Alliancebernstein L.P. Sells 355,087 Shares of Fabrinet $FN

Key Points

• Alliancebernstein L.P. has reduced its holdings in Fabrinet by 46.3%, owning approximately 1.15% of the company after selling 355,087 shares.
• The technology company reported $909.69 million in revenue for its last quarter, exceeding analyst estimates of $880.19 million, with a 20.8% year-over-year increase.
• Insider transactions included the CEO selling 9,513 shares and the COO selling 14,203 shares, both indicating significant reductions in their ownership stakes in Fabrinet.

Alliancebernstein L.P. trimmed its stake in Fabrinet (NYSE:FN - Free Report) by 46.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 411,760 shares of the technology company's stock after selling 355,087 shares during the period. Alliancebernstein L.P. owned approximately 1.15% of Fabrinet worth $81,327,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Banque Cantonale Vaudoise bought a new position in Fabrinet during the first quarter valued at approximately $29,000. Berbice Capital Management LLC bought a new position in Fabrinet during the first quarter valued at approximately $30,000. Wayfinding Financial LLC bought a new position in Fabrinet during the first quarter valued at approximately $30,000. Private Trust Co. NA grew its position in Fabrinet by 44.3% during the first quarter. Private Trust Co. NA now owns 166 shares of the technology company's stock valued at $33,000 after acquiring an additional 51 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its position in Fabrinet by 93.5% during the first quarter. SBI Securities Co. Ltd. now owns 180 shares of the technology company's stock valued at $36,000 after acquiring an additional 87 shares during the last quarter. 97.38% of the stock is currently owned by institutional investors.

Fabrinet Stock Performance

FN stock traded down $6.70 on Thursday, reaching $365.87. The company's stock had a trading volume of 382,319 shares, compared to its average volume of 731,989. The business has a fifty day simple moving average of $319.52 and a two-hundred day simple moving average of $253.93. Fabrinet has a 12-month low of $148.55 and a 12-month high of $380.01. The firm has a market cap of $13.07 billion, a PE ratio of 39.86 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 the consensus estimate of $2.63 by $0.02. The business had revenue of $909.69 million during the quarter, compared to analyst estimates of $880.19 million. Fabrinet had a return on equity of 17.77% and a net margin of 9.72%.The company's revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.41 earnings per share. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. As a group, research analysts anticipate that Fabrinet will post 9.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Rosenblatt Securities reiterated a "buy" rating and set a $360.00 price target on shares of Fabrinet in a research report on Tuesday, August 19th. Wolfe Research assumed coverage on shares of Fabrinet in a research report on Tuesday, July 8th. They set a "peer perform" rating on the stock. JPMorgan Chase & Co. upgraded 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 report on Monday, August 25th. Barclays increased their price objective on Fabrinet from $234.00 to $329.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 19th. Finally, B. Riley increased their price objective on Fabrinet from $184.00 to $220.00 and gave the company a "neutral" rating 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 data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $312.33.

Insider Buying and Selling at Fabrinet

In other Fabrinet news, EVP Edward T. Archer sold 3,333 shares of the firm's stock in a transaction on Thursday, September 4th. The stock was 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 approximately $2,355,165.12. This trade represents a 33.41% decrease in their ownership of the stock. The sale 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 on Wednesday, August 27th. The shares were sold at an average price of $329.52, for a total value of $3,134,723.76. Following the transaction, the chief executive officer directly owned 46,024 shares of the company's stock, valued at $15,165,828.48. This represents a 17.13% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,049 shares of company stock valued at $9,360,401. 0.38% of the stock is currently owned by company insiders.

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.