Fabrinet (NYSE:FN) EVP Edward Archer Sells 2,500 Shares of Stock

Fabrinet (NYSE:FN) EVP Edward Archer sold 2,500 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $385.91, for a total value of $964,775.00. Following the completion of the sale, the executive vice president directly owned 7,007 shares of the company’s stock, valued at approximately $2,704,071.37. The trade was a 26.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Fabrinet Trading Up 0.1%

Shares of FN opened at $395.59 on Friday. The company’s fifty day simple moving average is $484.61 and its 200 day simple moving average is $564.86. Fabrinet has a 1-year low of $342.44 and a 1-year high of $748.89. The company has a market cap of $14.17 billion, a price-to-earnings ratio of 30.31 and a beta of 1.21.

Fabrinet (NYSE:FN) last announced its quarterly earnings results on Monday, August 17th. The technology company reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.81 by $0.29. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Fabrinet had a net margin of 10.19% and a return on equity of 21.23%. The company’s revenue for the quarter was up 44.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.65 earnings per share. Fabrinet has set its Q1 2027 guidance at 4.100-4.250 EPS. As a group, research analysts forecast that Fabrinet will post 17.5 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Core Wealth Advisors LLC acquired a new position in shares of Fabrinet in the fourth quarter valued at about $25,000. Continuum Advisory LLC bought a new stake in Fabrinet in the 2nd quarter valued at about $25,000. Harbour Investments Inc. grew its position in shares of Fabrinet by 75.0% during the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock worth $29,000 after purchasing an additional 27 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in shares of Fabrinet in the first quarter valued at approximately $31,000. Finally, Creative Financial Designs Inc. ADV acquired a new stake in Fabrinet during the fourth quarter worth approximately $32,000. Institutional investors own 97.38% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wall Street Zen lowered Fabrinet from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Rosenblatt Securities reissued a “buy” rating and set a $750.00 target price on shares of Fabrinet in a report on Tuesday, August 18th. Fox Advisors raised Fabrinet from an “equal weight” rating to an “overweight” rating in a report on Wednesday, August 19th. Zacks Research cut shares of Fabrinet from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Finally, Weiss Ratings upgraded shares of Fabrinet from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 26th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $649.50.

Fabrinet Company Profile

Fabrinet is a global provider of advanced optical packaging and precision optical, electro‐mechanical and electronic manufacturing services (CEM). The company specializes in complex manufacturing processes for original equipment manufacturers (OEMs) in communications, data center, industrial, instrumentation and medical markets. Key capabilities include high‐precision fiber alignment, micro‐assembly, testing and diagnostics, and integration of electro‐optic subassemblies.

Incorporated in 2000, Fabrinet operates under a corporate structure headquartered in Singapore with additional regional offices and design centers in the Americas, Europe and Asia.