Sowell Financial Services LLC Acquires Shares of 813 Fabrinet $FN

Sowell Financial Services LLC purchased a new stake in Fabrinet (NYSE:FN) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 813 shares of the technology company’s stock, valued at approximately $240,000.

A number of other institutional investors also recently modified their holdings of FN. Banque Cantonale Vaudoise acquired a new stake in Fabrinet in the first quarter valued at about $29,000. Wayfinding Financial LLC bought a new position in shares of Fabrinet in the first quarter worth about $30,000. Berbice Capital Management LLC acquired a new stake in shares of Fabrinet in the 1st quarter valued at approximately $30,000. Private Trust Co. NA boosted its stake 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 valued at $33,000 after purchasing an additional 51 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its holdings in shares of Fabrinet by 93.5% during the 1st quarter. SBI Securities Co. Ltd. now owns 180 shares of the technology company’s stock valued at $36,000 after purchasing an additional 87 shares during the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.

Insider Activity at Fabrinet

In other Fabrinet news, EVP Edward T. Archer sold 3,333 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $354.48, for a total transaction of $1,181,481.84. Following the completion of the transaction, the executive vice president owned 6,644 shares in the company, valued at approximately $2,355,165.12. This trade represents a 33.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 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 trade represents a 17.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,049 shares of company stock worth $9,360,401 over the last ninety days. Insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on FN shares. B. Riley increased their price objective on shares of Fabrinet from $184.00 to $220.00 and gave the company a “neutral” rating in a research note on Tuesday, August 19th. Zacks Research downgraded shares of Fabrinet from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 28th. Needham & Company LLC reissued a “buy” rating and set a $350.00 price objective on shares of Fabrinet in a report on Tuesday, August 19th. Rosenblatt Securities restated a “buy” rating and set a $360.00 price objective on shares of Fabrinet in a research report on Tuesday, August 19th. Finally, JPMorgan Chase & Co. upgraded Fabrinet from a “neutral” rating to an “overweight” rating and increased their target price for the company from $318.00 to $345.00 in a research report on Monday, August 25th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Fabrinet presently has a consensus rating of “Moderate Buy” and an average target price of $312.33.

Fabrinet Stock Down 0.1%

NYSE FN opened at $360.66 on Friday. The company has a market capitalization of $12.89 billion, a price-to-earnings ratio of 39.29 and a beta of 1.08. Fabrinet has a twelve month low of $148.55 and a twelve month high of $397.26. The stock has a fifty day simple moving average of $337.08 and a 200 day simple moving average of $268.03.

Fabrinet (NYSE:FN) last announced its earnings results on Monday, August 18th. The technology company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.63 by $0.02. The firm had revenue of $909.69 million for the quarter, compared to the consensus estimate of $880.19 million. Fabrinet had a return on equity of 17.77% and a net margin of 9.72%.The business’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.41 EPS. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. Research analysts expect that Fabrinet will post 9.4 earnings per share for the current fiscal year.

Fabrinet 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.