M&G PLC Grows Stock Position in Fabrinet $FN

M&G PLC increased its stake in shares of Fabrinet (NYSE:FN) by 2.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,211 shares of the technology company’s stock after purchasing an additional 759 shares during the quarter. M&G PLC owned 0.10% of Fabrinet worth $10,092,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Cetera Investment Advisers raised its holdings in Fabrinet by 11.6% during the first quarter. Cetera Investment Advisers now owns 13,212 shares of the technology company’s stock worth $2,610,000 after purchasing an additional 1,368 shares in the last quarter. Atria Wealth Solutions Inc. increased its position in Fabrinet by 40.8% during the 1st quarter. Atria Wealth Solutions Inc. now owns 5,457 shares of the technology company’s stock worth $1,078,000 after purchasing an additional 1,582 shares during the period. Canada Pension Plan Investment Board increased its position in Fabrinet by 76.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 69,400 shares of the technology company’s stock worth $13,707,000 after purchasing an additional 30,000 shares during the period. Deutsche Bank AG raised its stake in shares of Fabrinet by 13.9% during the 1st quarter. Deutsche Bank AG now owns 51,549 shares of the technology company’s stock worth $10,181,000 after buying an additional 6,272 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Fabrinet by 0.3% in the 2nd quarter. Nordea Investment Management AB now owns 43,411 shares of the technology company’s stock valued at $12,845,000 after buying an additional 132 shares during the period. 97.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on FN shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Fabrinet in a research report on Wednesday, October 8th. Northland Securities set a $550.00 price target on shares of Fabrinet in a report on Tuesday, November 4th. Barclays raised their price objective on shares of Fabrinet from $329.00 to $499.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 5th. Needham & Company LLC upped their target price on shares of Fabrinet from $440.00 to $540.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Finally, Rosenblatt Securities lifted their price target on shares of Fabrinet from $425.00 to $550.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $451.29.

Insider Buying and Selling

In other Fabrinet news, EVP Edward T. Archer sold 3,333 shares of the firm’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 sale, the executive vice president directly owned 6,644 shares of the company’s stock, valued at approximately $2,355,165.12. This trade represents a 33.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Harpal Gill sold 14,203 shares of Fabrinet stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $355.15, for a total value 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 trade represents a 50.39% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 27,049 shares of company stock worth $9,360,401. 0.24% of the stock is owned by company insiders.

Fabrinet Stock Performance

Shares of NYSE FN opened at $446.42 on Thursday. The firm has a market cap of $16.00 billion, a P/E ratio of 45.97 and a beta of 1.05. Fabrinet has a 1 year low of $148.55 and a 1 year high of $498.00. The firm’s 50 day moving average price is $396.95 and its 200 day moving average price is $318.30.

Fabrinet (NYSE:FN) last issued its quarterly earnings results 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. The company had revenue of $978.13 million for the quarter, compared to analyst estimates of $935.04 million. Fabrinet had a return on equity of 18.16% and a net margin of 9.77%.The business’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.39 EPS. Fabrinet has set its Q2 2026 guidance at 3.150-3.300 EPS. As a group, equities analysts predict that Fabrinet will post 9.4 EPS for the current 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.