Celestica (NYSE:CLS) Stock Price Down 2.4% – Should You Sell?

Celestica, Inc. (NYSE:CLS) (TSE:CLS) shares dropped 2.4% on Thursday . The stock traded as low as $322.07 and last traded at $325.5120. 1,169,079 shares changed hands during trading, a decline of 52% from the average daily volume of 2,441,087 shares. The stock had previously closed at $333.60.

Wall Street Analysts Forecast Growth

CLS has been the topic of several analyst reports. Weiss Ratings cut Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Zacks Research raised Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. Wolfe Research boosted their price target on Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. BWS Financial reaffirmed a “buy” rating on shares of Celestica in a report on Tuesday, July 28th. Finally, Bank of America reaffirmed a “buy” rating on shares of Celestica in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Celestica currently has an average rating of “Buy” and a consensus price target of $439.81.

Celestica Stock Down 2.4%

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 stock has a market cap of $37.43 billion, a price-to-earnings ratio of 33.84 and a beta of 2.04. The stock has a fifty day moving average of $325.59 and a two-hundred day moving average of $336.91.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter in the prior year, the company earned $1.39 earnings per share. The firm’s 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, analysts predict that Celestica, Inc. will post 10.71 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Robert Mionis sold 23,496 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $362.39, for a total value of $8,514,715.44. Following the completion of the transaction, the chief executive officer owned 23,396 shares in the company, valued at $8,478,476.44. This trade represents a 50.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Mandeep Chawla sold 16,117 shares of Celestica stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total value of $5,952,330.44. Following the completion of the transaction, the chief financial officer directly owned 65,444 shares in the company, valued at $24,169,778.08. This represents a 19.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 356,553 shares of company stock worth $135,238,444 over the last ninety days. 1.10% of the stock is owned by insiders.

Institutional Trading of Celestica

Hedge funds have recently bought and sold shares of the company. NewGen Equity Long Short Fund acquired a new position in shares of Celestica in the second quarter worth about $14,050,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Celestica by 7,646.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,007 shares of the technology company’s stock valued at $157,000 after acquiring an additional 994 shares during the period. First Trust Advisors LP raised its holdings in shares of Celestica by 30.0% during the second quarter. First Trust Advisors LP now owns 78,061 shares of the technology company’s stock valued at $12,197,000 after acquiring an additional 18,025 shares during the period. NewEdge Advisors LLC lifted its position in shares of Celestica by 385.8% in the 2nd quarter. NewEdge Advisors LLC now owns 2,803 shares of the technology company’s stock valued at $438,000 after acquiring an additional 2,226 shares in the last quarter. Finally, HUB Investment Partners LLC lifted its position in shares of Celestica by 11.0% in the 2nd quarter. HUB Investment Partners LLC now owns 3,181 shares of the technology company’s stock valued at $497,000 after acquiring an additional 315 shares in the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

About Celestica

Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply chain solutions for technology companies and other businesses. The company helps customers develop, manufacture, and support complex electronic products and systems, offering services that span product design and engineering, prototyping, printed circuit board assembly, systems integration, testing, supply chain management, and after-market support.

Celestica serves customers across several markets, including communications and cloud infrastructure, aerospace and defense, industrial technology, health technology, and capital equipment.