Stephens Investment Management Group LLC Cuts Holdings in Fabrinet $FN

Key Points

• Stephens Investment Management Group LLC reduced its stake in Fabrinet by 1.2% during Q2, now holding approximately 0.43% of the company, valued at $45.77 million.
• Numerous large investors, including IFP Advisors Inc and Fifth Third Bancorp, have increased their positions in Fabrinet by percentages ranging from 10.9% to 44.3% in recent quarters.
• Fabrinet reported a 20.8% increase in revenue year-over-year with an earnings per share of $2.65, exceeding analyst estimates, and has set its Q1 2026 EPS guidance between $2.750 and $2.900.

Stephens Investment Management Group LLC decreased its stake in shares of Fabrinet (NYSE:FN - Free Report) by 1.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 155,332 shares of the technology company's stock after selling 1,950 shares during the quarter. Stephens Investment Management Group LLC owned approximately 0.43% of Fabrinet worth $45,773,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. IFP Advisors Inc increased its holdings in Fabrinet by 10.9% during the 2nd quarter. IFP Advisors Inc now owns 347 shares of the technology company's stock worth $103,000 after purchasing an additional 34 shares during the period. Private Trust Co. NA increased its holdings in 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 purchasing an additional 51 shares during the period. CreativeOne Wealth LLC boosted its position in shares of Fabrinet by 4.9% during the 1st quarter. CreativeOne Wealth LLC now owns 1,148 shares of the technology company's stock worth $227,000 after acquiring an additional 54 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Fabrinet by 14.6% during the 2nd quarter. UMB Bank n.a. now owns 456 shares of the technology company's stock worth $134,000 after acquiring an additional 58 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Fabrinet by 17.7% during the 2nd quarter. Fifth Third Bancorp now owns 413 shares of the technology company's stock worth $122,000 after acquiring an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 97.38% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on FN shares. Needham & Company LLC reaffirmed a "buy" rating and set a $350.00 price objective on shares of Fabrinet in a research report on Tuesday, August 19th. Rosenblatt Securities upped their price objective on Fabrinet from $360.00 to $425.00 and gave the stock a "buy" rating in a research report on Thursday, October 2nd. Wolfe Research started coverage on Fabrinet in a research report on Tuesday, July 8th. They set a "peer perform" rating for the company. JPMorgan Chase & Co. upped their price objective on Fabrinet from $345.00 to $430.00 and gave the stock an "overweight" rating in a research report on Thursday, October 16th. Finally, Zacks Research cut Fabrinet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 28th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $337.33.

Insider Buying and Selling at Fabrinet

In other Fabrinet news, COO Harpal Gill sold 14,203 shares of the company'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 directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Seamus Grady sold 9,513 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $329.52, for a total value of $3,134,723.76. Following the transaction, the chief executive officer directly owned 46,024 shares of the company's stock, valued at approximately $15,165,828.48. This trade represents a 17.13% 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 ninety days. Insiders own 0.38% of the company's stock.

Fabrinet Stock Up 2.0%

FN opened at $415.87 on Wednesday. The business has a 50 day moving average price of $357.73 and a two-hundred day moving average price of $288.95. The company has a market cap of $14.86 billion, a PE ratio of 45.30 and a beta of 1.05. Fabrinet has a 52 week low of $148.55 and a 52 week high of $432.00.

Fabrinet (NYSE:FN - Get Free Report) last posted its quarterly earnings data on Monday, August 18th. The technology company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.63 by $0.02. The firm had revenue of $909.69 million during the quarter, compared to the consensus estimate of $880.19 million. Fabrinet had a return on equity of 17.77% and a net margin of 9.72%.The firm's revenue was up 20.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.41 EPS. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. As a group, sell-side analysts expect that Fabrinet will post 9.4 EPS for the current fiscal year.

Fabrinet Company 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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