Fabrinet (NYSE:FN) CEO Sells $3,134,723.76 in Stock

Key Points

• Fabrinet CEO Seamus Grady sold 9,513 shares at an average price of $329.52, totaling over $3.1 million, which led to a 17.13% decrease in his ownership stake.
• The company reported quarterly earnings of $2.65 per share, exceeding analyst expectations, with revenues of $909.69 million—20.8% higher compared to the previous year.
• Fabrinet's stock has a current market capitalization of $11.82 billion and a price-to-earnings ratio of 36.05, with an average price target of $312.33 from analysts.

Fabrinet (NYSE:FN - Get Free Report) CEO Seamus Grady sold 9,513 shares of Fabrinet stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $329.52, for a total transaction of $3,134,723.76. Following the completion of the transaction, the chief executive officer owned 46,024 shares of the company's stock, valued at $15,165,828.48. This trade represents a 17.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Fabrinet Price Performance

Shares of FN stock traded down $24.12 during trading on Monday, reaching $330.93. The company's stock had a trading volume of 1,004,118 shares, compared to its average volume of 913,902. The company has a market capitalization of $11.82 billion, a price-to-earnings ratio of 36.05 and a beta of 1.08. The stock's 50-day moving average price is $309.82 and its 200 day moving average price is $247.97. Fabrinet has a 1-year low of $148.55 and a 1-year high of $360.00.

Fabrinet (NYSE:FN - Get Free Report) last announced its quarterly earnings data on Monday, August 18th. The technology company reported $2.65 earnings per share for the quarter, beating analysts' consensus estimates of $2.63 by $0.02. The firm 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%. The business's quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.41 earnings per share. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. On average, sell-side analysts anticipate that Fabrinet will post 9.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FN has been the subject of a number of recent research reports. B. Riley lifted their price target on shares of Fabrinet from $184.00 to $220.00 and gave the stock a "neutral" rating in a report on Tuesday, August 19th. Wolfe Research initiated coverage on Fabrinet in a report on Tuesday, July 8th. They issued a "peer perform" rating for the company. Zacks Research lowered Fabrinet from a "strong-buy" rating to a "hold" rating in a research note on Thursday. JPMorgan Chase & Co. raised Fabrinet from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $318.00 to $345.00 in a research note on Monday, August 25th. Finally, Barclays increased their price target on Fabrinet from $234.00 to $329.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 19th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $312.33.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Wasatch Advisors LP boosted its holdings in Fabrinet by 45.1% in the second quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company's stock worth $524,432,000 after purchasing an additional 553,196 shares during the period. Geode Capital Management LLC boosted its holdings in Fabrinet by 0.5% in the second quarter. Geode Capital Management LLC now owns 1,051,108 shares of the technology company's stock worth $309,771,000 after purchasing an additional 5,114 shares during the period. Westfield Capital Management Co. LP boosted its holdings in Fabrinet by 102.8% in the second quarter. Westfield Capital Management Co. LP now owns 663,310 shares of the technology company's stock worth $195,464,000 after purchasing an additional 336,173 shares during the period. Baillie Gifford & Co. boosted its holdings in Fabrinet by 16.5% in the first quarter. Baillie Gifford & Co. now owns 644,557 shares of the technology company's stock worth $127,306,000 after purchasing an additional 91,519 shares during the period. Finally, TD Asset Management Inc boosted its holdings in Fabrinet by 25.4% in the second quarter. TD Asset Management Inc now owns 599,337 shares of the technology company's stock worth $176,613,000 after purchasing an additional 121,233 shares during the period. Hedge funds and other institutional investors own 97.38% of the company's stock.

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.

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