Kestra Investment Management LLC Increases Position in Fabrinet $FN

Key Points

• Kestra Investment Management LLC increased its position in Fabrinet (NYSE:FN) by 94.3% in Q1, acquiring an additional 1,034 shares, bringing their total holdings to 2,131 shares valued at $421,000.
• Several institutional investors, including Banque Cantonale Vaudoise and Berbice Capital Management LLC, have also modified their stakes in Fabrinet, with institutional ownership now at 97.38%.
• Fabrinet reported a quarterly earnings per share of $2.65, surpassing analysts' estimates, and provided Q1 2026 guidance of 2.750-2.900 EPS, with a revenue increase of 20.8% year-over-year.

Kestra Investment Management LLC lifted its stake in Fabrinet (NYSE:FN - Free Report) by 94.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,131 shares of the technology company's stock after purchasing an additional 1,034 shares during the period. Kestra Investment Management LLC's holdings in Fabrinet were worth $421,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cetera Investment Advisers boosted its holdings in Fabrinet by 11.6% in the 1st quarter. Cetera Investment Advisers now owns 13,212 shares of the technology company's stock worth $2,610,000 after buying an additional 1,368 shares during the period. Atria Wealth Solutions Inc. boosted its holdings in Fabrinet by 40.8% in the 1st quarter. Atria Wealth Solutions Inc. now owns 5,457 shares of the technology company's stock worth $1,078,000 after buying an additional 1,582 shares during the period. Private Trust Co. NA boosted its holdings in 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 buying an additional 51 shares during the period. Canada Pension Plan Investment Board boosted its holdings in Fabrinet by 76.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 69,400 shares of the technology company's stock worth $13,707,000 after buying an additional 30,000 shares during the period. Finally, Deutsche Bank AG boosted its holdings in Fabrinet by 13.9% in the 1st quarter. Deutsche Bank AG now owns 51,549 shares of the technology company's stock worth $10,181,000 after buying an additional 6,272 shares during the period. Institutional investors own 97.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on FN shares. Zacks Research downgraded shares of Fabrinet from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 28th. Barclays increased their price objective on shares of Fabrinet from $234.00 to $329.00 and gave the company an "equal weight" rating in a report on Tuesday, August 19th. B. Riley increased their price objective on shares of Fabrinet from $184.00 to $220.00 and gave the company a "neutral" rating in a report on Tuesday, August 19th. JPMorgan Chase & Co. raised shares of Fabrinet from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $318.00 to $345.00 in a report on Monday, August 25th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $360.00 price target on shares of Fabrinet in a report on Tuesday, August 19th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Fabrinet currently has an average rating of "Moderate Buy" and a consensus price target of $312.33.

Fabrinet Stock Down 1.0%

FN stock traded down $3.71 during trading on Friday, hitting $358.45. 857,554 shares of the company's stock traded hands, compared to its average volume of 734,523. The firm has a market capitalization of $12.81 billion, a P/E ratio of 39.05 and a beta of 1.08. The business has a fifty day simple moving average of $320.95 and a two-hundred day simple moving average of $254.95. Fabrinet has a 1 year low of $148.55 and a 1 year high of $380.01.

Fabrinet (NYSE:FN - Get Free Report) last released its quarterly 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 net margin of 9.72% and a return on equity of 17.77%. The business had revenue of $909.69 million for the quarter, compared to analyst estimates of $880.19 million. During the same period in the previous year, the company earned $2.41 earnings per share. The business's revenue for the quarter was up 20.8% on a year-over-year basis. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. On average, equities research analysts predict that Fabrinet will post 9.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other Fabrinet news, EVP Edward T. Archer sold 3,333 shares of Fabrinet stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $354.48, for a total value of $1,181,481.84. Following the transaction, the executive vice president directly owned 6,644 shares of the company's stock, valued at approximately $2,355,165.12. The trade was a 33.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $3,134,723.76. Following the completion of the transaction, the chief executive officer directly owned 46,024 shares in the company, valued at $15,165,828.48. This represents a 17.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,049 shares of company stock valued at $9,360,401. 0.38% of the stock is currently owned by insiders.

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.