Archford Capital Strategies LLC Acquires Shares of 757 Fabrinet $FN

Archford Capital Strategies LLC bought a new position in shares of Fabrinet (NYSE:FN) in the 2nd quarter, HoldingsChannel reports. The fund bought 757 shares of the technology company’s stock, valued at approximately $223,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Maseco LLP bought a new position in Fabrinet in the 2nd quarter valued at about $25,000. Banque Cantonale Vaudoise bought a new position in shares of Fabrinet in the first quarter valued at approximately $29,000. Wayfinding Financial LLC bought a new position in shares of Fabrinet in the first quarter valued at approximately $30,000. Berbice Capital Management LLC purchased a new position in shares of Fabrinet during the first quarter valued at approximately $30,000. Finally, Private Trust Co. NA grew its holdings in Fabrinet by 44.3% during the first quarter. Private Trust Co. NA now owns 166 shares of the technology company’s stock worth $33,000 after buying an additional 51 shares in the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.

Insider Buying and Selling at Fabrinet

In other Fabrinet news, CEO Seamus Grady sold 9,513 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $329.52, for a total transaction of $3,134,723.76. Following the sale, the chief executive officer owned 46,024 shares in the company, valued at $15,165,828.48. This represents a 17.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Harpal Gill sold 14,203 shares of the firm’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $355.15, for a total value of $5,044,195.45. Following the completion of the transaction, the chief operating officer directly owned 13,983 shares of the company’s stock, valued at $4,966,062.45. The trade was a 50.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,049 shares of company stock valued at $9,360,401 in the last 90 days. 0.38% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

FN has been the topic of several recent analyst reports. JPMorgan Chase & Co. upgraded Fabrinet from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $318.00 to $345.00 in a research note on Monday, August 25th. B. Riley boosted their price target on shares of Fabrinet from $184.00 to $220.00 and gave the stock a “neutral” rating in a report on Tuesday, August 19th. Rosenblatt Securities reiterated a “buy” rating and issued a $360.00 price objective on shares of Fabrinet in a research note on Tuesday, August 19th. Zacks Research downgraded Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 28th. Finally, Barclays upped their target price on Fabrinet from $234.00 to $329.00 and gave the company an “equal weight” rating in a report on Tuesday, August 19th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $312.33.

Fabrinet Stock Performance

Shares of Fabrinet stock opened at $363.50 on Tuesday. Fabrinet has a 52-week low of $148.55 and a 52-week high of $397.26. The stock’s 50-day simple moving average is $338.16 and its 200 day simple moving average is $269.80. The stock has a market capitalization of $12.99 billion, a P/E ratio of 39.60 and a beta of 1.08.

Fabrinet (NYSE:FN) last posted its earnings results on Monday, August 18th. The technology company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.02. Fabrinet had a net margin of 9.72% and a return on equity of 17.77%. The firm had revenue of $909.69 million during the quarter, compared to the consensus estimate of $880.19 million. During the same quarter last year, the company earned $2.41 earnings per share. The company’s revenue was up 20.8% on a year-over-year basis. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. Equities research analysts forecast that Fabrinet will post 9.4 EPS for the current fiscal year.

About Fabrinet

Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing.