Intech Investment Management LLC Decreases Stock 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 holdings in Fabrinet (NYSE:FN - Free Report) by 5.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,082 shares of the technology company's stock after selling 2,006 shares during the quarter. Intech Investment Management LLC owned 0.09% of Fabrinet worth $6,337,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Banque Cantonale Vaudoise bought a new stake in shares of Fabrinet in the 1st quarter worth approximately $29,000. Berbice Capital Management LLC bought a new stake in shares of Fabrinet in the 1st quarter worth approximately $30,000. Wayfinding Financial LLC bought a new stake in shares of Fabrinet in the 1st quarter worth approximately $30,000. Private Trust Co. NA lifted its position in shares of Fabrinet by 44.3% in the 1st quarter. Private Trust Co. NA now owns 166 shares of the technology company's stock worth $33,000 after acquiring an additional 51 shares during the period. Finally, SBI Securities Co. Ltd. lifted its position in shares of Fabrinet by 93.5% in the 1st quarter. SBI Securities Co. Ltd. now owns 180 shares of the technology company's stock worth $36,000 after acquiring an additional 87 shares during the period. Institutional investors and hedge funds own 97.38% of the company's stock.

Insider Buying and Selling

In related news, COO Harpal Gill sold 14,203 shares of the firm's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $355.15, for a total value of $5,044,195.45. Following the sale, the chief operating officer directly owned 13,983 shares of the company's stock, valued at $4,966,062.45. This trade represents a 50.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Edward T. Archer sold 3,333 shares of the firm's stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 6,644 shares in the company, valued at $2,355,165.12. The trade was 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. 0.38% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

FN has been the subject of several analyst reports. Barclays raised their target price on Fabrinet from $234.00 to $329.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 19th. Needham & Company LLC reiterated a "buy" rating and issued a $350.00 price objective on shares of Fabrinet in a research report on Tuesday, August 19th. Wolfe Research started coverage on Fabrinet in a research note on Tuesday, July 8th. They issued a "peer perform" rating for the company. Rosenblatt Securities reissued a "buy" rating and issued a $360.00 target price on shares of Fabrinet in a research note on Tuesday, August 19th. Finally, B. Riley lifted their target price on Fabrinet from $184.00 to $220.00 and gave the company a "neutral" rating in a research note on Tuesday, August 19th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Fabrinet currently has an average rating of "Moderate Buy" and an average target price of $312.33.

Fabrinet Trading Down 0.7%

Shares of FN stock traded down $2.46 during trading on Wednesday, hitting $353.07. The company's stock had a trading volume of 138,872 shares, compared to its average volume of 731,088. The company has a market cap of $12.62 billion, a PE ratio of 38.52 and a beta of 1.08. The business has a fifty day moving average of $325.13 and a 200-day moving average of $258.52. Fabrinet has a 52 week low of $148.55 and a 52 week high of $380.01.

Fabrinet (NYSE:FN - Get Free Report) last posted its earnings results on Monday, August 18th. The technology company reported $2.65 earnings per share (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 firm had revenue of $909.69 million for the quarter, compared to the consensus estimate of $880.19 million. During the same quarter in the prior year, the business posted $2.41 earnings per share. The business's quarterly revenue was up 20.8% on a year-over-year basis. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. As a group, research analysts predict that Fabrinet will post 9.4 EPS 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.