Quantitative Investment Management LLC Buys Shares of 2,054 Fabrinet $FN

Key Points

• Quantitative Investment Management LLC has made a new investment of approximately $405,000 in Fabrinet, acquiring 2,054 shares as per their recent Form 13F filing.
• A significant insider transaction occurred when COO Harpal Gill sold 18,675 shares on June 4th, resulting in a 50.83% decrease in his holdings.
• Fabrinet reported earnings per share of $2.65 for the last quarter, exceeding analysts' expectations and showing a 20.8% increase in revenue year-over-year.

Quantitative Investment Management LLC acquired a new position in shares of Fabrinet (NYSE:FN - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,054 shares of the technology company's stock, valued at approximately $405,000.

A number of other institutional investors have also recently bought and sold shares of the business. Banque Cantonale Vaudoise acquired a new position in shares of Fabrinet in the 1st quarter valued at about $29,000. Wayfinding Financial LLC acquired a new position in shares of Fabrinet in the 1st quarter valued at about $30,000. Berbice Capital Management LLC acquired a new position in shares of Fabrinet in the 1st quarter valued at about $30,000. Private Trust Co. NA increased its holdings 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 valued at $33,000 after purchasing an additional 51 shares during the period. Finally, SBI Securities Co. Ltd. increased 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 purchasing an additional 87 shares during the period. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fabrinet

In other news, COO Harpal Gill sold 18,675 shares of Fabrinet stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $240.00, for a total transaction of $4,482,000.00. Following the transaction, the chief operating officer owned 18,068 shares in the company, valued at $4,336,320. The trade was a 50.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.38% of the stock is owned by company insiders.

Fabrinet Stock Performance

FN traded down $24.12 during midday trading on Friday, reaching $330.93. 1,004,118 shares of the company were exchanged, compared to its average volume of 736,666. Fabrinet has a one year low of $148.55 and a one year high of $360.00. The stock has a market capitalization of $11.82 billion, a P/E ratio of 36.05 and a beta of 1.02. The stock's 50-day simple moving average is $307.31 and its 200 day simple moving average is $245.89.

Fabrinet (NYSE:FN - Get Free Report) last issued its earnings results on Monday, August 18th. The technology company reported $2.65 earnings per share (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 firm had revenue of $909.69 million for the quarter, compared to analysts' expectations of $880.19 million. During the same quarter last year, the business earned $2.41 earnings per share. The company's 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 anticipate that Fabrinet will post 9.4 earnings per share for the current year.

Wall Street Analyst Weigh In

FN has been the topic of a number of research reports. Needham & Company LLC reiterated a "buy" rating and issued a $350.00 target price on shares of Fabrinet in a report on Tuesday, August 19th. JPMorgan Chase & Co. upgraded Fabrinet from a "neutral" rating to an "overweight" rating and upped their target price for the company from $318.00 to $345.00 in a report on Monday. Barclays upped their target price on Fabrinet from $234.00 to $329.00 and gave the company an "equal weight" rating in a report on Tuesday, August 19th. Wolfe Research initiated coverage on Fabrinet in a report on Tuesday, July 8th. They issued a "peer perform" rating on the stock. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $360.00 target price on shares of Fabrinet in a report on Tuesday, August 19th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Fabrinet presently has an average rating of "Moderate Buy" and a consensus 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.