Bank of America Corp DE Acquires 108,926 Shares of Celestica, Inc. $CLS

Key Points

• Bank of America increased its Celestica stake by 10.8%, acquiring 108,926 shares to hold 1.12 million shares worth approximately $314.6 million, or 0.97% of the company. Institutional investors collectively own 67.38% of Celestica.
• Celestica reported quarterly adjusted EPS of $2.54, beating estimates by $0.25, while revenue reached $4.68 billion—up 62.4% year over year and above expectations. The company provided fiscal 2026 EPS guidance of $11.30.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and a $437 price target, although insiders have sold $63.2 million of shares over the past 90 days and the stock remains exposed to elevated valuation and AI-sector volatility.

Bank of America Corp DE raised its holdings in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 10.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,116,897 shares of the technology company's stock after acquiring an additional 108,926 shares during the quarter. Bank of America Corp DE owned approximately 0.97% of Celestica worth $314,608,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Celestica in the fourth quarter worth $28,000. Ascentis Independent Advisors bought a new position in Celestica during the 1st quarter worth $29,000. Swiss RE Ltd. bought a new position in Celestica during the 4th quarter worth $29,000. Cullen Frost Bankers Inc. acquired a new position in Celestica during the 4th quarter worth about $30,000. Finally, Sittner & Nelson LLC acquired a new position in Celestica during the 4th quarter worth about $31,000. Institutional investors own 67.38% of the company's stock.

Celestica Stock Down 0.2%

Shares of NYSE CLS opened at $330.83 on Monday. The firm has a market cap of $38.04 billion, a PE ratio of 34.39 and a beta of 2.05. Celestica, Inc. has a 12-month low of $173.23 and a 12-month high of $474.02. The company's fifty day simple moving average is $360.70 and its 200 day simple moving average is $333.66. 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 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. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The business had revenue of $4.68 billion during the quarter, compared to analysts' expectations of $4.30 billion. During the same period last year, the company posted $1.39 earnings per share. The business's quarterly revenue was up 62.4% on a year-over-year basis. 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 forecast that Celestica, Inc. will post 9.97 earnings per share for the current fiscal year.

Insider Transactions at Celestica

In other news, Director Michael Max Wilson sold 4,168 shares of the firm's stock in a transaction dated 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 completion of the sale, the director directly owned 24,718 shares in the company, valued at $8,238,756.58. This trade represents a 14.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Mandeep Chawla sold 17,000 shares of the business'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. The trade was a 17.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 161,168 shares of company stock valued at $63,190,485 in the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Key Stories Impacting Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Strong Q2 results and higher guidance: Celestica reportedly exceeded revenue and adjusted EPS expectations again, while raising its full-year outlook for the third time in six months. Revenue increased sharply year over year, reinforcing confidence in execution and AI infrastructure demand. Celestica Q2 2026: Beat, Raise, Accelerate, And Still 31% Off The High
• Positive Sentiment: AI-driven growth pipeline: Enterprise revenue growth was especially strong, and management expects further acceleration in 2027. New multibillion-dollar programs tied to OpenAI’s custom accelerator and AMD’s Helios switch could support longer-term revenue and earnings growth. CLS Shows How AI Networking is Reshaping Electronics Manufacturing
• Positive Sentiment: Analyst support remains favorable: The average analyst price target implies approximately 31% upside. More importantly, the article notes broad upward earnings-estimate revisions, which are generally a stronger signal than price-target averages alone. Wall Street Analysts See a 30.96% Upside in Celestica
• Neutral Sentiment: Investor attention is elevated: CLS is attracting substantial retail and market interest following its earnings performance, increasing visibility but potentially also contributing to short-term volatility. Celestica Is Attracting Investor Attention
• Negative Sentiment: Valuation and sector risk are weighing on the stock: After a major AI-related rally, investors may be locking in gains and questioning whether continued earnings growth justifies CLS’s elevated valuation. The broader AI hardware group is also experiencing a pullback or “pause,” which can pressure even companies reporting strong results. Celestica Q2: Showing Strength Amid The AI Pause

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Canadian Imperial Bank of Commerce upped their price target on Celestica from $480.00 to $500.00 and gave the company an "outperform" rating in a research report on Wednesday. BMO Capital Markets lifted their price objective on Celestica from $370.00 to $450.00 and gave the stock an "outperform" rating in a research note on Friday, April 24th. UBS Group reiterated a "neutral" rating and issued a $410.00 target price on shares of Celestica in a report on Wednesday. Stifel Nicolaus set a $500.00 target price on Celestica in a report on Tuesday, July 28th. Finally, Bank of America reissued a "buy" rating on shares of Celestica in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.

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