915 Shares in Fabrinet $FN Acquired by Prairie Wealth Advisors Inc.

Prairie Wealth Advisors Inc. bought a new position in Fabrinet (NYSE:FN) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 915 shares of the technology company’s stock, valued at approximately $270,000.

A number of other large investors also recently modified their holdings of the business. Nuveen LLC acquired a new position in shares of Fabrinet during the first quarter worth approximately $64,274,000. TD Asset Management Inc lifted 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 worth $176,613,000 after buying an additional 121,233 shares during the last quarter. Baillie Gifford & Co. raised its stake in shares of Fabrinet by 16.5% in the first quarter. Baillie Gifford & Co. now owns 644,557 shares of the technology company’s stock valued at $127,306,000 after purchasing an additional 91,519 shares in the last quarter. William Blair Investment Management LLC bought a new position in Fabrinet in the second quarter worth $26,243,000. Finally, Vaughan Nelson Investment Management L.P. boosted 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 buying an additional 85,359 shares in the last quarter. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. B. Riley lifted their price target on shares of Fabrinet from $184.00 to $220.00 and gave the stock a “neutral” rating 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. Needham & Company LLC reiterated a “buy” rating and set a $350.00 price objective on shares of Fabrinet in a research note on Tuesday, August 19th. Barclays increased their price objective on Fabrinet from $234.00 to $329.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 19th. Finally, Wolfe Research began coverage on Fabrinet in a research note on Tuesday, July 8th. They set a “peer perform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $337.33.

Insider Transactions at Fabrinet

In related news, COO Harpal Gill sold 14,203 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer owned 13,983 shares in the company, valued at $4,966,062.45. This trade represents a 50.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Seamus Grady sold 9,513 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer owned 46,024 shares in the company, valued at approximately $15,165,828.48. This represents a 17.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 27,049 shares of company stock worth $9,360,401. Insiders own 0.24% of the company’s stock.

Fabrinet Stock Performance

Shares of FN stock opened at $444.20 on Thursday. The stock’s fifty day moving average is $370.89 and its 200-day moving average is $299.62. The stock has a market capitalization of $15.91 billion, a PE ratio of 48.39 and a beta of 1.05. Fabrinet has a 52 week low of $148.55 and a 52 week high of $453.12.

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