Ardsley Advisory Partners LP Buys New Shares in Fabrinet $FN

Key Points

• Ardsley Advisory Partners LP acquired 15,750 shares of Fabrinet, valued at approximately $3.1 million, as part of their new stake in the technology company.
• Fabrinet's recent quarterly earnings reported earnings per share of $2.65, surpassing analyst expectations, and revenue increased by 20.8% year-over-year to $909.69 million.
• CEO Seamus Grady sold 9,513 shares of Fabrinet for over $3.1 million, marking a 17.13% decrease in his holdings, which now total 46,024 shares.

Ardsley Advisory Partners LP bought a new position in shares of Fabrinet (NYSE:FN - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 15,750 shares of the technology company's stock, valued at approximately $3,111,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Private Trust Co. NA raised its position 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 worth $33,000 after acquiring an additional 51 shares during the last quarter. CreativeOne Wealth LLC boosted its stake in Fabrinet by 4.9% in the first quarter. CreativeOne Wealth LLC now owns 1,148 shares of the technology company's stock worth $227,000 after buying an additional 54 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Fabrinet by 1.7% during the first quarter. State of Alaska Department of Revenue now owns 4,205 shares of the technology company's stock valued at $830,000 after buying an additional 70 shares during the period. Henry James International Management Inc. boosted its position in shares of Fabrinet by 5.6% during the first quarter. Henry James International Management Inc. now owns 1,317 shares of the technology company's stock valued at $260,000 after purchasing an additional 70 shares in the last quarter. Finally, Illumine Investment Management LLC boosted its holdings in Fabrinet by 2.2% in the first quarter. Illumine Investment Management LLC now owns 3,461 shares of the technology company's stock worth $684,000 after acquiring an additional 75 shares in the last quarter. 97.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, COO Harpal Gill sold 14,203 shares of the business's stock in a transaction that occurred 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 sale, the chief operating officer 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Seamus Grady sold 9,513 shares of the company's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $329.52, for a total value of $3,134,723.76. Following the transaction, the chief executive officer directly owned 46,024 shares in the company, valued at $15,165,828.48. This represents a 17.13% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,049 shares of company stock valued at $9,360,401. 0.38% of the stock is owned by insiders.

Fabrinet Stock Up 2.1%

NYSE FN traded up $7.44 on Friday, hitting $369.60. The stock had a trading volume of 914,614 shares, compared to its average volume of 914,497. The company's 50-day moving average is $314.73 and its two-hundred day moving average is $251.12. The stock has a market cap of $13.21 billion, a price-to-earnings ratio of 40.26 and a beta of 1.08. Fabrinet has a one year low of $148.55 and a one year high of $377.56.

Fabrinet (NYSE:FN - Get Free Report) last posted its earnings results on Monday, August 18th. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.63 by $0.02. The business had revenue of $909.69 million for the quarter, compared to analyst estimates of $880.19 million. Fabrinet had a net margin of 9.72% and a return on equity of 17.77%. Fabrinet's revenue was up 20.8% compared to the same quarter last year. During the same period last year, the business posted $2.41 EPS. 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 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on 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, August 19th. Wolfe Research started coverage on Fabrinet in a research report on Tuesday, July 8th. They set a "peer perform" rating for the company. Rosenblatt Securities reaffirmed a "buy" rating and issued a $360.00 price target on shares of Fabrinet in a report on Tuesday, August 19th. B. Riley increased their price objective on Fabrinet from $184.00 to $220.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 19th. Finally, Zacks Research cut Fabrinet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 28th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $312.33.

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.