Lazard Asset Management LLC Sells 13,844 Shares of Celestica, Inc. $CLS

Lazard Asset Management LLC decreased its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 54.3% during the first quarter, HoldingsChannel reports. The firm owned 11,645 shares of the technology company’s stock after selling 13,844 shares during the period. Lazard Asset Management LLC’s holdings in Celestica were worth $3,286,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Celestica during the fourth quarter valued at approximately $28,000. Swiss RE Ltd. bought a new position in Celestica in the fourth quarter worth approximately $29,000. Cullen Frost Bankers Inc. bought a new position in Celestica in the fourth quarter worth approximately $30,000. Sittner & Nelson LLC bought a new position in Celestica in the fourth quarter worth approximately $31,000. Finally, Ascentis Independent Advisors purchased a new stake in Celestica during the first quarter worth $29,000. Institutional investors own 67.38% of the company’s stock.

Insiders Place Their Bets

In other Celestica news, Director Michael Max Wilson sold 4,168 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total transaction of $1,389,236.08. Following the sale, the director owned 24,718 shares in the company, valued at approximately $8,238,756.58. The trade was a 14.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Robert Mionis sold 18,176 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $385.17, for a total value of $7,000,849.92. Following the completion of the transaction, the chief executive officer directly owned 60,384 shares in the company, valued at $23,258,105.28. This represents a 23.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 161,168 shares of company stock valued at $63,190,485. 1.10% of the stock is owned by company insiders.

Key Stories Impacting Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Strong Q2 results and higher guidance: Celestica reportedly exceeded revenue and adjusted EPS expectations again, while raising its full-year outlook for the third time in six months. Revenue increased sharply year over year, reinforcing confidence in execution and AI infrastructure demand. Celestica Q2 2026: Beat, Raise, Accelerate, And Still 31% Off The High
• Positive Sentiment: AI-driven growth pipeline: Enterprise revenue growth was especially strong, and management expects further acceleration in 2027. New multibillion-dollar programs tied to OpenAI’s custom accelerator and AMD’s Helios switch could support longer-term revenue and earnings growth. CLS Shows How AI Networking is Reshaping Electronics Manufacturing
• Positive Sentiment: Analyst support remains favorable: The average analyst price target implies approximately 31% upside. More importantly, the article notes broad upward earnings-estimate revisions, which are generally a stronger signal than price-target averages alone. Wall Street Analysts See a 30.96% Upside in Celestica
• Neutral Sentiment: Investor attention is elevated: CLS is attracting substantial retail and market interest following its earnings performance, increasing visibility but potentially also contributing to short-term volatility. Celestica Is Attracting Investor Attention
• Negative Sentiment: Valuation and sector risk are weighing on the stock: After a major AI-related rally, investors may be locking in gains and questioning whether continued earnings growth justifies CLS’s elevated valuation. The broader AI hardware group is also experiencing a pullback or “pause,” which can pressure even companies reporting strong results. Celestica Q2: Showing Strength Amid The AI Pause

Celestica Trading Down 6.2%

NYSE CLS opened at $330.83 on Friday. Celestica, Inc. has a 12-month low of $173.23 and a 12-month high of $474.02. The company has a fifty day simple moving average of $360.70 and a two-hundred day simple moving average of $333.53. The company has a current ratio of 1.23, a quick ratio of 0.73 and a debt-to-equity ratio of 0.32. The stock has a market cap of $38.04 billion, a P/E ratio of 34.39, a P/E/G ratio of 0.73 and a beta of 2.05.

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. TD Securities raised Celestica from a “hold” rating to a “buy” rating and set a $430.00 price target for the company in a research report on Wednesday, April 29th. Canadian Imperial Bank of Commerce raised their price objective on Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a research report on Wednesday. Weiss Ratings upgraded Celestica from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. TD Cowen upgraded shares of Celestica from a “hold” rating to a “buy” rating and boosted their target price for the stock from $350.00 to $430.00 in a report on Wednesday, April 29th. Finally, Barclays decreased their price target on shares of Celestica from $441.00 to $430.00 and set an “overweight” rating for the company in a research report on Wednesday. One 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.