Fabrinet $FN Shares Bought by Neumeier Poma Investment Counsel LLC

Neumeier Poma Investment Counsel LLC raised its stake in Fabrinet (NYSE:FN) by 33.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 133,420 shares of the technology company’s stock after acquiring an additional 33,117 shares during the period. Fabrinet makes up 3.7% of Neumeier Poma Investment Counsel LLC’s holdings, making the stock its 7th biggest holding. Neumeier Poma Investment Counsel LLC’s holdings in Fabrinet were worth $39,316,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Maseco LLP acquired a new position in Fabrinet in the second quarter worth about $25,000. Banque Cantonale Vaudoise acquired a new stake in Fabrinet during the first quarter valued at approximately $29,000. First Horizon Advisors Inc. lifted its holdings in Fabrinet by 124.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 139 shares of the technology company’s stock worth $41,000 after buying an additional 77 shares during the last quarter. Cullen Frost Bankers Inc. grew its position in shares of Fabrinet by 118.5% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 142 shares of the technology company’s stock worth $42,000 after acquiring an additional 77 shares in the last quarter. Finally, REAP Financial Group LLC increased its holdings in shares of Fabrinet by 171.9% in the 2nd quarter. REAP Financial Group LLC now owns 155 shares of the technology company’s stock valued at $46,000 after acquiring an additional 98 shares during the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.

Fabrinet Price Performance

Shares of Fabrinet stock opened at $407.96 on Wednesday. Fabrinet has a 1-year low of $148.55 and a 1-year high of $498.00. The business’s fifty day moving average price is $400.30 and its two-hundred day moving average price is $324.72. The company has a market capitalization of $14.62 billion, a P/E ratio of 42.01 and a beta of 1.05.

Fabrinet (NYSE:FN) last issued its quarterly earnings results on Monday, November 3rd. The technology company reported $2.92 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.09. Fabrinet had a return on equity of 18.16% and a net margin of 9.77%.The company had revenue of $978.13 million for the quarter, compared to analyst estimates of $935.04 million. During the same period last year, the company earned $2.39 earnings per share. The company’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. On average, research analysts expect that Fabrinet will post 9.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Northland Securities set a $550.00 price objective on Fabrinet in a research note on Tuesday, November 4th. JPMorgan Chase & Co. increased their target price on shares of Fabrinet from $430.00 to $530.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. Zacks Research raised shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 23rd. B. Riley raised their target price on Fabrinet from $184.00 to $220.00 and gave the company a “neutral” rating in a research note on Tuesday, August 19th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Fabrinet in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $451.29.

Insider Buying and Selling at Fabrinet

In other news, EVP Edward T. Archer sold 3,333 shares of the stock in a transaction that occurred 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 $2,355,165.12. This trade represents a 33.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Seamus Grady sold 9,513 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $329.52, for a total value of $3,134,723.76. Following the sale, the chief executive officer directly owned 46,024 shares in the company, valued at approximately $15,165,828.48. The trade was a 17.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 27,049 shares of company stock valued at $9,360,401. 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.