Avior Wealth Management LLC Makes New Investment in Fabrinet $FN

Key Points

• Avior Wealth Management LLC acquired a new stake in Fabrinet valued at approximately $490,000 during the second quarter, buying 1,662 shares of the technology company.
• Fabrinet's stock opened at $364.14 and has a market capitalization of $13.01 billion, with a year-high of $397.26 and a year-low of $148.55.
• Fabrinet reported quarterly earnings of $2.65 EPS, surpassing estimates, and has projected guidance for Q1 2026 EPS at between 2.750 and 2.900.

Avior Wealth Management LLC acquired a new stake in shares of Fabrinet (NYSE:FN - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,662 shares of the technology company's stock, valued at approximately $490,000.

Other large investors have also modified their holdings of the company. Maseco LLP purchased a new stake in Fabrinet in the second quarter valued at approximately $25,000. Banque Cantonale Vaudoise acquired a new position in shares of Fabrinet in the 1st quarter valued at $29,000. Wayfinding Financial LLC purchased a new stake in shares of Fabrinet during the 1st quarter valued at $30,000. Berbice Capital Management LLC acquired a new stake in shares of Fabrinet during the 1st quarter worth $30,000. Finally, Private Trust Co. NA raised its position in shares of Fabrinet by 44.3% in the 1st quarter. Private Trust Co. NA now owns 166 shares of the technology company's stock worth $33,000 after buying an additional 51 shares during the period. 97.38% of the stock is currently owned by hedge funds and other institutional investors.

Fabrinet Stock Performance

Fabrinet stock opened at $364.14 on Wednesday. The firm has a market capitalization of $13.01 billion, a PE ratio of 39.67 and a beta of 1.08. Fabrinet has a one year low of $148.55 and a one year high of $397.26. The stock's 50 day moving average price is $339.42 and its 200 day moving average price is $270.46.

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 (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.02. Fabrinet had a net margin of 9.72% and a return on equity of 17.77%. The company had revenue of $909.69 million during the quarter, compared to the consensus estimate of $880.19 million. During the same quarter last year, the company earned $2.41 earnings per share. Fabrinet's revenue for the quarter was up 20.8% on a year-over-year basis. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. On average, analysts forecast that Fabrinet will post 9.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FN. Needham & Company LLC reissued a "buy" rating and set a $350.00 price target on shares of Fabrinet in a research report on Tuesday, August 19th. JPMorgan Chase & Co. upgraded Fabrinet from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $318.00 to $345.00 in a report on Monday, August 25th. Zacks Research downgraded shares of Fabrinet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 28th. Barclays raised their price target on shares of Fabrinet from $234.00 to $329.00 and gave the company an "equal weight" rating in a report on Tuesday, August 19th. Finally, B. Riley boosted their price objective on shares of Fabrinet from $184.00 to $220.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 19th. Four equities research 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 a consensus rating of "Moderate Buy" and an average target price of $312.33.

Insider Buying and Selling at Fabrinet

In related news, EVP Edward T. Archer sold 3,333 shares of the stock in a transaction dated 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 of the company's stock, 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 SEC, which is accessible through this link. Also, CEO Seamus Grady sold 9,513 shares of Fabrinet stock in a transaction that occurred 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 sale, the chief executive officer owned 46,024 shares in the company, valued at $15,165,828.48. This represents a 17.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,049 shares of company stock valued at $9,360,401 in the last ninety days. Insiders own 0.38% of the company's stock.

Fabrinet 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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