Celestica, Inc. $CLS Stock: Oppenheimer & Co. Inc. Increases Holdings

Posted by Brian Himes on Nov 1st, 2026

Oppenheimer & Co. Inc. raised its holdings in shares of Celestica, Inc. (NYSE:CLS – Free Report) (TSE:CLS) by 143.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,807 shares of the technology company’s stock after purchasing an additional 3,422 shares during the period. Oppenheimer & Co. Inc.’s holdings in Celestica were worth $2,099,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Verdence Capital Advisors LLC grew its stake in shares of Celestica by 8.4% during the third quarter. Verdence Capital Advisors LLC now owns 631 shares of the technology company’s stock worth $228,000 after acquiring an additional 49 shares during the last quarter. Maxi Investments CY Ltd purchased a new position in shares of Celestica during the 3rd quarter valued at about $691,000. Groesbeck Investment Management Corp NJ lifted its holdings in Celestica by 7.6% in the third quarter. Groesbeck Investment Management Corp NJ now owns 710 shares of the technology company’s stock valued at $257,000 after acquiring an additional 50 shares during the period. Bright Futures Wealth Management LLC. increased its holdings in Celestica by 4.0% in the third quarter. Bright Futures Wealth Management LLC. now owns 2,333 shares of the technology company’s stock valued at $843,000 after buying an additional 90 shares in the last quarter. Finally, Steinberganna Wealth Management raised its stake in shares of Celestica by 0.9% during the 3rd quarter. Steinberganna Wealth Management now owns 6,482 shares of the technology company’s stock worth $2,343,000 after buying an additional 58 shares during the period. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica News Summary

Here are the key news stories impacting Celestica this week:

Positive Sentiment: Raised outlook and strong AI-driven growth: Celestica exceeded third-quarter expectations, increased its 2026 guidance and outlined an aggressive 2027 growth ramp targeting approximately $40 billion in revenue. Demand for data-center infrastructure and AI-related products remains the primary bullish catalyst. CLS Raises 2026 Outlook as AI Demand Powers an Aggressive 2027 Ramp
Positive Sentiment: Share repurchase authorization: The TSX accepted Celestica’s normal-course issuer bid, allowing the company to repurchase shares beginning November 3, 2026, through November 2, 2027, or until the program is completed. Buybacks could support per-share earnings and signal management’s confidence in long-term value. Celestica Announces TSX Acceptance of Normal Course Issuer Bid
Positive Sentiment: Analyst support: Canaccord Genuity raised its price target to $480 and maintained a “buy” rating. Other coverage also remains bullish on Celestica’s AI exposure and earnings growth. Canaccord Genuity Group recommendations
Neutral Sentiment: Unusually high options activity and post-earnings price volatility indicate heightened investor interest, but do not establish a clear directional signal. Celestica Sees Unusually Large Options Volume
Negative Sentiment: Execution and valuation concerns: Investors are questioning whether rising capital expenditures, cash-flow pressure, customer concentration and a premium valuation adequately reflect the company’s expected AI growth. These concerns have outweighed the earnings beat in recent trading. CLS Falls 14.4% in a Week as AI Growth Meets Rising Execution Risks

Insiders Place Their Bets

In other Celestica news, President Todd Cooper sold 20,118 shares of the stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $360.00, for a total transaction of $7,242,480.00. Following the completion of the transaction, the president directly owned 73,252 shares of the company’s stock, valued at approximately $26,370,720. This trade represents a 21.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert Mionis sold 23,396 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $364.22, for a total transaction of $8,521,291.12. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 232,641 shares of company stock worth $85,370,372 over the last ninety days. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Zacks Research lowered shares of Celestica from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. RBC Dominion Securities set a $450.00 target price on Celestica and gave the company an “outperform” rating in a research report on Friday, October 23rd. JPMorgan Chase & Co. boosted 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. FBN Securities initiated coverage on Celestica in a report on Tuesday, September 15th. They issued an “outperform” rating and a $375.00 target price for the company. Finally, Stifel Nicolaus set a $500.00 price objective on Celestica in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Celestica presently has an average rating of “Moderate Buy” and a consensus price target of $453.32.

Check Out Our Latest Analysis on CLS

Celestica Stock Performance

Celestica stock opened at $264.80 on Friday. Celestica, Inc. has a 12 month low of $244.51 and a 12 month high of $474.02. The company has a market cap of $33.39 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 0.67 and a beta of 2.01. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.61 and a quick ratio of 0.68. The stock’s 50-day moving average is $324.62 and its 200-day moving average is $331.28.

Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last released its quarterly earnings results on Monday, October 26th. The technology company reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.28. The business had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.39 billion. Celestica had a net margin of 6.83% and a return on equity of 33.80%. Equities analysts anticipate that Celestica, Inc. will post 11.55 earnings per share for the current year.

Celestica Company Profile

(Free Report)

Celestica Inc is a global provider of design, manufacturing, and supply chain solutions for original equipment manufacturers and other technology companies. The company helps customers develop, produce, and support complex hardware and integrated systems across their product life cycles.

Its services include product design and engineering, electronics and mechanical manufacturing, systems integration, testing, supply chain management, logistics, and after-market support. Celestica serves markets such as communications, enterprise and cloud computing, aerospace and defense, industrial technology, health technology, and capital equipment.

Headquartered in Toronto, Canada, Celestica operates a global network of manufacturing, engineering, and supply chain facilities serving customers in North America, Europe, and Asia.