Ausbil Investment Management Ltd Sells 3,321 Shares of Fabrinet $FN

Key Points

• Ausbil Investment Management Ltd has cut its stake in Fabrinet by 79.7%, selling 3,321 shares, and now holds 848 shares valued at $250,000.
• Insider sales include EVP Edward T. Archer, who sold 3,333 shares for approximately $1.18 million, and COO Harpal Gill, who sold 14,203 shares for about $5.04 million, indicating significant insider selling activity.
• Fabrinet's stock opened at $360.66 with a market cap of $12.89 billion, and reported earnings of $2.65 per share, beating analysts' expectations.

Ausbil Investment Management Ltd trimmed its stake in Fabrinet (NYSE:FN - Free Report) by 79.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 848 shares of the technology company's stock after selling 3,321 shares during the period. Ausbil Investment Management Ltd's holdings in Fabrinet were worth $250,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FN. Maseco LLP purchased a new position in Fabrinet during the 2nd quarter worth $25,000. Banque Cantonale Vaudoise purchased a new position in Fabrinet during the first quarter worth approximately $29,000. Wayfinding Financial LLC purchased a new position in Fabrinet during the first quarter worth approximately $30,000. Berbice Capital Management LLC acquired a new position in shares of Fabrinet during the first quarter valued at approximately $30,000. Finally, Private Trust Co. NA raised its holdings 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 acquiring an additional 51 shares during the last quarter. 97.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fabrinet

In other news, EVP Edward T. Archer sold 3,333 shares of Fabrinet stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $354.48, for a total transaction of $1,181,481.84. Following the sale, the executive vice president owned 6,644 shares in the company, valued at approximately $2,355,165.12. The trade was a 33.41% decrease in their ownership of the stock. The transaction 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 business'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 transaction, the chief operating officer owned 13,983 shares in the company, valued at $4,966,062.45. This trade represents a 50.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,049 shares of company stock worth $9,360,401 over the last ninety days. Corporate insiders own 0.38% of the company's stock.

Fabrinet Stock Performance

Shares of Fabrinet stock opened at $360.66 on Friday. The firm has a market capitalization of $12.89 billion, a price-to-earnings ratio of 39.29 and a beta of 1.08. Fabrinet has a fifty-two week low of $148.55 and a fifty-two week high of $397.26. The stock has a 50 day moving average of $337.08 and a 200 day moving average of $268.49.

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 analysts' consensus estimates of $2.63 by $0.02. The business had revenue of $909.69 million during 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 was up 20.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.41 earnings per share. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. Analysts forecast that Fabrinet will post 9.4 EPS for the current year.

Analyst Ratings Changes

FN has been the subject of a number of research analyst reports. B. Riley increased their target price on Fabrinet from $184.00 to $220.00 and gave the company a "neutral" rating in a report on Tuesday, August 19th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $360.00 price target on shares of Fabrinet in a report on Tuesday, August 19th. Barclays increased their price target on Fabrinet from $234.00 to $329.00 and gave the company an "equal weight" rating in a report on Tuesday, August 19th. Needham & Company LLC reaffirmed a "buy" rating and issued a $350.00 price target on shares of Fabrinet in a report on Tuesday, August 19th. Finally, JPMorgan Chase & Co. raised Fabrinet from a "neutral" rating to an "overweight" rating and increased their price target for the company from $318.00 to $345.00 in a report on Monday, August 25th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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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