Pinnacle Wealth Planning Services Inc. Buys Shares of 797 Fabrinet $FN

Pinnacle Wealth Planning Services Inc. acquired a new stake in shares of Fabrinet (NYSE:FN) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 797 shares of the technology company’s stock, valued at approximately $235,000.

A number of other hedge funds also recently made changes to their positions in the stock. Nuveen LLC bought a new position in Fabrinet during the first quarter valued at approximately $64,274,000. TD Asset Management Inc boosted its stake in shares of Fabrinet by 25.4% in 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 in the last quarter. Baillie Gifford & Co. grew 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 valued at $127,306,000 after purchasing an additional 91,519 shares during the last quarter. William Blair Investment Management LLC bought a new position in shares of Fabrinet during the 2nd quarter valued at $26,243,000. Finally, Vaughan Nelson Investment Management L.P. raised its position in Fabrinet by 178.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 133,084 shares of the technology company’s stock worth $39,217,000 after purchasing an additional 85,359 shares during the period. 97.38% of the stock is owned by institutional investors.

Insider Transactions at Fabrinet

In other news, CEO Seamus Grady sold 9,513 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $329.52, for a total value of $3,134,723.76. Following the completion of the sale, the chief executive officer owned 46,024 shares in the company, valued at approximately $15,165,828.48. This trade represents a 17.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Harpal Gill sold 14,203 shares of the company’s stock in a transaction dated 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 transaction, the chief operating officer owned 13,983 shares in the company, valued at $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. In the last quarter, insiders sold 27,049 shares of company stock worth $9,360,401. 0.24% of the stock is currently owned by insiders.

Fabrinet Trading Up 2.0%

Shares of NYSE:FN opened at $417.23 on Thursday. The company has a market cap of $14.95 billion, a price-to-earnings ratio of 42.97 and a beta of 1.05. Fabrinet has a 12 month low of $148.55 and a 12 month high of $498.00. The company has a 50-day moving average price of $401.20 and a 200 day moving average price of $325.37.

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

Analyst Ratings Changes

Several analysts have issued reports on FN shares. B. Riley upped their price target on shares of Fabrinet from $184.00 to $220.00 and gave the company a “neutral” rating in a research report on Tuesday, August 19th. Weiss Ratings reissued a “buy (b-)” rating on shares of Fabrinet in a research note on Wednesday, October 8th. Zacks Research upgraded Fabrinet from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 23rd. Rosenblatt Securities lifted their price target on Fabrinet from $425.00 to $550.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Finally, Northland Securities set a $550.00 price objective on Fabrinet in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Fabrinet has a consensus rating of “Moderate Buy” and a consensus target price of $451.29.

About Fabrinet

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.