Archford Capital Strategies LLC Takes $223,000 Position in Fabrinet $FN

Key Points

• Archford Capital Strategies LLC purchased a new position in Fabrinet shares worth approximately $223,000, acquiring 757 shares during the second quarter.
• Fabrinet reported a quarterly earnings per share (EPS) of $2.65, exceeding analysts' expectations, with a 20.8% increase in revenue year-over-year.
• Institutional ownership is strong, with 97.38% of Fabrinet's stock held by institutional investors and hedge funds, indicating robust investor confidence.

Archford Capital Strategies LLC acquired a new position in shares of Fabrinet (NYSE:FN - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 757 shares of the technology company's stock, valued at approximately $223,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Maseco LLP acquired a new position in shares of Fabrinet during the second quarter worth $25,000. Banque Cantonale Vaudoise bought a new stake in Fabrinet during the 1st quarter worth $29,000. Wayfinding Financial LLC acquired a new position in Fabrinet in the 1st quarter worth about $30,000. Berbice Capital Management LLC bought a new position in Fabrinet in the first quarter valued at about $30,000. Finally, Private Trust Co. NA boosted its stake in shares of Fabrinet by 44.3% during 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.

Fabrinet Price Performance

NYSE FN opened at $363.50 on Tuesday. The stock has a market capitalization of $12.99 billion, a P/E ratio of 39.60 and a beta of 1.08. The business has a 50 day simple moving average of $338.16 and a 200 day simple moving average of $269.80. Fabrinet has a one year low of $148.55 and a one year high of $397.26.

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

Insider Activity

In other 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 transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Harpal Gill sold 14,203 shares of the firm's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $355.15, for a total value of $5,044,195.45. Following the completion of the sale, the chief operating officer owned 13,983 shares of the company's stock, valued at approximately $4,966,062.45. This represents a 50.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,049 shares of company stock worth $9,360,401. Company insiders own 0.38% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FN. Zacks Research downgraded Fabrinet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 28th. Needham & Company LLC restated a "buy" rating and issued a $350.00 price target on shares of Fabrinet in a research report on Tuesday, August 19th. Rosenblatt Securities reissued a "buy" rating and issued a $360.00 price objective on shares of Fabrinet in a research note on Tuesday, August 19th. Barclays increased their price objective on Fabrinet from $234.00 to $329.00 and gave the company an "equal weight" rating in a report on Tuesday, August 19th. Finally, Wolfe Research assumed coverage on Fabrinet in a report on Tuesday, July 8th. They set a "peer perform" rating on the stock. Four equities 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $312.33.

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.

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