Celestica’s chief human resources officer sells $2.5 million in shares

Leila Wong, the Chief Human Resources Officer at Celestica Inc . (NYSE:CLS), recently sold a significant portion of her holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Wong sold a total of 20,535 common shares on February 3, 2025. The shares were sold at prices ranging from $122.05 to $122.28, totaling approximately $2.5 million. The sale comes amid Celestica (TSX:CLS)’s remarkable performance, with the stock delivering a 289% return over the past year according to InvestingPro data.

Following this transaction, Wong retains ownership of 13,892 shares in Celestica. In addition to the sales, Wong was granted 3,310 restricted share units (RSUs) on February 4, 2025. These RSUs will vest over a three-year period, with vesting dates on each of the first and second anniversaries of the grant date, and on December 1 following the second anniversary. The stock currently trades near its 52-week high of $144.27.

Celestica Inc., headquartered in Toronto, Canada, is a prominent player in the printed circuit board manufacturing industry, generating annual revenue of $9.65 billion with 21% year-over-year growth. InvestingPro analysis indicates the stock is currently overvalued, though subscribers have access to 18 additional ProTips and a comprehensive Pro Research Report for deeper insights into the company’s prospects.

In other recent news, Celestica has been the subject of several analyst upgrades. RBC Capital Markets raised its price target for Celestica from $140 to $160, citing the company’s strong business trajectory and continued momentum in launching new programs and distinctive product offerings. Prior to this, RBC had increased the target from $115 to $140, following strong financial results and the securing of two significant new programs. BMO Capital Markets also revised Celestica’s price target to $140, from a previous $72, highlighting the company’s growing capabilities in the artificial intelligence sector and potential for increased capital expenditures.

In addition to these developments, Celestica announced the upcoming resignation of Laurette T. Koellner from its Board of Directors, effective January 31, 2025. The company has confirmed that the departure is not due to any disagreements and has begun the process of finding a suitable replacement.

These are the latest developments for Celestica, a company that continues to garner positive attention from analysts for its strong performance and strategic initiatives. With recent financial results surpassing expectations and a steady stream of new programs, Celestica is poised for continued growth. However, the upcoming board member resignation introduces a new phase of transition for the company.

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