Clark Capital Management Group Inc. Has $46.45 Million Stock Holdings in Fabrinet $FN

Key Points

• Clark Capital Management Group Inc. increased its stake in Fabrinet by 3.9%, owning approximately 0.66% of the company, valued at $46.45 million as of the last quarter.
• Several analysts have issued ratings upgrades for Fabrinet, with target prices ranging from $220.00 to $360.00, highlighting an overall consensus of a "Moderate Buy" rating.
• The company reported $2.65 EPS for the latest quarter, exceeding expectations, with revenue growth of 20.8% year-over-year and a net margin of 9.72%.

Clark Capital Management Group Inc. grew its position in shares of Fabrinet (NYSE:FN - Free Report) by 3.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 235,200 shares of the technology company's stock after buying an additional 8,814 shares during the quarter. Clark Capital Management Group Inc. owned approximately 0.66% of Fabrinet worth $46,454,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise bought a new stake in Fabrinet during the first quarter worth about $29,000. Wayfinding Financial LLC bought a new stake in Fabrinet during the first quarter worth about $30,000. Berbice Capital Management LLC bought a new stake in Fabrinet during the first quarter worth about $30,000. Private Trust Co. NA grew its stake in Fabrinet by 44.3% during the first quarter. Private Trust Co. NA now owns 166 shares of the technology company's stock worth $33,000 after buying an additional 51 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its stake in Fabrinet by 93.5% during the first quarter. SBI Securities Co. Ltd. now owns 180 shares of the technology company's stock worth $36,000 after buying an additional 87 shares during the last quarter. 97.38% of the stock is owned by institutional investors.

Fabrinet Trading Up 0.1%

Shares of FN traded up $0.42 during mid-day trading on Monday, hitting $370.45. 619,610 shares of the company traded hands, compared to its average volume of 735,834. Fabrinet has a one year low of $148.55 and a one year high of $378.17. The stock has a market capitalization of $13.24 billion, a price-to-earnings ratio of 40.35 and a beta of 1.08. The business has a 50-day moving average of $314.73 and a 200 day moving average of $251.26.

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 (EPS) for the quarter, beating 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 firm had revenue of $909.69 million for the quarter, compared to analysts' expectations of $880.19 million. During the same period last year, the firm earned $2.41 earnings per share. 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. As a group, analysts anticipate that Fabrinet will post 9.4 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on FN shares. B. Riley upped their price objective on shares of Fabrinet from $184.00 to $220.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 19th. JPMorgan Chase & Co. raised shares of Fabrinet from a "neutral" rating to an "overweight" rating and increased their price target for the company from $318.00 to $345.00 in a research note on Monday, August 25th. Zacks Research cut shares of Fabrinet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 28th. Wolfe Research began coverage on shares of Fabrinet in a research note on Tuesday, July 8th. They set a "peer perform" rating on the stock. Finally, Rosenblatt Securities reissued a "buy" rating and set a $360.00 price target on shares of Fabrinet in a research note on Tuesday, August 19th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $312.33.

Insider Buying and Selling at Fabrinet

In other Fabrinet news, COO Harpal Gill sold 14,203 shares of the firm's stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $355.15, for a total value of $5,044,195.45. Following the transaction, the chief operating officer directly owned 13,983 shares of the company's stock, valued at approximately $4,966,062.45. This trade represents a 50.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Seamus Grady sold 9,513 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 46,024 shares in the company, valued at approximately $15,165,828.48. The trade was a 17.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,049 shares of company stock valued at $9,360,401. 0.38% of the stock is currently owned by 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.