Sterling Capital Management LLC Buys New Position in Celestica, Inc. $CLS

Sterling Capital Management LLC bought a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,351 shares of the technology company’s stock, valued at approximately $850,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Legacy Wealth Managment LLC ID lifted its position in shares of Celestica by 14.4% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company’s stock worth $63,000 after purchasing an additional 28 shares during the period. Capital Planning LLC boosted its stake in shares of Celestica by 3.2% in the 1st quarter. Capital Planning LLC now owns 1,025 shares of the technology company’s stock valued at $289,000 after purchasing an additional 32 shares during the last quarter. PCB Capital LLC boosted its stake in shares of Celestica by 3.5% in the 1st quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock valued at $280,000 after purchasing an additional 34 shares during the last quarter. Riverbend Wealth Management LLC boosted its stake in shares of Celestica by 4.8% in the 3rd quarter. Riverbend Wealth Management LLC now owns 745 shares of the technology company’s stock valued at $269,000 after purchasing an additional 34 shares during the last quarter. Finally, XML Financial LLC increased its position in shares of Celestica by 1.5% during the second quarter. XML Financial LLC now owns 2,640 shares of the technology company’s stock worth $963,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds own 67.38% of the company’s stock.

Key Headlines Impacting Celestica

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Q3 results exceeded expectations: Celestica reported adjusted EPS of $3.30 versus the $2.93 consensus estimate and revenue of $5.74 billion versus expectations of $5.39 billion. Earnings reportedly increased 108.9% year over year, while revenue rose 82.5%, driven by strong demand in its Connectivity and Cloud Solutions businesses. Celestica Q3 Earnings Beat Estimates on Strong CCS Demand
• Positive Sentiment: Management raised its outlook: Q3 revenue and adjusted EPS came in above the high end of prior guidance, prompting higher full-year 2026 revenue and earnings expectations. Management also outlined an ambitious 2027 revenue target of approximately $40 billion, supported by accelerating AI-related demand and anticipated operating-margin expansion. Celestica Announces Third Quarter 2026 Financial Results
• Positive Sentiment: AI exposure is driving the narrative: Reports describe an AI infrastructure “supercycle,” stronger customer demand extending into 2028, and Celestica as a potentially attractive way to gain AI exposure. The stock’s recent selloff before earnings may also have left valuation looking more compelling to some analysts. Celestica: Soaring On Blowout Earnings And Guidance
• Neutral Sentiment: Options activity confirms heightened speculation: Investors bought 34,315 call options, about 163% above the average daily call volume, signaling increased bullish positioning but also unusually high short-term trading interest.
• Negative Sentiment: Risk remains elevated: CLS has a beta of 2.01 and is trading well below its 52-week high, indicating substantial volatility. The bullish outlook is also dependent on continued AI infrastructure spending and successful execution against the aggressive 2027 targets.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CLS shares. Canadian Imperial Bank of Commerce lifted their target price 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. Sanford C. Bernstein restated an “outperform” rating on shares of Celestica in a report on Thursday, October 15th. JPMorgan Chase & Co. upped their price target on shares of Celestica from $445.00 to $485.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Scotiabank assumed coverage on Celestica in a report on Tuesday, August 11th. They set a “sector outperform” rating and a $500.00 price target for the company. Finally, UBS Group upgraded Celestica from a “neutral” rating to a “buy” rating and increased their price target for the stock from $410.00 to $430.00 in a report on Monday, August 24th. Twenty-four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Celestica currently has an average rating of “Moderate Buy” and a consensus price target of $448.30.

Celestica Stock Performance

Celestica stock opened at $276.06 on Wednesday. Celestica, Inc. has a 52-week low of $244.51 and a 52-week high of $474.02. The stock’s 50 day moving average price is $325.96 and its two-hundred day moving average price is $331.57.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, October 26th. The technology company reported $3.30 EPS for the quarter, topping the consensus estimate of $3.02 by $0.28. The company had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.39 billion. Analysts anticipate that Celestica, Inc. will post 10.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, President Todd Cooper sold 20,118 shares of the company’s stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $360.00, for a total transaction of $7,242,480.00. Following the transaction, the president owned 73,252 shares in the company, valued at approximately $26,370,720. This represents a 21.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mandeep Chawla sold 16,117 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the transaction, the chief financial officer directly owned 65,444 shares in the company, valued at $24,169,778.08. This trade represents a 19.76% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 243,067 shares of company stock worth $89,200,967. 1.10% of the stock is currently owned by company insiders.

Celestica Profile

Celestica Inc is a global provider of design, manufacturing, and supply chain solutions for original equipment manufacturers and other technology companies. The company helps customers develop, produce, and support complex hardware and integrated systems across their product life cycles.

Its services include product design and engineering, electronics and mechanical manufacturing, systems integration, testing, supply chain management, logistics, and after-market support. Celestica serves markets such as communications, enterprise and cloud computing, aerospace and defense, industrial technology, health technology, and capital equipment.

Headquartered in Toronto, Canada, Celestica operates a global network of manufacturing, engineering, and supply chain facilities serving customers in North America, Europe, and Asia.