Fabrinet $FN Shares Acquired by TD Asset Management Inc

TD Asset Management Inc lifted its stake in shares of Fabrinet (NYSE:FN) by 25.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 599,337 shares of the technology company’s stock after buying an additional 121,233 shares during the quarter. TD Asset Management Inc’s holdings in Fabrinet were worth $176,613,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in FN. Nuveen LLC acquired a new position in shares of Fabrinet during the first quarter worth about $64,274,000. Baillie Gifford & Co. lifted its stake in Fabrinet by 16.5% during the first quarter. Baillie Gifford & Co. now owns 644,557 shares of the technology company’s stock worth $127,306,000 after purchasing an additional 91,519 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in Fabrinet by 178.9% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 133,084 shares of the technology company’s stock worth $39,217,000 after purchasing an additional 85,359 shares during the last quarter. Value Aligned Research Advisors LLC lifted its stake in Fabrinet by 240.9% during the first quarter. Value Aligned Research Advisors LLC now owns 114,443 shares of the technology company’s stock worth $22,604,000 after purchasing an additional 80,873 shares during the last quarter. Finally, Calamos Advisors LLC lifted its stake in Fabrinet by 200.0% during the first quarter. Calamos Advisors LLC now owns 30,000 shares of the technology company’s stock worth $5,925,000 after purchasing an additional 60,000 shares during the last quarter. 97.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO Harpal Gill sold 14,203 shares of the company’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $355.15, for a total transaction of $5,044,195.45. Following the transaction, the chief operating officer owned 13,983 shares of the company’s stock, valued at $4,966,062.45. This represents a 50.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Edward T. Archer sold 3,333 shares of the company’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $354.48, for a total value of $1,181,481.84. Following the transaction, the executive vice president directly owned 6,644 shares in the company, valued at $2,355,165.12. This represents a 33.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,049 shares of company stock valued at $9,360,401 over the last quarter. Company insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

FN has been the subject of several recent analyst reports. Rosenblatt Securities boosted their target price on Fabrinet from $360.00 to $425.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Needham & Company LLC restated a “buy” rating and set a $350.00 target price on shares of Fabrinet in a research note on Tuesday, August 19th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Fabrinet in a research note on Wednesday, October 8th. Wolfe Research began coverage on Fabrinet in a research note on Tuesday, July 8th. They issued a “peer perform” rating for the company. Finally, Zacks Research cut Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 28th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $323.17.

Fabrinet Trading Down 1.7%

NYSE:FN opened at $375.99 on Wednesday. The firm has a market cap of $13.43 billion, a P/E ratio of 40.96 and a beta of 1.05. The stock’s 50 day simple moving average is $350.70 and its 200-day simple moving average is $281.28. Fabrinet has a 12-month low of $148.55 and a 12-month high of $397.26.

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

Fabrinet Profile

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.