Perbak Capital Partners LLP Buys New Position in Fabrinet $FN

Key Points

• Perbak Capital Partners LLP acquired 1,625 shares of Fabrinet, valued at approximately $321,000, signaling increased institutional investment in the technology company.
• Fabrinet's CEO, Seamus Grady, sold 9,513 shares for over $3.1 million, reflecting a 17.13% decrease in his ownership position.
• Analysts have mixed opinions on Fabrinet, with price targets ranging from $220.00 to $360.00 and an overall rating of "Moderate Buy" as per consensus estimates.

Perbak Capital Partners LLP bought a new stake in Fabrinet (NYSE:FN - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,625 shares of the technology company's stock, valued at approximately $321,000.

A number of other large investors have also modified their holdings of FN. Banque Cantonale Vaudoise acquired a new position in shares of Fabrinet in the first quarter valued at $29,000. Wayfinding Financial LLC bought a new position in Fabrinet in the first quarter valued at about $30,000. Berbice Capital Management LLC bought a new position in Fabrinet in the first quarter valued at about $30,000. Private Trust Co. NA boosted its holdings in 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 acquiring an additional 51 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in Fabrinet by 93.5% during the first quarter. SBI Securities Co. Ltd. now owns 180 shares of the technology company's stock worth $36,000 after buying an additional 87 shares during the last quarter. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Fabrinet news, COO Harpal Gill sold 14,203 shares of the company'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 completion of the transaction, the chief operating officer owned 13,983 shares of the company's stock, valued at $4,966,062.45. This represents a 50.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Edward T. Archer sold 3,333 shares of the company'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 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 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 90 days. Corporate insiders own 0.38% of the company's stock.

Wall Street Analysts Forecast Growth

FN has been the topic of a number of recent analyst reports. Needham & Company LLC restated a "buy" rating and set a $350.00 target price on shares of Fabrinet in a report on Tuesday, August 19th. Zacks Research cut Fabrinet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 28th. B. Riley boosted their price target on Fabrinet from $184.00 to $220.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 19th. Barclays boosted their price target on Fabrinet from $234.00 to $329.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 19th. Finally, Wolfe Research began coverage on Fabrinet in a research report on Tuesday, July 8th. They set a "peer perform" rating on the stock. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Fabrinet presently has a consensus rating of "Moderate Buy" and an average price target of $312.33.

Fabrinet Stock Performance

Shares of Fabrinet stock traded up $7.44 during trading on Friday, reaching $369.60. 914,614 shares of the company's stock were exchanged, compared to its average volume of 914,497. Fabrinet has a 1-year low of $148.55 and a 1-year high of $377.56. The company has a market cap of $13.21 billion, a P/E ratio of 40.26 and a beta of 1.08. The firm's 50-day moving average price is $314.73 and its 200 day moving average price is $251.03.

Fabrinet (NYSE:FN - Get Free Report) last posted 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 return on equity of 17.77% and a net margin of 9.72%.The company 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 firm earned $2.41 EPS. Fabrinet's 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, equities research analysts predict that Fabrinet will post 9.4 EPS for the current year.

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.