Intech Investment Management LLC Has $6.34 Million Position in Fabrinet $FN

Key Points

• Intech Investment Management LLC reduced its stake in Fabrinet by 5.9%, selling 2,006 shares, and now owns 32,082 shares worth approximately $6.34 million.
• Fabrinet has received mixed analyst ratings, with a current average rating of "Moderate Buy" and price targets ranging significantly from $220.00 to $360.00.
• Insider trading activity was noted, with both the EVP and CEO selling significant amounts of their stock, totaling over $4 million, resulting in decreases in their ownership percentages.

Intech Investment Management LLC lowered its stake in Fabrinet (NYSE:FN - Free Report) by 5.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,082 shares of the technology company's stock after selling 2,006 shares during the period. Intech Investment Management LLC owned approximately 0.09% of Fabrinet worth $6,337,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Private Trust Co. NA increased its holdings 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 buying an additional 51 shares in the last quarter. CreativeOne Wealth LLC grew its position in Fabrinet by 4.9% during the 1st quarter. CreativeOne Wealth LLC now owns 1,148 shares of the technology company's stock worth $227,000 after purchasing an additional 54 shares in the last quarter. State of Alaska Department of Revenue grew its position in Fabrinet by 1.7% during the 1st quarter. State of Alaska Department of Revenue now owns 4,205 shares of the technology company's stock worth $830,000 after purchasing an additional 70 shares in the last quarter. Henry James International Management Inc. grew its position in Fabrinet by 5.6% during the 1st quarter. Henry James International Management Inc. now owns 1,317 shares of the technology company's stock worth $260,000 after purchasing an additional 70 shares in the last quarter. Finally, Illumine Investment Management LLC grew its position in Fabrinet by 2.2% during the 1st quarter. Illumine Investment Management LLC now owns 3,461 shares of the technology company's stock worth $684,000 after purchasing an additional 75 shares in the last quarter. Institutional investors own 97.38% of the company's stock.

Analyst Ratings Changes

FN has been the topic of several research analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $350.00 price objective on shares of Fabrinet in a research report on Tuesday, August 19th. Barclays lifted their price objective on shares of Fabrinet from $234.00 to $329.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 19th. Rosenblatt Securities restated a "buy" rating and set a $360.00 price target on shares of Fabrinet in a report on Tuesday, August 19th. Wolfe Research began coverage on shares of Fabrinet in a report on Tuesday, July 8th. They set a "peer perform" rating on the stock. Finally, B. Riley boosted their price target on shares of Fabrinet from $184.00 to $220.00 and gave the company a "neutral" rating in a report on Tuesday, August 19th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $312.33.

Fabrinet Price Performance

NYSE:FN traded down $2.37 during trading hours on Tuesday, reaching $356.63. The company's stock had a trading volume of 540,768 shares, compared to its average volume of 732,262. The company has a market cap of $12.74 billion, a price-to-earnings ratio of 38.85 and a beta of 1.08. Fabrinet has a one year low of $148.55 and a one year high of $380.01. The business's 50-day moving average is $323.74 and its 200-day moving average is $257.84.

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

Insiders Place Their Bets

In other Fabrinet news, CEO Seamus Grady sold 9,513 shares of the business's stock in a transaction 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 owned 46,024 shares of the company's stock, valued at $15,165,828.48. The trade was a 17.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Harpal Gill sold 14,203 shares of the business's stock in a transaction 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 transaction, the chief operating officer directly owned 13,983 shares of the company's stock, valued at approximately $4,966,062.45. This represents a 50.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,049 shares of company stock valued at $9,360,401 in the last quarter. 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.