Trexquant Investment LP Purchases 15,003 Shares of Fabrinet $FN

Key Points

• Trexquant Investment LP increased its stake in Fabrinet by 51.0% during the first quarter, now owning 44,423 shares valued at approximately $8.77 million.
• Several other large investors also acquired stakes in Fabrinet, with institutional investors and hedge funds holding 97.38% of the company's stock.
• Fabrinet's recent earnings surpassed estimates with a report of $2.65 earnings per share and a revenue increase of 20.8% compared to the previous year.

Trexquant Investment LP boosted its position in Fabrinet (NYSE:FN - Free Report) by 51.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 44,423 shares of the technology company's stock after acquiring an additional 15,003 shares during the period. Trexquant Investment LP owned 0.12% of Fabrinet worth $8,774,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Cetera Investment Advisers increased its stake in Fabrinet by 11.6% in the 1st quarter. Cetera Investment Advisers now owns 13,212 shares of the technology company's stock valued at $2,610,000 after buying an additional 1,368 shares during the last quarter. Atria Wealth Solutions Inc. grew its holdings in shares of Fabrinet by 40.8% in the first quarter. Atria Wealth Solutions Inc. now owns 5,457 shares of the technology company's stock valued at $1,078,000 after acquiring an additional 1,582 shares in the last quarter. Private Trust Co. NA increased its position 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 valued at $33,000 after acquiring an additional 51 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Fabrinet by 13.9% in the 1st quarter. Deutsche Bank AG now owns 51,549 shares of the technology company's stock worth $10,181,000 after buying an additional 6,272 shares during the last quarter. Finally, KBC Group NV grew its position in Fabrinet by 12.1% during the first quarter. KBC Group NV now owns 1,594 shares of the technology company's stock valued at $315,000 after buying an additional 172 shares during the period. Institutional investors own 97.38% of the company's stock.

Fabrinet Price Performance

FN stock traded up $17.67 during mid-day trading on Thursday, hitting $355.20. 310,575 shares of the stock were exchanged, compared to its average volume of 732,417. The business has a fifty day moving average price of $312.00 and a 200 day moving average price of $249.19. Fabrinet has a 12 month low of $148.55 and a 12 month high of $360.00. The stock has a market capitalization of $12.69 billion, a price-to-earnings ratio of 38.78 and a beta of 1.08.

Fabrinet (NYSE:FN - Get Free Report) last posted its quarterly earnings results on Monday, August 18th. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.02. Fabrinet had a net margin of 9.72% and a return on equity of 17.77%. The business had revenue of $909.69 million during the quarter, compared to analyst estimates of $880.19 million. During the same period in the prior year, the business posted $2.41 earnings per share. The company'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 analysts forecast that Fabrinet will post 9.4 EPS for the current fiscal year.

Analysts Set New Price Targets

FN has been the topic of several research reports. JPMorgan Chase & Co. upgraded Fabrinet from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $318.00 to $345.00 in a research note on Monday, August 25th. Zacks Research cut Fabrinet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 28th. Rosenblatt Securities reaffirmed a "buy" rating and set a $360.00 price objective on shares of Fabrinet in a report on Tuesday, August 19th. B. Riley lifted their target price on shares of Fabrinet from $184.00 to $220.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 19th. Finally, Wolfe Research initiated coverage on shares of Fabrinet in a research report on Tuesday, July 8th. They issued a "peer perform" rating on the stock. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus 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 the company's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 46,024 shares in the company, valued at $15,165,828.48. This represents a 17.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.38% of the company's stock.

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.