Fabrinet $FN Shares Sold by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. sold 3,996 shares of Fabrinet, reducing its stake by 73.2%, leaving it with 1,461 shares worth approximately $431,000.
• Fabrinet reported a quarterly revenue of $909.69 million, exceeding analysts' estimates of $880.19 million, and set guidance for Q1 2026 EPS between $2.750-2.900.
• CEO Seamus Grady sold 9,513 shares of Fabrinet at an average price of $329.52, significantly reducing his ownership by 17.13%.

Atria Wealth Solutions Inc. decreased its stake in Fabrinet (NYSE:FN - Free Report) by 73.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,461 shares of the technology company's stock after selling 3,996 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Fabrinet were worth $431,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Maseco LLP acquired a new stake in shares of Fabrinet in the second quarter valued at about $25,000. Banque Cantonale Vaudoise acquired a new stake in shares of Fabrinet in the first quarter valued at about $29,000. Wayfinding Financial LLC acquired a new stake in shares of Fabrinet in the first quarter valued at about $30,000. Berbice Capital Management LLC acquired a new stake in shares of Fabrinet in the first quarter valued at about $30,000. Finally, Private Trust Co. NA grew its position in shares of 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 period. Institutional investors and hedge funds own 97.38% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on FN shares. Zacks Research lowered shares of Fabrinet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 28th. Barclays raised their price target on shares of Fabrinet from $234.00 to $329.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 19th. Wolfe Research assumed coverage on shares of Fabrinet in a research note on Tuesday, July 8th. They issued a "peer perform" rating on the stock. Weiss Ratings reissued a "buy (b-)" rating on shares of Fabrinet in a research note on Wednesday, October 8th. Finally, B. Riley raised their price target 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. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Fabrinet currently has an average rating of "Moderate Buy" and a consensus price target of $337.33.

Insiders Place Their Bets

In other Fabrinet news, CEO Seamus Grady sold 9,513 shares of Fabrinet 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 of the company's stock, valued at $15,165,828.48. The trade was a 17.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Edward T. Archer sold 3,333 shares of Fabrinet stock in a transaction dated 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 transaction, the executive vice president directly owned 6,644 shares in the company, valued at $2,355,165.12. This trade represents a 33.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,049 shares of company stock valued at $9,360,401 over the last ninety days. Company insiders own 0.38% of the company's stock.

Fabrinet Price Performance

Shares of FN stock opened at $407.89 on Tuesday. The firm's 50-day moving average is $356.38 and its two-hundred day moving average is $288.06. Fabrinet has a 12 month low of $148.55 and a 12 month high of $432.00. The company has a market capitalization of $14.57 billion, a PE ratio of 44.43 and a beta of 1.05.

Fabrinet (NYSE:FN - Get Free Report) last issued its earnings results on Monday, August 18th. The technology company reported $2.65 EPS 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 company had revenue of $909.69 million for the quarter, compared to the consensus estimate of $880.19 million. During the same period in the previous year, the firm earned $2.41 earnings per share. Fabrinet's quarterly revenue was up 20.8% compared to the same quarter last year. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. Sell-side analysts forecast 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.

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