Callan Family Office LLC Makes New $302,000 Investment in Fabrinet $FN

Callan Family Office LLC bought a new position in Fabrinet (NYSE:FN - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,025 shares of the technology company's stock, valued at approximately $302,000.

A number of other large investors have also bought and sold shares of the company. Nuveen LLC purchased a new position in shares of Fabrinet in the first quarter valued at $64,274,000. Baillie Gifford & Co. grew its position in shares of Fabrinet by 16.5% in the first quarter. Baillie Gifford & Co. now owns 644,557 shares of the technology company's stock valued at $127,306,000 after purchasing an additional 91,519 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in Fabrinet by 178.9% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 133,084 shares of the technology company's stock valued at $39,217,000 after buying an additional 85,359 shares during the period. Value Aligned Research Advisors LLC grew its position in Fabrinet by 240.9% during the first quarter. Value Aligned Research Advisors LLC now owns 114,443 shares of the technology company's stock worth $22,604,000 after buying an additional 80,873 shares in the last quarter. Finally, TD Asset Management Inc grew its position in Fabrinet by 17.8% during the first quarter. TD Asset Management Inc now owns 478,104 shares of the technology company's stock worth $94,430,000 after buying an additional 72,385 shares in the last quarter. 97.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on FN shares. Zacks Research cut Fabrinet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 28th. JPMorgan Chase & Co. boosted their target price on Fabrinet from $345.00 to $430.00 and gave the stock an "overweight" rating in a research report on Thursday. Barclays lifted their price target on Fabrinet from $234.00 to $329.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 19th. Rosenblatt Securities lifted their price target on Fabrinet from $360.00 to $425.00 and gave the stock a "buy" rating in a research note on Thursday, October 2nd. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Fabrinet in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $337.33.

Fabrinet Stock Performance

FN stock opened at $412.97 on Friday. Fabrinet has a fifty-two week low of $148.55 and a fifty-two week high of $432.00. The business's 50 day moving average price is $353.58 and its two-hundred day moving average price is $283.57. The company has a market capitalization of $14.76 billion, a price-to-earnings ratio of 44.99 and a beta of 1.05.

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 for the quarter, topping the consensus estimate of $2.63 by $0.02. The company had revenue of $909.69 million for the quarter, compared to the consensus estimate of $880.19 million. Fabrinet had a return on equity of 17.77% and a net margin of 9.72%.The firm's quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.41 EPS. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. Sell-side analysts forecast that Fabrinet will post 9.4 earnings per share for the current year.

Insider Activity at Fabrinet

In other news, CEO Seamus Grady sold 9,513 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $329.52, for a total transaction of $3,134,723.76. Following the transaction, the chief executive officer directly owned 46,024 shares of the company's stock, valued at $15,165,828.48. This represents a 17.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Harpal Gill sold 14,203 shares of the firm's stock in a transaction on Thursday, September 4th. The stock was 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 directly owned 13,983 shares in the company, 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. 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 corporate insiders.

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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