UMB Bank n.a. Acquires 58 Shares of Fabrinet $FN

UMB Bank n.a. increased its holdings in Fabrinet (NYSE:FN) by 14.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 456 shares of the technology company’s stock after acquiring an additional 58 shares during the quarter. UMB Bank n.a.’s holdings in Fabrinet were worth $134,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Banque Cantonale Vaudoise bought a new stake in shares of Fabrinet during the 1st quarter valued at about $29,000. Wayfinding Financial LLC bought a new stake in Fabrinet during the 1st quarter valued at approximately $30,000. Berbice Capital Management LLC purchased a new position in shares of Fabrinet during the 1st quarter worth approximately $30,000. Private Trust Co. NA raised its position in shares of Fabrinet by 44.3% in the 1st quarter. Private Trust Co. NA now owns 166 shares of the technology company’s stock worth $33,000 after acquiring an additional 51 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its position in shares of Fabrinet by 93.5% in the 1st quarter. SBI Securities Co. Ltd. now owns 180 shares of the technology company’s stock worth $36,000 after acquiring an additional 87 shares in the last quarter. 97.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on FN shares. Zacks Research cut Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 28th. Rosenblatt Securities reiterated a “buy” rating and issued a $360.00 price target on shares of Fabrinet in a research note on Tuesday, August 19th. JPMorgan Chase & Co. raised shares of Fabrinet from a “neutral” rating to an “overweight” rating and raised their target price for the company from $318.00 to $345.00 in a research note on Monday, August 25th. Barclays boosted their price target on Fabrinet from $234.00 to $329.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 19th. Finally, 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. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $312.33.

Fabrinet Stock Down 3.5%

NYSE:FN opened at $367.05 on Thursday. The stock has a market cap of $13.11 billion, a price-to-earnings ratio of 39.98 and a beta of 1.08. The company’s 50 day moving average price is $335.05 and its 200-day moving average price is $265.71. Fabrinet has a 52 week low of $148.55 and a 52 week high of $397.26.

Fabrinet (NYSE:FN) last announced its quarterly earnings data on Monday, August 18th. The technology company reported $2.65 earnings per share for the quarter, topping 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 company had revenue of $909.69 million during the quarter, compared to analyst estimates of $880.19 million. During the same period in the previous year, the business earned $2.41 EPS. The firm’s revenue for the quarter 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, sell-side analysts anticipate that Fabrinet will post 9.4 earnings per share for the current year.

Insider Activity

In other news, COO Harpal Gill sold 14,203 shares of Fabrinet stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $355.15, for a total value of $5,044,195.45. Following the completion of the sale, the chief operating officer directly owned 13,983 shares in the company, valued at $4,966,062.45. The trade was a 50.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Seamus Grady sold 9,513 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $329.52, for a total transaction of $3,134,723.76. Following the transaction, the chief executive officer directly owned 46,024 shares of the company’s stock, valued at $15,165,828.48. The trade was a 17.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,049 shares of company stock valued at $9,360,401 over the last ninety days. 0.38% of the stock is currently owned by corporate insiders.

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.