KLP Kapitalforvaltning AS Boosts Stock Holdings in Fabrinet $FN

Key Points

• KLP Kapitalforvaltning AS increased its holdings in Fabrinet by 18.4%, acquiring an additional 1,400 shares, bringing its total to 9,000 shares valued at approximately $2.652 million.
• Multiple institutional investors have significantly boosted their stakes in Fabrinet, with the Public Employees Retirement System of Ohio increasing its ownership by a remarkable 7,738.3% during the same period.
• Fabrinet's recent quarterly earnings exceeded expectations, reporting $2.65 EPS against a consensus estimate of $2.63 EPS, reflecting a 20.8% increase in revenue year-over-year.

KLP Kapitalforvaltning AS raised its holdings in Fabrinet (NYSE:FN - Free Report) by 18.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,000 shares of the technology company's stock after purchasing an additional 1,400 shares during the period. KLP Kapitalforvaltning AS's holdings in Fabrinet were worth $2,652,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Penobscot Investment Management Company Inc. increased its stake in shares of Fabrinet by 159.0% in the second quarter. Penobscot Investment Management Company Inc. now owns 3,030 shares of the technology company's stock worth $893,000 after purchasing an additional 1,860 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of Fabrinet by 178.9% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 133,084 shares of the technology company's stock worth $39,217,000 after purchasing an additional 85,359 shares in the last quarter. Archford Capital Strategies LLC purchased a new position in shares of Fabrinet in the second quarter worth about $223,000. Avior Wealth Management LLC purchased a new position in shares of Fabrinet in the second quarter worth about $490,000. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Fabrinet by 7,738.3% in the second quarter. Public Employees Retirement System of Ohio now owns 21,477 shares of the technology company's stock worth $6,329,000 after purchasing an additional 21,203 shares in the last quarter. Hedge funds and other institutional investors own 97.38% of the company's stock.

Wall Street Analysts Forecast Growth

FN has been the subject of several recent research reports. Weiss Ratings reiterated a "buy (b-)" rating on shares of Fabrinet in a research note on Wednesday. Rosenblatt Securities boosted their price objective on shares of Fabrinet from $360.00 to $425.00 and gave the company a "buy" rating in a research note on Thursday, October 2nd. Zacks Research cut shares of Fabrinet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 28th. Barclays boosted their price objective on shares of Fabrinet from $234.00 to $329.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 19th. Finally, Wolfe Research initiated coverage on shares of Fabrinet in a research note on Tuesday, July 8th. They set a "peer perform" rating for the company. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $323.17.

Fabrinet Price Performance

FN stock opened at $362.92 on Friday. Fabrinet has a one year low of $148.55 and a one year high of $397.26. The stock has a market cap of $12.97 billion, a PE ratio of 39.53 and a beta of 1.05. The firm has a 50 day simple moving average of $348.70 and a two-hundred day simple moving average of $278.81.

Fabrinet (NYSE:FN - Get Free Report) last released its quarterly earnings results on Monday, August 18th. The technology company reported $2.65 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $880.19 million. During the same quarter in the previous year, the company earned $2.41 EPS. The business's quarterly revenue was up 20.8% compared to the same quarter last year. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. On average, research analysts expect 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 that occurred on Wednesday, August 27th. The shares were sold at an average price of $329.52, for a total value 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Harpal Gill sold 14,203 shares of the business's 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 completion of the sale, the chief operating officer owned 13,983 shares of the company's stock, valued at approximately $4,966,062.45. The trade was a 50.39% decrease in their ownership of the stock. 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. Corporate 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.

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