Celestica, Inc. (NYSE:CLS – Get Free Report) (TSE:CLS) CEO Robert Mionis sold 51,061 shares of Celestica stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $368.41, for a total value of $18,811,383.01. Following the transaction, the chief executive officer owned 46,892 shares of the company’s stock, valued at $17,275,481.72. This trade represents a 52.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Robert Mionis also recently made the following trade(s):
- On Tuesday, August 4th, Robert Mionis sold 98,453 shares of Celestica stock. The stock was sold at an average price of $368.99, for a total value of $36,328,172.47.
- 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 value 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 value 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 value of $21,579,985.28.
- On Wednesday, June 17th, Robert Mionis sold 18,176 shares of Celestica stock. The shares were sold at an average price of $385.17, for a total value of $7,000,849.92.
Celestica Stock Down 13.2%
NYSE:CLS traded down $47.87 during trading hours on Thursday, hitting $314.89. 8,752,707 shares of the company traded hands, compared to its average volume of 2,716,830. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.32. The firm’s 50-day simple moving average is $359.62 and its 200-day simple moving average is $334.56. Celestica, Inc. has a one year low of $173.23 and a one year high of $474.02. The company has a market cap of $36.20 billion, a PE ratio of 32.73 and a beta of 2.06.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the stock. Wolfe Research upped their price objective on shares of Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Stifel Nicolaus set a $500.00 target price on Celestica in a research note on Tuesday, July 28th. Canadian Imperial Bank of Commerce upped their target price on Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. TD increased their price target on Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a research report on Monday, April 20th. Finally, Susquehanna lifted their price target on Celestica from $460.00 to $510.00 and gave the stock a “positive” rating in a report on Wednesday, April 29th. 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $437.00.
Read Our Latest Analysis on Celestica
Institutional Trading of Celestica
Large investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Celestica by 5,806,149.2% during the 4th 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. Viking Global Investors LP purchased a new position in Celestica in the 3rd quarter valued at approximately $424,459,000. Norges Bank purchased a new position in Celestica in the 4th quarter valued at approximately $456,511,000. AQR Capital Management LLC bought a new stake in Celestica during the 4th quarter valued at $315,497,000. Finally, JPMorgan Chase & Co. lifted 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 acquiring an additional 798,782 shares in the last quarter. Hedge funds and other 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: 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
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.
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