Fabrinet (NYSE:FN) EVP Sells 2,500 Shares of Stock

Key Points

• Fabrinet EVP Edward Archer sold 2,500 shares at an average price of $385.91, generating $964,775 and reducing his direct ownership by 26.3% to 7,007 shares.
• Fabrinet reported quarterly EPS of $4.10, beating estimates of $3.81, while revenue rose 44.6% year over year to $1.32 billion. The company issued Q1 2027 EPS guidance of $4.10–$4.25.
• The stock traded near $395.59, well below its 52-week high of $748.89. Analysts maintain a “Moderate Buy” consensus with an average price target of $649.50, while institutional investors own 97.38% of shares.

Fabrinet (NYSE:FN - Get Free Report) EVP Edward Archer sold 2,500 shares of the firm's stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $385.91, for a total value of $964,775.00. Following the completion of the sale, the executive vice president directly owned 7,007 shares in the company, valued at $2,704,071.37. The trade was a 26.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Fabrinet Price Performance

FN traded up $0.24 during midday trading on Thursday, reaching $395.59. 1,050,502 shares of the company's stock traded hands, compared to its average volume of 858,210. The firm has a fifty day moving average of $488.04 and a two-hundred day moving average of $565.57. The stock has a market capitalization of $14.18 billion, a price-to-earnings ratio of 30.31 and a beta of 1.21. Fabrinet has a 52 week low of $342.44 and a 52 week high of $748.89.

Fabrinet (NYSE:FN - Get Free Report) last issued its quarterly earnings data on Monday, August 17th. The technology company reported $4.10 earnings per share for the quarter, topping analysts' consensus estimates of $3.81 by $0.29. Fabrinet had a return on equity of 21.23% and a net margin of 10.19%.The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the company earned $2.65 EPS. The business's quarterly revenue was up 44.6% compared to the same quarter last year. Fabrinet has set its Q1 2027 guidance at 4.100-4.250 EPS. Sell-side analysts forecast that Fabrinet will post 17.5 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Zacks Research lowered shares of Fabrinet from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 15th. Fox Advisors upgraded shares of Fabrinet from an "equal weight" rating to an "overweight" rating in a report on Wednesday, August 19th. JPMorgan Chase & Co. lifted their price objective on Fabrinet from $680.00 to $695.00 and gave the company a "neutral" rating in a research report on Tuesday, August 18th. Needham & Company LLC reiterated a "buy" rating and set a $650.00 target price on shares of Fabrinet in a report on Tuesday, August 18th. Finally, Wall Street Zen lowered Fabrinet from a "buy" rating to a "hold" rating in a research report on Monday, July 20th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $649.50.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FN. Continuum Advisory LLC bought a new stake in Fabrinet during the second quarter worth about $25,000. Core Wealth Advisors LLC purchased a new position in shares of Fabrinet during the fourth quarter valued at approximately $25,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Fabrinet during the first quarter valued at approximately $31,000. Harbour Investments Inc. boosted its position in shares of Fabrinet by 75.0% in the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company's stock worth $29,000 after purchasing an additional 27 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV bought a new stake in shares of Fabrinet in the 4th quarter worth approximately $32,000. 97.38% of the stock is currently owned by institutional investors.

Fabrinet Company Profile

Fabrinet is a global provider of advanced optical packaging and precision optical, electro‐mechanical and electronic manufacturing services (CEM). The company specializes in complex manufacturing processes for original equipment manufacturers (OEMs) in communications, data center, industrial, instrumentation and medical markets. Key capabilities include high‐precision fiber alignment, micro‐assembly, testing and diagnostics, and integration of electro‐optic subassemblies.

Incorporated in 2000, Fabrinet operates under a corporate structure headquartered in Singapore with additional regional offices and design centers in the Americas, Europe and Asia.

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