Abel Hall LLC Acquires New Position in Fabrinet $FN

Key Points

• Abel Hall LLC has acquired a new stake in Fabrinet, purchasing 1,030 shares valued at approximately $304,000 in the second quarter.
• Analysts have set a consensus price target of $323.17 for Fabrinet, with multiple brokerages recently adjusting their ratings and targets for the stock.
• Fabrinet's recent quarterly earnings report showed a net margin of 9.72% and a year-on-year revenue increase of 20.8%, surpassing analyst expectations.

Abel Hall LLC acquired a new stake in Fabrinet (NYSE:FN - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,030 shares of the technology company's stock, valued at approximately $304,000.

A number of other institutional investors have also recently made changes to their positions in FN. Maseco LLP acquired a new position in shares of Fabrinet in the second quarter valued at approximately $25,000. Banque Cantonale Vaudoise acquired a new position in shares of Fabrinet in the first quarter valued at approximately $29,000. Wayfinding Financial LLC acquired a new position in shares of Fabrinet in the first quarter valued at approximately $30,000. Berbice Capital Management LLC acquired a new position in shares of Fabrinet in the first quarter valued at approximately $30,000. Finally, Private Trust Co. NA grew its holdings in shares of Fabrinet by 44.3% in the first 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. Institutional investors and hedge funds own 97.38% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FN. Needham & Company LLC reiterated a "buy" rating and issued a $350.00 price target on shares of Fabrinet in a research note on Tuesday, August 19th. Zacks Research downgraded shares of Fabrinet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 28th. 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 research note on Tuesday, August 19th. JPMorgan Chase & Co. upgraded shares of Fabrinet from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $318.00 to $345.00 in a research note on Monday, August 25th. Finally, Barclays lifted their price target on shares of Fabrinet from $234.00 to $329.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 19th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, Fabrinet presently has an average rating of "Moderate Buy" and a consensus price target of $323.17.

Insider Transactions at Fabrinet

In other news, EVP Edward T. Archer sold 3,333 shares of Fabrinet stock in a transaction 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 transaction, the executive vice president directly owned 6,644 shares of the company's stock, valued at $2,355,165.12. The trade was a 33.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Harpal Gill sold 14,203 shares of Fabrinet stock in a transaction on 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 completion of the transaction, the chief operating officer directly 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 can be found here. In the last quarter, insiders sold 27,049 shares of company stock worth $9,360,401. 0.38% of the stock is currently owned by insiders.

Fabrinet Trading Up 3.7%

Shares of NYSE:FN opened at $383.71 on Thursday. The company has a market capitalization of $13.71 billion, a PE ratio of 41.80 and a beta of 1.05. Fabrinet has a twelve month low of $148.55 and a twelve month high of $397.26. The firm has a 50 day simple moving average of $346.57 and a 200-day simple moving average of $276.32.

Fabrinet (NYSE:FN - Get Free Report) last issued its quarterly earnings data on Monday, August 18th. The technology company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.02. The business had revenue of $909.69 million during the quarter, compared to the consensus estimate of $880.19 million. Fabrinet had a net margin of 9.72% and a return on equity of 17.77%. The company's revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.41 EPS. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. As a group, equities research analysts predict that Fabrinet will post 9.4 EPS for the current fiscal year.

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.

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