Fabrinet $FN Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its stake in Fabrinet (NYSE:FN) by 199.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,808 shares of the technology company’s stock after acquiring an additional 9,198 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Fabrinet were worth $4,069,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Pallas Capital Advisors LLC acquired a new position in Fabrinet in the second quarter valued at $230,000. Financiere des Professionnels Fonds d investissement inc. acquired a new position in Fabrinet in the second quarter valued at $193,000. Harbor Capital Advisors Inc. increased its stake in Fabrinet by 19.4% in the second quarter. Harbor Capital Advisors Inc. now owns 16,149 shares of the technology company’s stock valued at $4,759,000 after purchasing an additional 2,623 shares during the last quarter. Bank of New Hampshire increased its stake in Fabrinet by 3.0% in the second quarter. Bank of New Hampshire now owns 5,789 shares of the technology company’s stock valued at $1,706,000 after purchasing an additional 167 shares during the last quarter. Finally, Salem Investment Counselors Inc. increased its stake in Fabrinet by 7.8% in the second quarter. Salem Investment Counselors Inc. now owns 3,261 shares of the technology company’s stock valued at $961,000 after purchasing an additional 235 shares during the last quarter. 97.38% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Fabrinet

In other news, EVP Edward T. Archer sold 3,333 shares of the company’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $354.48, for a total value of $1,181,481.84. Following the completion of the sale, the executive vice president owned 6,644 shares of the company’s stock, valued at $2,355,165.12. This represents a 33.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Seamus Grady sold 9,513 shares of the company’s stock in a transaction dated 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders sold 27,049 shares of company stock valued at $9,360,401 over the last quarter. Company insiders own 0.38% of the company’s stock.

Fabrinet Trading Down 1.5%

FN stock opened at $361.11 on Friday. The stock has a 50-day moving average price of $336.09 and a two-hundred day moving average price of $266.91. Fabrinet has a 12-month low of $148.55 and a 12-month high of $397.26. The company has a market cap of $12.90 billion, a PE ratio of 39.34 and a beta of 1.08.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on FN shares. Rosenblatt Securities reiterated a “buy” rating and issued a $360.00 target price on shares of Fabrinet in a research note on Tuesday, August 19th. Barclays upped their target price on Fabrinet from $234.00 to $329.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 19th. Zacks Research lowered Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 28th. Wolfe Research started coverage on Fabrinet in a research note on Tuesday, July 8th. They issued a “peer perform” rating for the company. Finally, JPMorgan Chase & Co. upgraded Fabrinet from a “neutral” rating to an “overweight” rating and upped their target price for the company from $318.00 to $345.00 in a research note on Monday, August 25th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $312.33.

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.