Ethic Inc. Increases Stake in Fabrinet $FN

Ethic Inc. raised its position in Fabrinet (NYSE:FN) by 23.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,621 shares of the technology company’s stock after purchasing an additional 303 shares during the period. Ethic Inc.’s holdings in Fabrinet were worth $479,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. IFP Advisors Inc raised its holdings in Fabrinet by 10.9% in the 2nd quarter. IFP Advisors Inc now owns 347 shares of the technology company’s stock valued at $103,000 after buying an additional 34 shares during the period. Private Trust Co. NA raised its holdings in 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 buying an additional 51 shares during the period. CreativeOne Wealth LLC raised its holdings in Fabrinet by 4.9% in the 1st quarter. CreativeOne Wealth LLC now owns 1,148 shares of the technology company’s stock valued at $227,000 after buying an additional 54 shares during the period. UMB Bank n.a. raised its holdings in Fabrinet by 14.6% in the 2nd quarter. UMB Bank n.a. now owns 456 shares of the technology company’s stock valued at $134,000 after buying an additional 58 shares during the period. Finally, Fifth Third Bancorp raised its holdings in Fabrinet by 17.7% in the 2nd quarter. Fifth Third Bancorp now owns 413 shares of the technology company’s stock valued at $122,000 after buying an additional 62 shares during the period. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Zacks Research upgraded shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Fabrinet in a research report on Wednesday, October 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $350.00 target price on shares of Fabrinet in a research report on Tuesday, August 19th. Barclays lifted their target price on Fabrinet from $234.00 to $329.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 19th. Finally, B. Riley lifted their target price on Fabrinet from $184.00 to $220.00 and gave the company a “neutral” rating in a research report on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $337.33.

Fabrinet Stock Up 3.5%

Shares of FN opened at $438.34 on Wednesday. The stock has a 50 day moving average price of $367.60 and a 200 day moving average price of $297.84. The company has a market capitalization of $15.71 billion, a price-to-earnings ratio of 47.75 and a beta of 1.05. Fabrinet has a 52-week low of $148.55 and a 52-week high of $441.02.

Fabrinet (NYSE:FN) last announced 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. The firm had revenue of $909.69 million during 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 firm’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.41 earnings per share. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. On average, equities analysts anticipate that Fabrinet will post 9.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Seamus Grady sold 9,513 shares of the firm’s stock in a transaction on 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Edward T. Archer sold 3,333 shares of Fabrinet 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 sale, the executive vice president owned 6,644 shares of the company’s stock, valued at approximately $2,355,165.12. This represents a 33.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 27,049 shares of company stock worth $9,360,401. 0.24% of the stock is owned by corporate insiders.

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.