3,252 Shares in Fabrinet $FN Bought by Scientech Research LLC

Key Points

• Scientech Research LLC has acquired a new stake in Fabrinet, purchasing 3,252 shares valued at approximately $642,000, as reported in their recent 13F filing.
• Fabrinet's stock has seen significant interest from institutional investors, with over 97.38% of the company owned by these entities, including notable increases in holdings by several hedge funds.
• Fabrinet reported a 20.8% year-over-year revenue increase with Q1 earnings of $2.65 per share, exceeding analyst expectations, and has set a guidance target of 2.750-2.900 EPS for Q1 2026.

Scientech Research LLC acquired a new stake in Fabrinet (NYSE:FN - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,252 shares of the technology company's stock, valued at approximately $642,000.

Other institutional investors have also recently modified their holdings of the company. Banque Cantonale Vaudoise bought a new stake in shares of Fabrinet during the 1st quarter valued at $29,000. Wayfinding Financial LLC bought a new stake in shares of Fabrinet during the 1st quarter valued at $30,000. Berbice Capital Management LLC bought a new stake in shares of Fabrinet during the 1st quarter valued at $30,000. Private Trust Co. NA lifted its position in shares of Fabrinet by 44.3% during 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 last quarter. Finally, SBI Securities Co. Ltd. lifted its position in shares of Fabrinet by 93.5% during the 1st 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.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Needham & Company LLC restated a "buy" rating and set a $350.00 price objective on shares of Fabrinet in a research report on Tuesday, August 19th. Wolfe Research assumed coverage on Fabrinet in a research report on Tuesday, July 8th. They set a "peer perform" rating for the company. B. Riley upped their price objective on Fabrinet from $184.00 to $220.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 19th. Barclays increased their target price on Fabrinet from $234.00 to $329.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 19th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $360.00 target price on shares of Fabrinet in a research report on Tuesday, August 19th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Fabrinet has an average rating of "Moderate Buy" and a consensus price target of $312.33.

Insider Activity

In related news, 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 sale, the chief executive officer directly owned 46,024 shares in the company, valued at approximately $15,165,828.48. This trade represents a 17.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Harpal Gill sold 14,203 shares of Fabrinet stock in a transaction on 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 sale, the chief operating officer owned 13,983 shares in the company, valued at $4,966,062.45. This trade represents a 50.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,049 shares of company stock worth $9,360,401 over the last 90 days. 0.38% of the stock is currently owned by corporate insiders.

Fabrinet Trading Down 2.6%

NYSE FN traded down $9.60 during trading hours on Thursday, hitting $362.97. 685,767 shares of the company's stock were exchanged, compared to its average volume of 920,363. The stock has a 50-day simple moving average of $320.95 and a 200 day simple moving average of $254.95. Fabrinet has a 1-year low of $148.55 and a 1-year high of $380.01. The firm has a market cap of $12.97 billion, a price-to-earnings ratio of 39.54 and a beta of 1.08.

Fabrinet (NYSE:FN - Get Free Report) last announced its quarterly earnings data on Monday, August 18th. The technology company reported $2.65 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $880.19 million. During the same quarter last year, the firm posted $2.41 earnings per share. The company's revenue for the quarter 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, sell-side analysts anticipate that Fabrinet will post 9.4 earnings per share for the current fiscal year.

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.