Analog Century Management LP Increases Stake in Fabrinet $FN

Key Points

• Analog Century Management LP increased its stake in Fabrinet by 3.8%, acquiring an additional 12,063 shares, making it the 6th largest holding in their portfolio.
• Fabrinet's recent quarterly earnings showed revenue of $909.69 million and an EPS of $2.65, above analyst estimates, indicating a year-over-year revenue growth of 20.8%.
• Wall Street analysts have a Moderate Buy consensus rating on Fabrinet, with price targets ranging from $220.00 to $350.00.

Analog Century Management LP boosted its holdings in Fabrinet (NYSE:FN - Free Report) by 3.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 328,725 shares of the technology company's stock after buying an additional 12,063 shares during the period. Fabrinet makes up about 5.3% of Analog Century Management LP's investment portfolio, making the stock its 6th biggest position. Analog Century Management LP owned approximately 0.92% of Fabrinet worth $64,926,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. First Trust Advisors LP raised its holdings in Fabrinet by 96.0% in the fourth quarter. First Trust Advisors LP now owns 2,413 shares of the technology company's stock worth $531,000 after purchasing an additional 1,182 shares during the period. Voya Investment Management LLC raised its holdings in Fabrinet by 27.5% in the fourth quarter. Voya Investment Management LLC now owns 24,437 shares of the technology company's stock worth $5,373,000 after purchasing an additional 5,271 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in shares of Fabrinet during the fourth quarter worth $460,000. Quarry LP increased its position in shares of Fabrinet by 315.8% during the fourth quarter. Quarry LP now owns 237 shares of the technology company's stock worth $52,000 after acquiring an additional 180 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Fabrinet by 14.6% during the fourth quarter. Northern Trust Corp now owns 499,356 shares of the technology company's stock worth $109,798,000 after acquiring an additional 63,686 shares in the last quarter. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FN shares. Rosenblatt Securities reissued a "buy" rating and set a $360.00 price objective on shares of Fabrinet in a research report on Tuesday, August 19th. Barclays increased their price objective on shares of Fabrinet from $234.00 to $329.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 19th. B. Riley increased their price objective on shares of Fabrinet from $184.00 to $220.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 19th. Wolfe Research began coverage on shares of Fabrinet in a research report on Tuesday, July 8th. They issued a "peer perform" rating for the company. Finally, Zacks Research downgraded shares of Fabrinet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 28th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Fabrinet currently has a consensus rating of "Moderate Buy" and an average price target of $312.33.

Fabrinet Trading Up 1.2%

Shares of FN traded up $3.88 during midday trading on Tuesday, reaching $335.17. The stock had a trading volume of 737,039 shares, compared to its average volume of 736,669. The firm has a 50 day simple moving average of $309.82 and a 200-day simple moving average of $247.97. Fabrinet has a one year low of $148.55 and a one year high of $360.00. The firm has a market cap of $11.98 billion, a PE ratio of 36.51 and a beta of 1.08.

Fabrinet (NYSE:FN - Get Free Report) last announced its quarterly earnings data on Monday, August 18th. The technology company reported $2.65 EPS for the quarter, beating analysts' consensus estimates of $2.63 by $0.02. The company had revenue of $909.69 million during the quarter, compared to the consensus estimate of $880.19 million. Fabrinet had a net margin of 9.72% and a return on equity of 17.77%. The company's quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.41 EPS. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. As a group, research analysts forecast that Fabrinet will post 9.4 EPS for the current fiscal year.

Insider Transactions at Fabrinet

In other news, COO Harpal Gill sold 18,675 shares of the firm's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $240.00, for a total transaction of $4,482,000.00. Following the completion of the sale, the chief operating officer owned 18,068 shares in the company, valued at approximately $4,336,320. This trade represents a 50.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Seamus Grady sold 9,513 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer owned 46,024 shares of the company's stock, valued at approximately $15,165,828.48. This represents a 17.13% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.38% of the company's stock.

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.