Deutsche Bank AG Purchases 6,272 Shares of Fabrinet $FN

Key Points

• Deutsche Bank AG increased its stake in Fabrinet by 13.9% during the first quarter, acquiring an additional 6,272 shares, bringing its total ownership to 51,549 shares valued at approximately $10.2 million.
• Several institutional investors, including Banque Cantonale Vaudoise and Berbice Capital Management, recently established new positions in Fabrinet, contributing to a collective institutional ownership of 97.38% of the company's shares.
• Analysts have set varied price targets for Fabrinet, with JPMorgan raising its target from $235 to $318 while maintaining a neutral rating, amid an overall average target price of $261.33.

Deutsche Bank AG boosted its position in shares of Fabrinet (NYSE:FN - Free Report) by 13.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 51,549 shares of the technology company's stock after purchasing an additional 6,272 shares during the quarter. Deutsche Bank AG owned approximately 0.14% of Fabrinet worth $10,181,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in FN. Private Trust Co. NA increased its stake in Fabrinet by 44.3% in the first quarter. Private Trust Co. NA now owns 166 shares of the technology company's stock valued at $33,000 after purchasing an additional 51 shares during the last quarter. State of Alaska Department of Revenue grew 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 worth $830,000 after buying an additional 70 shares in the last quarter. Henry James International Management Inc. grew its position in shares of Fabrinet by 5.6% during the first quarter. Henry James International Management Inc. now owns 1,317 shares of the technology company's stock worth $260,000 after buying an additional 70 shares in the last quarter. Illumine Investment Management LLC grew its position in shares of Fabrinet by 2.2% during the first quarter. Illumine Investment Management LLC now owns 3,461 shares of the technology company's stock worth $684,000 after buying an additional 75 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in Fabrinet by 14.3% in the first quarter. Signaturefd LLC now owns 609 shares of the technology company's stock worth $120,000 after purchasing an additional 76 shares during the period. 97.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fabrinet

In other Fabrinet news, COO Harpal Gill sold 18,675 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $240.00, for a total transaction of $4,482,000.00. Following the transaction, the chief operating officer owned 18,068 shares of the company's stock, valued at $4,336,320. The trade was a 50.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.38% of the stock is owned by company insiders.

Fabrinet Price Performance

Shares of NYSE FN traded down $38.3170 during trading hours on Tuesday, reaching $288.8030. The stock had a trading volume of 1,643,807 shares, compared to its average volume of 718,726. The business's fifty day moving average is $298.58 and its two-hundred day moving average is $241.11. The company has a market cap of $10.35 billion, a price-to-earnings ratio of 32.06 and a beta of 1.02. Fabrinet has a twelve month low of $148.55 and a twelve month high of $356.55.

Fabrinet (NYSE:FN - Get Free Report) last announced its earnings results on Monday, August 18th. The technology company reported $2.65 EPS 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 analysts' expectations of $880.19 million. Fabrinet had a return on equity of 17.99% and a net margin of 10.00%.The business's revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.41 earnings per share. 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 fiscal year.

Wall Street Analyst Weigh In

FN has been the topic of a number of recent research reports. Barclays raised their target price on Fabrinet from $234.00 to $329.00 and gave the company an "equal weight" rating in a research note on Tuesday. Needham & Company LLC reaffirmed a "buy" rating and set a $350.00 target price on shares of Fabrinet in a report on Tuesday. Wolfe Research assumed coverage on Fabrinet in a report on Tuesday, July 8th. They set a "peer perform" rating on the stock. Rosenblatt Securities reissued a "buy" rating and issued a $360.00 price target on shares of Fabrinet in a research note on Tuesday. Finally, JPMorgan Chase & Co. lifted their target price on Fabrinet from $235.00 to $318.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $307.83.

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.