Principal Financial Group Inc. cut its position in Celestica, Inc. (NYSE:CLS – Free Report) (TSE:CLS) by 31.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,200 shares of the technology company’s stock after selling 4,600 shares during the quarter. Principal Financial Group Inc.’s holdings in Celestica were worth $2,868,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its position in shares of Celestica by 5,806,149.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock worth $1,081,323,000 after buying an additional 3,657,874 shares during the last quarter. Viking Global Investors LP purchased a new stake in Celestica during the third quarter valued at approximately $424,459,000. Norges Bank acquired a new stake in Celestica in the fourth quarter valued at approximately $456,511,000. AQR Capital Management LLC acquired a new stake in Celestica in the fourth quarter valued at approximately $315,497,000. Finally, JPMorgan Chase & Co. grew its holdings in Celestica by 24.8% in the fourth quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock worth $1,187,650,000 after purchasing an additional 798,782 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors.
Celestica News Summary
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.
Analyst Ratings Changes
Get Our Latest Stock Analysis on CLS
Celestica Stock Down 6.6%
Shares of CLS stock opened at $327.16 on Thursday. The stock’s 50-day simple moving average is $361.45 and its 200-day simple moving average is $333.18. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.73 and a current ratio of 1.23. The firm has a market capitalization of $37.61 billion, a PE ratio of 34.01, a P/E/G ratio of 0.81 and a beta of 2.05. Celestica, Inc. has a fifty-two week low of $173.23 and a fifty-two week high of $474.02.
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last announced its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.25. Celestica had a return on equity of 39.96% and a net margin of 7.16%.The firm had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period last year, the business posted $1.39 earnings per share. The company’s revenue for the quarter 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. Equities analysts expect that Celestica, Inc. will post 9.57 earnings per share for the current year.
Insiders Place Their Bets
In other news, CFO Mandeep Chawla sold 17,000 shares of the stock in a transaction on 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 sale, the chief financial officer owned 82,444 shares in the company, 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, CEO Robert Mionis sold 66,056 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $400.06, for a total transaction of $26,426,363.36. Following the transaction, the chief executive officer directly owned 134,328 shares of the company’s stock, valued at approximately $53,739,259.68. This trade represents a 32.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 161,168 shares of company stock valued at $63,190,485. 1.10% of the stock is owned by insiders.
Celestica 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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