Pallas Capital Advisors LLC Makes New $230,000 Investment in Fabrinet $FN

Key Points

• Pallas Capital Advisors LLC has made a new investment in Fabrinet, acquiring 782 shares worth approximately $230,000 in the second quarter.
• Insider transactions included CEO Seamus Grady selling over 9,500 shares for about $3.1 million, and COO Harpal Gill selling around 14,200 shares, marking significant decreases in their positions.
• Fabrinet reported a 20.8% year-over-year revenue growth of $909.69 million for the last quarter, exceeding analysts' expectations.

Pallas Capital Advisors LLC bought a new position in Fabrinet (NYSE:FN - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 782 shares of the technology company's stock, valued at approximately $230,000.

A number of other large investors have also recently bought and sold shares of FN. Banque Cantonale Vaudoise acquired a new stake in Fabrinet during the first quarter worth about $29,000. Berbice Capital Management LLC acquired a new stake in Fabrinet in the 1st quarter valued at about $30,000. Wayfinding Financial LLC bought a new stake in shares of Fabrinet during the first quarter worth $30,000. Private Trust Co. NA grew its stake in shares of Fabrinet by 44.3% during the first quarter. Private Trust Co. NA now owns 166 shares of the technology company's stock worth $33,000 after purchasing an additional 51 shares during the period. Finally, SBI Securities Co. Ltd. grew its holdings 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 valued at $36,000 after buying an additional 87 shares during the period. 97.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Fabrinet

In other Fabrinet news, CEO Seamus Grady sold 9,513 shares of Fabrinet stock in a transaction dated 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 owned 46,024 shares in the company, valued at approximately $15,165,828.48. The trade was a 17.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Harpal Gill sold 14,203 shares of the firm's stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $355.15, for a total value of $5,044,195.45. Following the completion of the transaction, the chief operating officer owned 13,983 shares in the company, valued at $4,966,062.45. This represents a 50.39% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,049 shares of company stock worth $9,360,401. Insiders own 0.38% of the company's stock.

Fabrinet Trading Up 1.8%

FN opened at $390.01 on Tuesday. The company's fifty day moving average price is $332.09 and its two-hundred day moving average price is $264.20. Fabrinet has a 1-year low of $148.55 and a 1-year high of $391.12. The company has a market cap of $13.94 billion, a price-to-earnings ratio of 42.48 and a beta of 1.08.

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. The company had revenue of $909.69 million during the quarter, compared to the consensus estimate of $880.19 million. Fabrinet had a net margin of 9.72% and a return on equity of 17.77%. The firm's revenue for the quarter was up 20.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.41 earnings per share. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. As a group, equities analysts forecast that Fabrinet will post 9.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

FN has been the topic of a number of analyst reports. Zacks Research cut Fabrinet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 28th. Needham & Company LLC restated a "buy" rating and issued a $350.00 target price on shares of Fabrinet in a research report on Tuesday, August 19th. JPMorgan Chase & Co. upgraded Fabrinet from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $318.00 to $345.00 in a report on Monday, August 25th. Barclays raised their price target on shares of Fabrinet from $234.00 to $329.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 19th. Finally, Wolfe Research started coverage on shares of Fabrinet in a report on Tuesday, July 8th. They set a "peer perform" rating for the company. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $312.33.

Fabrinet Profile

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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