Aurora Investment Counsel Cuts Stock Holdings in Fabrinet $FN

Key Points

• Aurora Investment Counsel reduced its holdings in Fabrinet by 24.3%, now owning 10,613 shares valued at $3,127,000.
• Insider trading activity saw CEO Seamus Grady and EVP Edward T. Archer sell 9,513 and 3,333 shares respectively, diminishing their holdings significantly.
• Fabrinet reported better-than-expected earnings with $2.65 EPS and aims for a Q1 2026 EPS guidance of 2.750-2.900.

Aurora Investment Counsel lowered its holdings in shares of Fabrinet (NYSE:FN - Free Report) by 24.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,613 shares of the technology company's stock after selling 3,407 shares during the period. Fabrinet makes up 1.6% of Aurora Investment Counsel's holdings, making the stock its 4th largest position. Aurora Investment Counsel's holdings in Fabrinet were worth $3,127,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FN. SG Americas Securities LLC bought a new stake in Fabrinet during the 1st quarter valued at $369,000. Wealth Enhancement Advisory Services LLC raised its stake in Fabrinet by 4.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,610 shares of the technology company's stock valued at $911,000 after acquiring an additional 208 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Fabrinet by 1.7% during the 1st quarter. State of Alaska Department of Revenue now owns 4,205 shares of the technology company's stock valued at $830,000 after acquiring an additional 70 shares in the last quarter. Illumine Investment Management LLC raised its stake in Fabrinet by 2.2% during the 1st quarter. Illumine Investment Management LLC now owns 3,461 shares of the technology company's stock valued at $684,000 after acquiring an additional 75 shares in the last quarter. Finally, Ausbil Investment Management Ltd raised its stake in Fabrinet by 42.6% during the 1st quarter. Ausbil Investment Management Ltd now owns 4,169 shares of the technology company's stock valued at $823,000 after acquiring an additional 1,245 shares in the last quarter. Institutional investors own 97.38% of the company's stock.

Insider Buying and Selling

In related news, CEO Seamus Grady sold 9,513 shares of Fabrinet stock in a transaction on Wednesday, August 27th. The stock was 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. The trade was a 17.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Edward T. Archer sold 3,333 shares of Fabrinet stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $354.48, for a total value of $1,181,481.84. Following the completion of the transaction, the executive vice president owned 6,644 shares in the company, valued at $2,355,165.12. The trade was a 33.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,049 shares of company stock worth $9,360,401 in the last three months. 0.38% of the stock is currently owned by insiders.

Fabrinet Stock Down 0.5%

Shares of NYSE FN opened at $407.89 on Tuesday. The stock has a market capitalization of $14.57 billion, a price-to-earnings ratio of 44.43 and a beta of 1.05. The stock's fifty day simple moving average is $356.38 and its 200 day simple moving average is $288.06. Fabrinet has a 52-week low of $148.55 and a 52-week high of $432.00.

Fabrinet (NYSE:FN - Get Free Report) last issued its 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 business 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 quarterly revenue was up 20.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.41 EPS. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. As a group, analysts anticipate that Fabrinet will post 9.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

FN has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Fabrinet in a research note on Wednesday, October 8th. B. Riley lifted their price target on Fabrinet from $184.00 to $220.00 and gave the company a "neutral" rating in a research report on Tuesday, August 19th. Rosenblatt Securities lifted their price target on Fabrinet from $360.00 to $425.00 and gave the company a "buy" rating in a research report on Thursday, October 2nd. Needham & Company LLC reiterated a "buy" rating and set a $350.00 price target on shares of Fabrinet in a research report on Tuesday, August 19th. Finally, Wolfe Research started coverage on Fabrinet in a research report on Tuesday, July 8th. They set a "peer perform" rating on the stock. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $337.33.

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.

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