Value Aligned Research Advisors LLC Increases Stock Holdings in Fabrinet $FN

Key Points

• Value Aligned Research Advisors LLC significantly increased its position in Fabrinet by acquiring 80,873 shares, representing a 240.9% lift in the 1st quarter.
• Analysts have set new price targets for Fabrinet, with ratings ranging from $220.00 to $360.00, and four analysts rating it as a Buy.
• Fabrinet reported a 20.8% increase in revenue year-over-year, with earnings per share of $2.65, exceeding expectations by $0.02.

Value Aligned Research Advisors LLC increased its position in Fabrinet (NYSE:FN - Free Report) by 240.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,443 shares of the technology company's stock after buying an additional 80,873 shares during the period. Fabrinet accounts for approximately 1.6% of Value Aligned Research Advisors LLC's investment portfolio, making the stock its 17th biggest holding. Value Aligned Research Advisors LLC owned about 0.32% of Fabrinet worth $22,604,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Banque Cantonale Vaudoise acquired a new stake in Fabrinet in the first quarter valued at approximately $29,000. Berbice Capital Management LLC acquired a new stake in Fabrinet in the first quarter valued at approximately $30,000. Wayfinding Financial LLC acquired a new stake in Fabrinet in the first quarter valued at approximately $30,000. Private Trust Co. NA grew its stake 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 period. Finally, SBI Securities Co. Ltd. grew its stake in Fabrinet by 93.5% in the first quarter. SBI Securities Co. Ltd. now owns 180 shares of the technology company's stock valued at $36,000 after acquiring an additional 87 shares during the period. 97.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fabrinet

In related news, CEO Seamus Grady sold 9,513 shares of Fabrinet stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $329.52, for a total value of $3,134,723.76. Following the completion of the transaction, the chief executive officer directly owned 46,024 shares in the company, valued at approximately $15,165,828.48. The trade was a 17.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.38% of the company's stock.

Fabrinet Price Performance

Shares of Fabrinet stock traded up $1.82 on Wednesday, reaching $337.52. 498,055 shares of the company traded hands, compared to its average volume of 892,821. Fabrinet has a 52 week low of $148.55 and a 52 week high of $360.00. The company has a 50 day moving average of $312.00 and a 200 day moving average of $249.19. The firm has a market capitalization of $12.06 billion, a PE ratio of 35.74 and a beta of 1.08.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. B. Riley boosted their target price on shares of 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 target price on shares of Fabrinet from $234.00 to $329.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 19th. Rosenblatt Securities reissued a "buy" rating and set a $360.00 target price on shares of Fabrinet in a research report on Tuesday, August 19th. Wolfe Research assumed coverage on Fabrinet in a research note on Tuesday, July 8th. They set a "peer perform" rating on the stock. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $350.00 price objective on shares of Fabrinet in a report on Tuesday, August 19th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $312.33.

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.