DekaBank Deutsche Girozentrale Raises Stock Position in Fabrinet $FN

Key Points

• DekaBank Deutsche Girozentrale increased its holdings in Fabrinet by 3.8%, now owning 82,088 shares valued at approximately $24.27 million.
• Fabrinet's recent earnings exceeded expectations, reporting $2.65 per share for the quarter, along with a revenue of $909.69 million, marking a 20.8% year-over-year increase.
• Several analysts have upgraded their price targets for Fabrinet, with B. Riley raising it from $184.00 to $220.00, and JPMorgan lifting it significantly from $345.00 to $430.00.

DekaBank Deutsche Girozentrale boosted its position in shares of Fabrinet (NYSE:FN - Free Report) by 3.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,088 shares of the technology company's stock after purchasing an additional 3,000 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.23% of Fabrinet worth $24,274,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of Fabrinet during the first quarter valued at about $369,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Fabrinet by 4.7% during the first 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 during the last quarter. State of Alaska Department of Revenue increased its position in shares of Fabrinet by 1.7% during the first 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 during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Fabrinet by 20.2% during the first quarter. Oppenheimer Asset Management Inc. now owns 16,008 shares of the technology company's stock valued at $3,162,000 after acquiring an additional 2,685 shares during the last quarter. Finally, KBC Group NV increased its position in shares of Fabrinet by 12.1% during the first quarter. KBC Group NV now owns 1,594 shares of the technology company's stock valued at $315,000 after acquiring an additional 172 shares during the last quarter. 97.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FN. B. Riley lifted their price target on shares of Fabrinet from $184.00 to $220.00 and gave the company a "neutral" rating in a research report on Tuesday, August 19th. Zacks Research cut shares of Fabrinet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 28th. JPMorgan Chase & Co. lifted their price target on shares of Fabrinet from $345.00 to $430.00 and gave the company an "overweight" rating in a research report on Thursday, October 16th. Rosenblatt Securities lifted their price objective on shares of Fabrinet from $360.00 to $425.00 and gave the company a "buy" rating in a report on Thursday, October 2nd. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Fabrinet in a report 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 data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $337.33.

Insider Transactions at Fabrinet

In other news, CEO Seamus Grady sold 9,513 shares of the stock in a transaction dated 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 directly owned 46,024 shares in the company, valued at $15,165,828.48. This represents a 17.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Harpal Gill sold 14,203 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $355.15, for a total transaction of $5,044,195.45. Following the transaction, the chief operating officer owned 13,983 shares in the company, valued at approximately $4,966,062.45. The trade was a 50.39% decrease in their ownership of the stock. 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 in the last three months. Company insiders own 0.38% of the company's stock.

Fabrinet Stock Performance

Shares of FN opened at $398.76 on Thursday. The stock has a market capitalization of $14.25 billion, a P/E ratio of 43.44 and a beta of 1.05. The company's fifty day moving average is $358.94 and its two-hundred day moving average is $289.70. Fabrinet has a 1 year low of $148.55 and a 1 year high of $432.00.

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 analysts' consensus estimates of $2.63 by $0.02. Fabrinet had a net margin of 9.72% and a return on equity of 17.77%. The business had revenue of $909.69 million for the quarter, compared to analysts' expectations of $880.19 million. During the same period in the prior year, the company posted $2.41 EPS. The business'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. Sell-side analysts predict that Fabrinet will post 9.4 EPS for the current 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.

Want to see what other hedge funds are holding FN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fabrinet (NYSE:FN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.