Concurrent Investment Advisors LLC Has $475,000 Stake in Fabrinet $FN

Concurrent Investment Advisors LLC boosted its holdings in shares of Fabrinet (NYSE:FN) by 9.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,611 shares of the technology company’s stock after buying an additional 134 shares during the period. Concurrent Investment Advisors LLC’s holdings in Fabrinet were worth $475,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Maseco LLP purchased a new position in Fabrinet during the second quarter valued at approximately $25,000. Banque Cantonale Vaudoise purchased a new stake in Fabrinet in the 1st quarter worth approximately $29,000. Wayfinding Financial LLC acquired a new stake in shares of Fabrinet during the 1st quarter valued at $30,000. Berbice Capital Management LLC purchased a new position in shares of Fabrinet during the 1st quarter valued at $30,000. Finally, Private Trust Co. NA increased its stake in shares of Fabrinet by 44.3% in the first quarter. Private Trust Co. NA now owns 166 shares of the technology company’s stock worth $33,000 after acquiring an additional 51 shares during the last quarter. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Fabrinet Price Performance

Fabrinet stock opened at $410.16 on Friday. The company has a market capitalization of $14.65 billion, a PE ratio of 44.68 and a beta of 1.05. Fabrinet has a one year low of $148.55 and a one year high of $432.00. The business has a 50 day simple moving average of $354.88 and a 200 day simple moving average of $285.61.

Fabrinet (NYSE:FN) last posted its earnings results on Monday, August 18th. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.63 by $0.02. Fabrinet had a net margin of 9.72% and a return on equity of 17.77%. 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 company posted $2.41 earnings per share. Fabrinet’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. Equities analysts anticipate that Fabrinet will post 9.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, COO Harpal Gill sold 14,203 shares of the firm’s stock in a transaction on 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 directly owned 13,983 shares in the company, valued at $4,966,062.45. This trade represents a 50.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Edward T. Archer sold 3,333 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $354.48, for a total transaction of $1,181,481.84. Following the transaction, the executive vice president owned 6,644 shares of the company’s stock, valued at approximately $2,355,165.12. This represents a 33.41% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,049 shares of company stock valued at $9,360,401. 0.38% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FN shares. Barclays increased their price objective on Fabrinet from $234.00 to $329.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 19th. Weiss Ratings restated a “buy (b-)” rating on shares of Fabrinet in a research note on Wednesday, October 8th. Zacks Research lowered shares of Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 28th. Wolfe Research initiated coverage on shares of Fabrinet in a report on Tuesday, July 8th. They issued a “peer perform” rating for the company. Finally, B. Riley raised their target price on Fabrinet from $184.00 to $220.00 and gave the company a “neutral” rating in a report 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’s stock. According to MarketBeat.com, Fabrinet has an average rating of “Moderate Buy” and a consensus target price of $337.33.

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.