KBC Group NV Sells 605 Shares of Fabrinet $FN

KBC Group NV lessened its position in Fabrinet (NYSE:FN) by 38.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 989 shares of the technology company’s stock after selling 605 shares during the period. KBC Group NV’s holdings in Fabrinet were worth $291,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Baillie Gifford & Co. increased its position 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 acquiring an additional 91,519 shares in the last quarter. TD Asset Management Inc boosted its stake in 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 purchasing an additional 121,233 shares during the last quarter. Epoch Investment Partners Inc. boosted its stake in Fabrinet by 12.8% during the 1st quarter. Epoch Investment Partners Inc. now owns 389,247 shares of the technology company’s stock valued at $76,880,000 after purchasing an additional 44,182 shares during the last quarter. Analog Century Management LP increased its holdings in shares of Fabrinet by 3.8% in the 1st quarter. Analog Century Management LP now owns 328,725 shares of the technology company’s stock worth $64,926,000 after purchasing an additional 12,063 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of Fabrinet in the first quarter worth $64,274,000. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Barclays increased their price objective on Fabrinet from $329.00 to $499.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 5th. JPMorgan Chase & Co. raised their price target on shares of Fabrinet from $430.00 to $530.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Needham & Company LLC lifted their price target on shares of Fabrinet from $440.00 to $540.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Weiss Ratings reissued a “buy (b-)” rating on shares of Fabrinet in a report on Wednesday, October 8th. Finally, B. Riley raised their target price on shares of Fabrinet from $184.00 to $220.00 and gave the stock a “neutral” rating in a report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $451.29.

Fabrinet Stock Up 0.6%

NYSE FN opened at $415.83 on Tuesday. The company has a 50-day moving average price of $399.52 and a 200-day moving average price of $323.38. Fabrinet has a 52 week low of $148.55 and a 52 week high of $498.00. The firm has a market capitalization of $14.90 billion, a P/E ratio of 42.83 and a beta of 1.05.

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

Insider Activity

In other Fabrinet news, 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 transaction 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. The trade was a 17.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Edward T. Archer sold 3,333 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 6,644 shares in the company, valued at $2,355,165.12. This trade represents a 33.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 27,049 shares of company stock valued at $9,360,401 in the last 90 days. Company insiders own 0.24% of the company’s stock.

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.