Fabrinet $FN Holdings Decreased by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its position in Fabrinet (NYSE:FN) by 2.4% in the second quarter, Holdings Channel.com reports. The fund owned 12,096 shares of the technology company’s stock after selling 300 shares during the period. Yousif Capital Management LLC’s holdings in Fabrinet were worth $3,564,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its holdings in shares of Fabrinet by 34.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 70,675 shares of the technology company’s stock valued at $20,433,000 after acquiring an additional 18,274 shares during the last quarter. CWM LLC boosted its position in Fabrinet by 3.6% during the 2nd quarter. CWM LLC now owns 2,339 shares of the technology company’s stock valued at $689,000 after purchasing an additional 81 shares during the period. Concurrent Investment Advisors LLC boosted its position in Fabrinet by 9.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 1,611 shares of the technology company’s stock valued at $475,000 after purchasing an additional 134 shares during the period. IFP Advisors Inc boosted its position in Fabrinet by 10.9% during the 2nd quarter. IFP Advisors Inc now owns 347 shares of the technology company’s stock valued at $103,000 after purchasing an additional 34 shares during the period. Finally, Callan Family Office LLC acquired a new position in Fabrinet during the 2nd quarter valued at approximately $302,000. 97.38% of the stock is currently owned by institutional investors.

Insider Activity

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

Wall Street Analysts Forecast Growth

FN has been the subject of a number of analyst reports. B. Riley boosted their price objective on Fabrinet from $184.00 to $220.00 and gave the company a “neutral” rating in a research report on Tuesday, August 19th. Wolfe Research initiated coverage on Fabrinet in a research report on Tuesday, July 8th. They set a “peer perform” rating for the company. Needham & Company LLC restated a “buy” rating and set a $350.00 price objective on shares of Fabrinet in a research report on Tuesday, August 19th. Rosenblatt Securities boosted their price objective on Fabrinet from $360.00 to $425.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Finally, Zacks Research lowered Fabrinet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 28th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $337.33.

Fabrinet Stock Performance

Shares of FN stock opened at $412.97 on Friday. Fabrinet has a 1 year low of $148.55 and a 1 year high of $432.00. The stock has a fifty day moving average of $353.58 and a two-hundred day moving average of $283.57. The firm has a market capitalization of $14.76 billion, a PE ratio of 44.99 and a beta of 1.05.

Fabrinet (NYSE:FN) last announced its quarterly earnings results on Monday, August 18th. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.63 by $0.02. The company had revenue of $909.69 million during 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 firm’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.41 EPS. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. Equities research analysts predict that Fabrinet will post 9.4 earnings per share for the current fiscal year.

Fabrinet Company 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.