Aberdeen Group plc Has $25.82 Million Stock Holdings in Fabrinet $FN

Key Points

• Aberdeen Group plc has decreased its holdings in Fabrinet by 13.7%, reducing its position to 130,708 shares, valued at approximately $25.8 million.
• Fabrinet's recent quarterly earnings report shows an EPS of $2.65, exceeding expectations and reflecting a revenue increase of 20.8% year-over-year.
• An insider, COO Harpal Gill, sold 18,675 shares of Fabrinet for a total of $4.48 million, indicating a significant decrease in his ownership share.

Aberdeen Group plc lowered its stake in Fabrinet (NYSE:FN - Free Report) by 13.7% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 130,708 shares of the technology company's stock after selling 20,724 shares during the quarter. Aberdeen Group plc owned approximately 0.36% of Fabrinet worth $25,816,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Baillie Gifford & Co. raised its holdings in shares of 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 acquiring an additional 91,519 shares during the last quarter. Northern Trust Corp increased its position in Fabrinet by 14.6% during the 4th quarter. Northern Trust Corp now owns 499,356 shares of the technology company's stock worth $109,798,000 after purchasing an additional 63,686 shares in the last quarter. TD Asset Management Inc increased its position in Fabrinet by 17.8% during the 1st quarter. TD Asset Management Inc now owns 478,104 shares of the technology company's stock worth $94,430,000 after purchasing an additional 72,385 shares in the last quarter. Capital Research Global Investors raised its stake in Fabrinet by 675.2% in the 4th quarter. Capital Research Global Investors now owns 417,020 shares of the technology company's stock valued at $91,694,000 after purchasing an additional 363,228 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in Fabrinet by 4.2% in the 4th quarter. Nuveen Asset Management LLC now owns 351,041 shares of the technology company's stock valued at $77,187,000 after purchasing an additional 14,082 shares in the last quarter. Institutional investors and hedge funds own 97.38% of the company's stock.

Insider Buying and Selling

In related news, COO Harpal Gill sold 18,675 shares of the company's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $240.00, for a total value of $4,482,000.00. Following the completion of the sale, the chief operating officer directly owned 18,068 shares in the company, valued at approximately $4,336,320. This represents a 50.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.38% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on FN. 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. JPMorgan Chase & Co. raised their target price on shares of Fabrinet from $235.00 to $318.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Wolfe Research assumed coverage on Fabrinet in a report on Tuesday, July 8th. They issued a "peer perform" rating for the company. Needham & Company LLC reissued a "buy" rating and set a $350.00 price target on shares of Fabrinet in a research note on Tuesday. Finally, Barclays raised their price objective on Fabrinet from $234.00 to $329.00 and gave the stock an "equal weight" rating in a report on Tuesday. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $307.83.

Fabrinet Stock Performance

Shares of NYSE FN traded up $18.04 during trading on Friday, reaching $295.08. The stock had a trading volume of 841,782 shares, compared to its average volume of 723,356. The firm's 50 day moving average price is $300.68 and its two-hundred day moving average price is $242.03. Fabrinet has a one year low of $148.55 and a one year high of $356.55. The stock has a market cap of $10.54 billion, a PE ratio of 32.07 and a beta of 1.02.

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, beating the consensus estimate of $2.63 by $0.02. The firm had revenue of $909.69 million for 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%. Fabrinet's quarterly revenue was up 20.8% compared to the same quarter last year. During the same period last year, the firm posted $2.41 EPS. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. On average, research analysts expect that Fabrinet will post 9.4 earnings per share for the current year.

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.