Aviva PLC Lowers Position in Fabrinet $FN

Aviva PLC trimmed its position in shares of Fabrinet (NYSE:FN) by 33.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,937 shares of the technology company’s stock after selling 988 shares during the quarter. Aviva PLC’s holdings in Fabrinet were worth $571,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cerity Partners LLC lifted its stake in shares of Fabrinet by 151.9% in the 1st quarter. Cerity Partners LLC now owns 3,300 shares of the technology company’s stock valued at $652,000 after purchasing an additional 1,990 shares during the period. CWM LLC raised its holdings in Fabrinet by 158.9% in the first quarter. CWM LLC now owns 2,258 shares of the technology company’s stock worth $446,000 after purchasing an additional 1,386 shares in the last quarter. Signaturefd LLC lifted its position in Fabrinet by 14.3% during the first quarter. Signaturefd LLC now owns 609 shares of the technology company’s stock valued at $120,000 after buying an additional 76 shares during the period. SBI Securities Co. Ltd. lifted its position in Fabrinet by 93.5% during the first quarter. SBI Securities Co. Ltd. now owns 180 shares of the technology company’s stock valued at $36,000 after buying an additional 87 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in shares of Fabrinet by 2,830.0% during the 1st quarter. Larson Financial Group LLC now owns 293 shares of the technology company’s stock valued at $58,000 after buying an additional 283 shares in the last quarter. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on FN shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Fabrinet in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 23rd. Rosenblatt Securities lifted their target price on shares of Fabrinet from $425.00 to $550.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. JPMorgan Chase & Co. boosted their price target on Fabrinet from $430.00 to $530.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 4th. Finally, Northland Securities set a $550.00 price target on Fabrinet in a research note on Tuesday, November 4th. One 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $451.29.

Insider Activity at Fabrinet

In other news, EVP Edward T. Archer sold 3,333 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president owned 6,644 shares of the company’s stock, valued at $2,355,165.12. This trade represents a 33.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Harpal Gill sold 14,203 shares of Fabrinet stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $355.15, for a total transaction of $5,044,195.45. Following the completion of the sale, the chief operating officer owned 13,983 shares of the company’s stock, valued at $4,966,062.45. This represents a 50.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 27,049 shares of company stock valued at $9,360,401 over the last ninety days. Insiders own 0.24% of the company’s stock.

Fabrinet Stock Performance

Shares of NYSE FN opened at $402.31 on Friday. The firm’s 50 day moving average price is $397.76 and its 200-day moving average price is $318.88. Fabrinet has a 52-week low of $148.55 and a 52-week high of $498.00. The company has a market cap of $14.41 billion, a PE ratio of 41.43 and a beta of 1.05.

Fabrinet (NYSE:FN) last announced its quarterly earnings data on Monday, November 3rd. The technology company reported $2.92 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.09. Fabrinet had a net margin of 9.77% and a return on equity of 18.16%. The company had revenue of $978.13 million during the quarter, compared to analyst estimates of $935.04 million. During the same period in the previous year, the business earned $2.39 EPS. The firm’s revenue for the quarter was up 21.6% on a year-over-year basis. Fabrinet has set its Q2 2026 guidance at 3.150-3.300 EPS. On average, analysts forecast that Fabrinet will post 9.4 earnings per share for the current fiscal year.

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.