Fabrinet $FN Shares Acquired by Freemont Management S.A.

Freemont Management S.A. increased its holdings in Fabrinet (NYSE:FN) by 30.8% in the second quarter, Holdings Channel.com reports. The firm owned 10,200 shares of the technology company’s stock after purchasing an additional 2,400 shares during the period. Freemont Management S.A.’s holdings in Fabrinet were worth $3,006,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FN. Nuveen LLC acquired a new stake in Fabrinet in the 1st quarter worth about $64,274,000. TD Asset Management Inc increased its stake in shares of Fabrinet by 25.4% during the 2nd quarter. TD Asset Management Inc now owns 599,337 shares of the technology company’s stock valued at $176,613,000 after acquiring an additional 121,233 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in shares of Fabrinet by 16.5% during the 1st quarter. Baillie Gifford & Co. now owns 644,557 shares of the technology company’s stock worth $127,306,000 after acquiring an additional 91,519 shares during the period. William Blair Investment Management LLC acquired a new stake in shares of Fabrinet in the second quarter worth approximately $26,243,000. Finally, Vaughan Nelson Investment Management L.P. grew its holdings 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 during the period. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fabrinet

In other news, EVP Edward T. Archer sold 3,333 shares of the company’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $354.48, for a total value of $1,181,481.84. Following the completion of the transaction, the executive vice president directly owned 6,644 shares in the company, valued at approximately $2,355,165.12. This represents a 33.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Harpal Gill sold 14,203 shares of the firm’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $355.15, for a total transaction of $5,044,195.45. Following the sale, the chief operating officer directly owned 13,983 shares of the company’s stock, valued at approximately $4,966,062.45. The trade was a 50.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 27,049 shares of company stock valued at $9,360,401 over the last 90 days. 0.24% of the stock is owned by corporate insiders.

Fabrinet Price Performance

NYSE:FN opened at $447.89 on Friday. The business’s 50-day moving average is $389.78 and its two-hundred day moving average is $311.93. The firm has a market capitalization of $16.05 billion, a PE ratio of 46.13 and a beta of 1.05. Fabrinet has a 12 month low of $148.55 and a 12 month high of $498.00.

Fabrinet (NYSE:FN) last issued its earnings results on Monday, November 3rd. The technology company reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.09. The company had revenue of $978.13 million during the quarter, compared to the consensus estimate of $935.04 million. Fabrinet had a return on equity of 18.16% and a net margin of 9.77%.The company’s revenue was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.39 earnings per share. Fabrinet has set its Q2 2026 guidance at 3.150-3.300 EPS. Equities analysts anticipate that Fabrinet will post 9.4 EPS for the current year.

Analyst Ratings Changes

FN has been the subject of several research analyst reports. Zacks Research raised shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 23rd. B. Riley upped their price objective on Fabrinet from $184.00 to $220.00 and gave the stock a “neutral” rating in a report on Tuesday, August 19th. JPMorgan Chase & Co. increased their target price on Fabrinet from $430.00 to $530.00 and gave the stock an “overweight” rating in a research report on Tuesday. Needham & Company LLC boosted their price target on Fabrinet from $440.00 to $540.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Northland Securities set a $550.00 price target on Fabrinet in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $451.29.

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.