Hsbc Holdings PLC Sells 2,515 Shares of Fabrinet $FN

Hsbc Holdings PLC decreased its stake in shares of Fabrinet (NYSE:FN - Free Report) by 56.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,968 shares of the technology company's stock after selling 2,515 shares during the period. Hsbc Holdings PLC's holdings in Fabrinet were worth $389,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Cetera Investment Advisers boosted its stake in Fabrinet by 11.6% during the 1st quarter. Cetera Investment Advisers now owns 13,212 shares of the technology company's stock valued at $2,610,000 after purchasing an additional 1,368 shares during the period. Atria Wealth Solutions Inc. boosted its stake in Fabrinet by 40.8% during the 1st quarter. Atria Wealth Solutions Inc. now owns 5,457 shares of the technology company's stock valued at $1,078,000 after purchasing an additional 1,582 shares during the period. Private Trust Co. NA boosted its stake in Fabrinet by 44.3% during the 1st 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. Deutsche Bank AG boosted its stake in Fabrinet by 13.9% during the 1st quarter. Deutsche Bank AG now owns 51,549 shares of the technology company's stock valued at $10,181,000 after purchasing an additional 6,272 shares during the period. Finally, KBC Group NV boosted its stake in Fabrinet by 12.1% during the 1st quarter. KBC Group NV now owns 1,594 shares of the technology company's stock valued at $315,000 after purchasing an additional 172 shares during the period. Institutional investors and hedge funds own 97.38% of the company's stock.

Fabrinet Price Performance

Shares of Fabrinet stock traded up $7.44 during midday trading on Friday, hitting $369.60. 914,614 shares of the company were exchanged, compared to its average volume of 926,050. The firm has a market cap of $13.21 billion, a P/E ratio of 40.26 and a beta of 1.08. Fabrinet has a 52 week low of $148.55 and a 52 week high of $377.56. The firm has a 50 day simple moving average of $314.73 and a 200-day simple moving average of $251.26.

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

Analyst Ratings Changes

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

Insider Activity

In other news, CEO Seamus Grady sold 9,513 shares of Fabrinet stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $329.52, for a total value of $3,134,723.76. Following the completion of the sale, the chief executive officer directly owned 46,024 shares of the company's stock, valued at approximately $15,165,828.48. This trade represents a 17.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Edward T. Archer sold 3,333 shares of Fabrinet stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $354.48, for a total value of $1,181,481.84. Following the sale, the executive vice president directly 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 27,049 shares of company stock valued at $9,360,401. Company insiders own 0.38% of the company's stock.

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.