Fabrinet $FN Shares Sold by Montanaro Asset Management Ltd

Montanaro Asset Management Ltd lowered its holdings in Fabrinet (NYSE:FN) by 2.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,000 shares of the technology company’s stock after selling 759 shares during the period. Fabrinet comprises about 2.5% of Montanaro Asset Management Ltd’s investment portfolio, making the stock its 19th biggest holding. Montanaro Asset Management Ltd owned about 0.09% of Fabrinet worth $9,724,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FN. Maseco LLP bought a new position in Fabrinet in the 2nd quarter worth approximately $25,000. Banque Cantonale Vaudoise bought a new position in Fabrinet during the 1st quarter valued at $29,000. Wayfinding Financial LLC bought a new position in Fabrinet during the 1st quarter valued at $30,000. Berbice Capital Management LLC bought a new position in Fabrinet during the 1st quarter valued at $30,000. Finally, Private Trust Co. NA boosted its stake in Fabrinet by 44.3% during the 1st quarter. Private Trust Co. NA now owns 166 shares of the technology company’s stock valued at $33,000 after purchasing an additional 51 shares in the last quarter. 97.38% of the stock is owned by institutional investors.

Fabrinet Trading Up 0.9%

NYSE:FN opened at $441.82 on Monday. Fabrinet has a 1 year low of $148.55 and a 1 year high of $453.12. The firm has a 50 day moving average of $377.08 and a 200-day moving average of $303.96. The stock has a market capitalization of $15.83 billion, a P/E ratio of 48.13 and a beta of 1.05.

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. The company had revenue of $909.69 million during the quarter, compared to analysts’ expectations of $880.19 million. Fabrinet had a net margin of 9.72% and a return on equity of 17.77%. Fabrinet’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.41 earnings per share. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. As a group, analysts forecast that Fabrinet will post 9.4 EPS for the current fiscal year.

Insider Activity at Fabrinet

In related news, EVP Edward T. Archer sold 3,333 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president owned 6,644 shares in the company, valued at approximately $2,355,165.12. This represents a 33.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Seamus Grady sold 9,513 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer owned 46,024 shares in the company, valued at approximately $15,165,828.48. The trade was a 17.13% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 27,049 shares of company stock valued at $9,360,401. 0.24% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

FN has been the subject of a number of recent research reports. Barclays increased their price objective on Fabrinet from $234.00 to $329.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 19th. B. Riley increased their target price on shares of Fabrinet from $184.00 to $220.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $350.00 price target on shares of Fabrinet in a research report on Tuesday, August 19th. Wolfe Research assumed coverage on shares of Fabrinet in a research note on Tuesday, July 8th. They issued a “peer perform” rating for the company. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Fabrinet in a research note on Wednesday, October 8th. One research 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 company. According to MarketBeat.com, Fabrinet currently has an average rating of “Moderate Buy” and a consensus price target 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.