Fabrinet $FN Shares Purchased by Savant Capital LLC

Savant Capital LLC grew its holdings in shares of Fabrinet (NYSE:FN) by 97.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,638 shares of the technology company’s stock after purchasing an additional 1,799 shares during the period. Savant Capital LLC’s holdings in Fabrinet were worth $1,072,000 as of its most recent SEC filing.

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

Fabrinet Stock Performance

Shares of FN stock opened at $402.31 on Friday. Fabrinet has a 1 year low of $148.55 and a 1 year high of $498.00. The business’s fifty day moving average is $397.76 and its 200-day moving average is $318.88. The stock has a market cap of $14.41 billion, a PE ratio of 41.43 and a beta of 1.05.

Fabrinet (NYSE:FN) last announced its quarterly earnings data on Monday, November 3rd. The technology company reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.09. The company had revenue of $978.13 million for the quarter, compared to analysts’ expectations of $935.04 million. Fabrinet had a net margin of 9.77% and a return on equity of 18.16%. The business’s revenue was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.39 EPS. Fabrinet has set its Q2 2026 guidance at 3.150-3.300 EPS. Equities research analysts predict that Fabrinet will post 9.4 earnings per share for the current year.

Analysts Set New Price Targets

FN has been the topic of several recent research reports. Barclays raised their price target on Fabrinet from $329.00 to $499.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 5th. JPMorgan Chase & Co. boosted their price target on shares of Fabrinet from $430.00 to $530.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Fabrinet in a research report on Wednesday, October 8th. B. Riley lifted their price objective 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. Finally, Needham & Company LLC boosted their target price on shares of Fabrinet from $440.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $451.29.

Insider Activity at Fabrinet

In related news, 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 directly owned 6,644 shares of the company’s stock, valued at approximately $2,355,165.12. The trade was a 33.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Harpal Gill sold 14,203 shares of the company’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $355.15, for a total transaction of $5,044,195.45. Following the completion of 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 27,049 shares of company stock worth $9,360,401. 0.24% of the stock is owned by corporate insiders.

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.