Financiere des Professionnels Fonds d investissement inc. Makes New $193,000 Investment in Fabrinet $FN

Key Points

• Financiere des Professionnels Fonds d'investissement inc. invested approximately $193,000 in Fabrinet by acquiring 655 shares in the 2nd quarter.
• Fabrinet reported a 20.8% year-over-year increase in revenue with earnings per share of $2.65, exceeding analysts' estimates.
• Insider sales accounted for 27,049 shares sold within the last 90 days, while insiders now hold only 0.38% of the company's stock.

Financiere des Professionnels Fonds d investissement inc. bought a new stake in shares of Fabrinet (NYSE:FN - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 655 shares of the technology company's stock, valued at approximately $193,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in Fabrinet by 28.2% in the fourth quarter. Royal Bank of Canada now owns 158,450 shares of the technology company's stock worth $34,840,000 after purchasing an additional 34,828 shares during the period. State of Wyoming boosted its position in shares of Fabrinet by 68.7% in the 4th quarter. State of Wyoming now owns 1,117 shares of the technology company's stock valued at $246,000 after purchasing an additional 455 shares during the period. Two Sigma Advisers LP boosted its position in shares of Fabrinet by 8.6% in the 4th quarter. Two Sigma Advisers LP now owns 3,800 shares of the technology company's stock valued at $836,000 after purchasing an additional 300 shares during the period. Vident Advisory LLC boosted its position in shares of Fabrinet by 154.4% in the 4th quarter. Vident Advisory LLC now owns 3,238 shares of the technology company's stock valued at $712,000 after purchasing an additional 1,965 shares during the period. Finally, Woodline Partners LP boosted its position in shares of Fabrinet by 298.8% in the 4th quarter. Woodline Partners LP now owns 43,329 shares of the technology company's stock valued at $9,527,000 after purchasing an additional 32,465 shares during the period. 97.38% of the stock is owned by institutional investors.

Insider Buying and Selling at Fabrinet

In other Fabrinet news, CEO Seamus Grady sold 9,513 shares of the 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 transaction, the chief executive officer owned 46,024 shares in the company, valued at $15,165,828.48. This represents a 17.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Harpal Gill sold 14,203 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $355.15, for a total transaction of $5,044,195.45. Following the sale, the chief operating officer owned 13,983 shares in the company, valued at $4,966,062.45. This represents a 50.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,049 shares of company stock valued at $9,360,401 in the last three months. 0.38% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on FN shares. Wolfe Research began coverage on Fabrinet in a report on Tuesday, July 8th. They set a "peer perform" rating for the company. Rosenblatt Securities reissued a "buy" rating and set a $360.00 target price on shares of Fabrinet in a research report on Tuesday, August 19th. 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. Zacks Research cut shares of Fabrinet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 28th. Finally, JPMorgan Chase & Co. raised shares of Fabrinet from a "neutral" rating to an "overweight" rating and raised their price target for the company from $318.00 to $345.00 in a report on Monday, August 25th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $312.33.

Fabrinet Stock Up 0.5%

FN traded up $1.95 during trading on Tuesday, hitting $391.42. The company had a trading volume of 92,205 shares, compared to its average volume of 729,342. The firm's 50-day moving average price is $332.09 and its 200 day moving average price is $264.20. Fabrinet has a one year low of $148.55 and a one year high of $397.26. The company has a market capitalization of $13.99 billion, a PE ratio of 42.64 and a beta of 1.08.

Fabrinet (NYSE:FN - Get Free Report) last issued its earnings results 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. The company had revenue of $909.69 million for the quarter, compared to analysts' expectations of $880.19 million. Fabrinet had a net margin of 9.72% and a return on equity of 17.77%. Fabrinet's quarterly revenue was up 20.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.41 EPS. 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 year.

About Fabrinet

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.