Fabrinet $FN Shares Sold by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. cut its holdings in Fabrinet (NYSE:FN) by 36.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,319 shares of the technology company’s stock after selling 4,156 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Fabrinet were worth $2,157,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of FN. IFP Advisors Inc boosted its position in Fabrinet by 10.9% during the second quarter. IFP Advisors Inc now owns 347 shares of the technology company’s stock worth $103,000 after acquiring an additional 34 shares during the last quarter. Private Trust Co. NA raised 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 acquiring an additional 51 shares during the period. CreativeOne Wealth LLC raised its stake in shares of 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 acquiring an additional 54 shares during the period. UMB Bank n.a. raised its stake in shares of 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 acquiring an additional 58 shares during the period. Finally, Fifth Third Bancorp increased its stake in Fabrinet by 17.7% during the 2nd quarter. Fifth Third Bancorp now owns 413 shares of the technology company’s stock worth $122,000 after buying an additional 62 shares during the period. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Edward T. Archer sold 3,333 shares of the business’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 sale, the executive vice president owned 6,644 shares in the company, valued at $2,355,165.12. The trade was a 33.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 sale, the chief executive officer owned 46,024 shares in the company, valued at $15,165,828.48. This 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 90 days. 0.38% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FN. B. Riley boosted their target price on shares of Fabrinet from $184.00 to $220.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 19th. Wolfe Research started coverage on shares of Fabrinet in a research note on Tuesday, July 8th. They set a “peer perform” rating for the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Fabrinet in a research note on Wednesday, October 8th. Zacks Research lowered shares of Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 28th. Finally, Rosenblatt Securities upped their price target on shares of Fabrinet from $360.00 to $425.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.17.

Fabrinet Price Performance

FN stock opened at $382.10 on Tuesday. Fabrinet has a 52-week low of $148.55 and a 52-week high of $397.26. The company’s 50 day simple moving average is $349.74 and its 200-day simple moving average is $280.62. The firm has a market capitalization of $13.65 billion, a P/E ratio of 41.62 and a beta of 1.05.

Fabrinet (NYSE:FN) last released 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 net margin of 9.72% and a return on equity of 17.77%. The business had revenue of $909.69 million for the quarter, compared to analyst estimates of $880.19 million. During the same quarter in the previous year, the business earned $2.41 earnings per share. The firm’s 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. Sell-side analysts predict that Fabrinet will post 9.4 EPS for the current fiscal year.

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.