Campbell Newman Asset Management Inc. Cuts Position in Fabrinet $FN

Key Points

• Campbell Newman Asset Management Inc. has reduced its stake in Fabrinet by 4.7%, now holding 14,914 shares valued at approximately $4.4 million.
• Several hedge funds have increased their positions in Fabrinet, with Baillie Gifford & Co. growing its stake by 16.5% recently.
• Fabrinet reported earnings per share of $2.65, exceeding analyst expectations, and has set a Q1 2026 EPS guidance of 2.750-2.900.

Campbell Newman Asset Management Inc. trimmed its stake in Fabrinet (NYSE:FN - Free Report) by 4.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,914 shares of the technology company's stock after selling 730 shares during the period. Campbell Newman Asset Management Inc.'s holdings in Fabrinet were worth $4,395,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Baillie Gifford & Co. grew its stake in 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 during the last quarter. TD Asset Management Inc boosted its holdings in shares of Fabrinet by 17.8% in the 1st quarter. TD Asset Management Inc now owns 478,104 shares of the technology company's stock valued at $94,430,000 after buying an additional 72,385 shares in the last quarter. Epoch Investment Partners Inc. boosted its holdings in shares of Fabrinet by 12.8% in the 1st quarter. Epoch Investment Partners Inc. now owns 389,247 shares of the technology company's stock valued at $76,880,000 after buying an additional 44,182 shares in the last quarter. Analog Century Management LP grew its position in shares of Fabrinet by 3.8% in the 1st quarter. Analog Century Management LP now owns 328,725 shares of the technology company's stock worth $64,926,000 after buying an additional 12,063 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Fabrinet during the 1st quarter worth approximately $64,274,000. 97.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FN has been the subject of several recent analyst reports. JPMorgan Chase & Co. upgraded shares of Fabrinet from a "neutral" rating to an "overweight" rating and raised their target price for the company from $318.00 to $345.00 in a research note on Monday, August 25th. Wolfe Research assumed coverage on Fabrinet in a report on Tuesday, July 8th. They set a "peer perform" rating for the company. Barclays raised their price objective on Fabrinet from $234.00 to $329.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 19th. Zacks Research lowered Fabrinet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 28th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $360.00 price target on shares of Fabrinet in a report on Tuesday, August 19th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Fabrinet presently has a consensus rating of "Moderate Buy" and an average target price of $312.33.

Insider Transactions at Fabrinet

In related news, EVP Edward T. Archer sold 3,333 shares of the firm's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $354.48, for a total transaction 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 $2,355,165.12. This trade represents a 33.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Seamus Grady sold 9,513 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $329.52, for a total transaction of $3,134,723.76. Following the transaction, the chief executive officer owned 46,024 shares of the company's stock, 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 have sold 27,049 shares of company stock worth $9,360,401 over the last 90 days. 0.38% of the stock is currently owned by company insiders.

Fabrinet Stock Performance

Shares of FN opened at $363.50 on Tuesday. The stock has a 50-day moving average of $338.16 and a two-hundred day moving average of $269.80. The stock has a market cap of $12.99 billion, a P/E ratio of 39.60 and a beta of 1.08. Fabrinet has a one year low of $148.55 and a one year high of $397.26.

Fabrinet (NYSE:FN - Get Free Report) last announced 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. Fabrinet had a return on equity of 17.77% and a net margin of 9.72%.The business had revenue of $909.69 million for the quarter, compared to analyst estimates of $880.19 million. During the same period in the prior year, the company earned $2.41 earnings per share. The company's revenue was up 20.8% on a year-over-year basis. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. Analysts predict that Fabrinet will post 9.4 EPS for the current fiscal year.

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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