Fabrinet $FN Holdings Decreased by Aurora Investment Counsel

Aurora Investment Counsel decreased its holdings in shares of Fabrinet (NYSE:FN) by 24.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,613 shares of the technology company’s stock after selling 3,407 shares during the quarter. Fabrinet accounts for approximately 1.6% of Aurora Investment Counsel’s holdings, making the stock its 4th biggest position. Aurora Investment Counsel’s holdings in Fabrinet were worth $3,127,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of FN. Nuveen LLC purchased a new position in shares of Fabrinet during the first quarter valued at $64,274,000. TD Asset Management Inc grew its holdings in shares of Fabrinet by 25.4% during the second quarter. TD Asset Management Inc now owns 599,337 shares of the technology company’s stock valued at $176,613,000 after buying an additional 121,233 shares in the last quarter. Baillie Gifford & Co. grew its holdings in shares of Fabrinet by 16.5% during the first quarter. Baillie Gifford & Co. now owns 644,557 shares of the technology company’s stock valued at $127,306,000 after buying an additional 91,519 shares in the last quarter. William Blair Investment Management LLC purchased a new position in shares of Fabrinet during the second quarter valued at $26,243,000. Finally, Vaughan Nelson Investment Management L.P. grew its stake in Fabrinet by 178.9% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 133,084 shares of the technology company’s stock valued at $39,217,000 after purchasing an additional 85,359 shares in the last quarter. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Edward T. Archer sold 3,333 shares of the business’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $354.48, for a total transaction of $1,181,481.84. Following the completion of the transaction, the executive vice president owned 6,644 shares of the company’s stock, valued at approximately $2,355,165.12. The trade was a 33.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Seamus Grady sold 9,513 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $329.52, for a total value of $3,134,723.76. Following the transaction, the chief executive officer directly owned 46,024 shares of the company’s stock, valued at $15,165,828.48. This represents a 17.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,049 shares of company stock valued at $9,360,401 over the last quarter. Insiders own 0.38% of the company’s stock.

Fabrinet Price Performance

Shares of NYSE:FN opened at $407.89 on Tuesday. Fabrinet has a fifty-two week low of $148.55 and a fifty-two week high of $432.00. The business has a 50-day moving average of $356.38 and a two-hundred day moving average of $288.06. The stock has a market capitalization of $14.57 billion, a P/E ratio of 44.43 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 for the quarter, topping analysts’ consensus estimates of $2.63 by $0.02. Fabrinet had a return on equity of 17.77% and a net margin of 9.72%.The company had revenue of $909.69 million during the quarter, compared to analysts’ expectations of $880.19 million. During the same quarter in the previous year, the firm earned $2.41 earnings per share. The business’s quarterly revenue was up 20.8% compared to the same quarter last year. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. As a group, research analysts expect that Fabrinet will post 9.4 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on FN shares. JPMorgan Chase & Co. boosted their target price on Fabrinet from $345.00 to $430.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Zacks Research downgraded Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 28th. Needham & Company LLC restated a “buy” rating and issued a $350.00 target price on shares of Fabrinet in a research note on Tuesday, August 19th. B. Riley boosted their target price on Fabrinet from $184.00 to $220.00 and gave the company a “neutral” rating in a research note on Tuesday, August 19th. Finally, Barclays boosted their target price on Fabrinet from $234.00 to $329.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 19th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Fabrinet currently has an average rating of “Moderate Buy” and a consensus price target of $337.33.

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.