GK Wealth Management LLC Invests $1.53 Million in Celestica, Inc. $CLS

GK Wealth Management LLC bought a new position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the second quarter, Holdings Channel.com reports. The firm bought 4,196 shares of the technology company’s stock, valued at approximately $1,531,000. Celestica accounts for approximately 0.8% of GK Wealth Management LLC’s holdings, making the stock its 27th largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its position in 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 valued at $1,081,323,000 after buying an additional 3,657,874 shares during the last quarter. Viking Global Investors LP bought a new position in Celestica in the third quarter valued at about $424,459,000. Norges Bank bought a new position in Celestica in the fourth quarter valued at about $456,511,000. AQR Capital Management LLC acquired a new stake in Celestica in the fourth quarter worth about $315,497,000. Finally, JPMorgan Chase & Co. raised its holdings in Celestica by 24.8% during the 4th 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. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Stock Up 8.9%

Celestica stock opened at $372.19 on Wednesday. The company’s 50 day simple moving average is $360.22 and its 200 day simple moving average is $334.21. Celestica, Inc. has a fifty-two week low of $173.23 and a fifty-two week high of $474.02. The firm has a market capitalization of $42.79 billion, a price-to-earnings ratio of 38.69 and a beta of 2.06. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25. The firm had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Celestica had a net margin of 7.16% and a return on equity of 39.96%. The business’s revenue for the quarter was up 62.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.39 earnings per share. 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 anticipate that Celestica, Inc. will post 9.97 EPS for the current year.

Key Stories Impacting Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Celestica’s second-quarter results substantially exceeded expectations, with EPS of $2.54 versus the $2.29 consensus and revenue of $4.68 billion versus $4.30 billion. Revenue rose 62.4% year over year, while third-quarter 2026 EPS guidance of $2.88–$3.08 points to continued momentum.
• Positive Sentiment: Management raised its 2026 outlook, giving investors greater confidence that demand from artificial-intelligence networking, hyperscale data centers and related electronics programs will support growth. Analysts have also been increasing earnings estimates. Celestica lifted guidance analysis
• Positive Sentiment: Celestica was included among a small group of highly efficient companies with strong growth potential, which may attract additional momentum-oriented and institutional investors. Top-ranked efficient stocks
• Positive Sentiment: Wall Street remains broadly constructive, with a “Moderate Buy” consensus and an average target near $437. Stifel and JPMorgan have set targets of $500 and $485, respectively, supporting the view that the AI-driven growth story may have further room to run.
• Neutral Sentiment: Valuation assessments are mixed. A recent discounted-cash-flow analysis argues the shares remain below estimated fair value after the outlook increase, while other coverage notes that Celestica trades at a premium following its substantial rally. Celestica fair value analysis
• Negative Sentiment: CEO Robert Mionis sold 9,543 shares for approximately $3.51 million, reducing his direct position by 15.8%. CFO Mandeep Chawla also sold 883 shares worth about $324,000. Although both executives retain sizable holdings, the transactions may temper enthusiasm and raise concerns about insider confidence.
• Negative Sentiment: With a P/E ratio in the mid-30s and a high beta, CLS remains sensitive to any slowdown in hyperscaler spending, weaker AI infrastructure demand or a broader pullback in growth stocks.

Insider Activity

In related news, CEO Robert Mionis sold 66,056 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $400.06, for a total value of $26,426,363.36. Following the completion of the sale, the chief executive officer owned 134,328 shares in the company, valued at $53,739,259.68. This represents a 32.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Mandeep Chawla sold 17,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $399.65, for a total value of $6,794,050.00. Following the sale, the chief financial officer directly owned 82,444 shares in the company, valued at $32,948,744.60. The trade was a 17.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 171,594 shares of company stock valued at $67,021,079 in the last quarter. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $475.00 target price on shares of Celestica in a research note on Tuesday, April 28th. Canadian Imperial Bank of Commerce boosted their price target 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. TD Securities upgraded shares of Celestica from a “hold” rating to a “buy” rating and set a $430.00 price objective on the stock in a report on Wednesday, April 29th. Royal Bank Of Canada raised their price objective on shares of Celestica from $440.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Finally, Bank of America reaffirmed a “buy” rating on shares of Celestica in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.