During the same period in the previous year, the business posted $1.39 EPS. The business'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. As a group, equities research analysts predict that Celestica, Inc. will post 9.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Celestica

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in 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 last quarter. JPMorgan Chase & Co. boosted its position in shares of Celestica by 24.8% during the fourth quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company's stock worth $1,187,650,000 after buying an additional 798,782 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of 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 in the last quarter. Franklin Resources Inc. raised its holdings in shares of 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 buying an additional 356,797 shares during the period. Finally, Cibc World Market Inc. raised its holdings in shares of Celestica by 30.6% in the 4th quarter. Cibc World Market Inc. now owns 2,265,680 shares of the technology company's stock valued at $670,279,000 after buying an additional 530,535 shares during the period. 67.38% of the stock is owned by hedge funds and other institutional investors.

More Celestica News

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Celestica priced an offering of 9,677,419 common shares at $310 each, expecting approximately $3 billion in gross proceeds. Management plans to use the capital to expand capacity and fund investments supporting strong, multi-year demand for AI infrastructure, including data-center and networking products. Celestica Announces Pricing of Equity Offering
• Positive Sentiment: Recent coverage highlighted accelerating AI networking-switch revenue, significant gross-margin expansion and planned capital expenditures of roughly $1 billion. The investment could strengthen Celestica’s ability to serve hyperscaler customers and sustain elevated growth over multiple years. Celestica Just Unloaded Bad News - Buy It
• Positive Sentiment: Analyst commentary continued to identify Celestica as a high-quality growth stock, citing its growth profile, AI exposure and improving operating performance. Technical coverage also noted that the shares had recently moved above their 50-day moving average, a potential short-term bullish signal. Top-Ranked Growth Stocks for August
• Neutral Sentiment: The offering is intended to strengthen Celestica’s balance sheet and accelerate growth, but the additional shares create an estimated short-term dilution of approximately 8.4% to 10%. The longer-term benefit depends on whether the funded expansion generates sufficient returns. Celestica’s $3B Raise
• Negative Sentiment: Investors reacted negatively to the discounted share issuance because it increases the share count and could pressure per-share earnings. Analysts cited dilution and potential EPS headwinds, with some taking a more cautious view of the stock’s valuation. Celestica Shares Slide After Equity Offering

Analyst Ratings Changes

A number of brokerages have recently issued reports on CLS. JPMorgan Chase & Co. increased their target price on Celestica from $445.00 to $485.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Canadian Imperial Bank of Commerce raised their target price on shares of Celestica from $480.00 to $500.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 29th. BWS Financial reissued a "buy" rating on shares of Celestica in a report on Tuesday, July 28th. Susquehanna increased their price objective on Celestica from $460.00 to $510.00 and gave the stock a "positive" rating in a research report on Wednesday, April 29th. Finally, Wolfe Research raised their target price on Celestica from $425.00 to $475.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 29th. One 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 stock. According to MarketBeat.com, Celestica has an average rating of "Moderate Buy" and a consensus price target of $437.00.

About Celestica

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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