Celestica (NYSE:CLS) Shares Down 1.3% – Time to Sell?

Shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) were down 1.3% during mid-day trading on Tuesday . The company traded as low as $330.18 and last traded at $345.6120. 1,538,507 shares were traded during mid-day trading, a decline of 35% from the average session volume of 2,371,233 shares. The stock had previously closed at $350.20.

Key Stories Impacting Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Celestica named 21-year company veteran Steven Dorwart as president of its Connectivity and Cloud Solutions segment, a role central to its AI and cloud infrastructure business. Investors view the move as a sign of operational continuity and strategic stability. Celestica Announces Leadership Transition in its Connectivity and Cloud Solutions Segment
• Positive Sentiment: Several articles highlighted Celestica’s exposure to AI, cloud, and data center demand, reinforcing the company’s growth narrative and helping support bullish sentiment around the stock. Here is Why Celestica (CLS) is One of BlackRock’s 30 Most Important AI Stocks Right Now
• Positive Sentiment: Analysts and market commentary suggested the shares may still be undervalued based on future AI growth expectations, which can keep valuation-focused buyers interested. Celestica (TSX:CLS) Could Be 23% Undervalued As Leadership Change Draws Focus
• Neutral Sentiment: Celestica scheduled its second-quarter 2026 earnings release and conference call for July 27-28, which keeps investors focused on the next catalyst but does not change fundamentals yet. Celestica Q2 2026 Financial Results and Conference Call Tuesday, July 28, 2026
• Neutral Sentiment: Other commentary noted the stock’s strong long-term run and mixed valuation signals, suggesting upside may depend on Celestica delivering on already elevated expectations. Celestica (TSX:CLS) Stock May Be Cheap On Fresh AI Growth Guidance
• Negative Sentiment: Some coverage said CLS has lagged peers over the past three months due to margin pressure and issues in its ATS segment, which could limit enthusiasm if execution does not improve. CLS Stock Lags Industry in Three Months: A Great Opportunity to Buy?

Analysts Set New Price Targets

CLS has been the subject of a number of research analyst reports. Stifel Nicolaus set a $445.00 target price on shares of Celestica in a research report on Tuesday, April 28th. Zacks Research raised Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. BMO Capital Markets raised their price objective on shares of Celestica from $370.00 to $450.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. UBS Group raised their target price on Celestica from $355.00 to $400.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, TD Cowen upgraded Celestica from a “hold” rating to a “buy” rating and increased their target price for the stock from $350.00 to $430.00 in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $427.42.

Celestica Trading Down 1.3%

The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 1.26. The business has a fifty day moving average of $377.42 and a 200-day moving average of $328.89. The company has a market capitalization of $39.74 billion, a P/E ratio of 41.79, a PEG ratio of 0.78 and a beta of 2.05.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.08. The business had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.97 billion. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The firm’s quarterly revenue was up 52.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.20 EPS. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. Analysts anticipate that Celestica, Inc. will post 9.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Celestica news, Director Michael Max Wilson sold 4,168 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $333.31, for a total transaction of $1,389,236.08. Following the completion of the sale, the director directly owned 24,718 shares of the company’s stock, valued at approximately $8,238,756.58. This represents a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Robert Mionis sold 66,056 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 134,328 shares in the company, valued at approximately $53,739,259.68. This trade represents a 32.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 161,168 shares of company stock worth $63,190,485 over the last three months. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Baron Wealth Management LLC raised its position in Celestica by 4.5% in the 2nd quarter. Baron Wealth Management LLC now owns 1,519 shares of the technology company’s stock valued at $554,000 after purchasing an additional 66 shares during the last quarter. GK Wealth Management LLC acquired a new position in shares of Celestica in the second quarter worth $1,531,000. Harbor Investment Advisory LLC purchased a new stake in shares of Celestica in the second quarter valued at $58,000. Silverleafe Capital Partners LLC increased its holdings in shares of Celestica by 22.8% during the 2nd quarter. Silverleafe Capital Partners LLC now owns 986 shares of the technology company’s stock worth $360,000 after buying an additional 183 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Celestica by 54.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the technology company’s stock valued at $82,000 after buying an additional 79 shares in the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

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.