Oak Harvest Investment Services Makes New $2.78 Million Investment in Fabrinet $FN

Oak Harvest Investment Services acquired a new stake in Fabrinet (NYSE:FN) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 9,420 shares of the technology company’s stock, valued at approximately $2,776,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Maseco LLP bought a new stake in shares of Fabrinet during the 2nd quarter worth approximately $25,000. First Horizon Advisors Inc. increased its holdings in Fabrinet by 124.2% during the second quarter. First Horizon Advisors Inc. now owns 139 shares of the technology company’s stock worth $41,000 after buying an additional 77 shares during the last quarter. Cullen Frost Bankers Inc. raised its position in Fabrinet by 118.5% during the second quarter. Cullen Frost Bankers Inc. now owns 142 shares of the technology company’s stock worth $42,000 after acquiring an additional 77 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in Fabrinet in the first quarter valued at $29,000. Finally, REAP Financial Group LLC grew its position in shares of Fabrinet by 171.9% in the 2nd quarter. REAP Financial Group LLC now owns 155 shares of the technology company’s stock valued at $46,000 after acquiring an additional 98 shares during the period. 97.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FN. Barclays upped their target price on shares of Fabrinet from $329.00 to $499.00 and gave the company an “equal weight” rating in a report on Wednesday, November 5th. B. Riley upped their price objective on Fabrinet from $184.00 to $220.00 and gave the company a “neutral” rating in a research note on Tuesday, August 19th. JPMorgan Chase & Co. raised their price objective on Fabrinet from $430.00 to $530.00 and gave the company an “overweight” rating in a research report on Tuesday, November 4th. Rosenblatt Securities boosted their target price on Fabrinet from $425.00 to $550.00 and gave the stock a “buy” rating in a 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 analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $451.29.

Insider Activity

In related news, CEO Seamus Grady sold 9,513 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $329.52, for a total value of $3,134,723.76. Following the transaction, the chief executive officer directly owned 46,024 shares in the company, valued at approximately $15,165,828.48. This represents a 17.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Edward T. Archer sold 3,333 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $354.48, for a total transaction of $1,181,481.84. Following the transaction, the executive vice president owned 6,644 shares in the company, valued at approximately $2,355,165.12. The trade was a 33.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 27,049 shares of company stock valued at $9,360,401. 0.24% of the stock is owned by company insiders.

Fabrinet Stock Down 10.1%

Shares of NYSE:FN opened at $402.31 on Friday. Fabrinet has a 12-month low of $148.55 and a 12-month high of $498.00. The business has a 50 day moving average of $397.76 and a 200-day moving average of $318.88. The stock has a market cap of $14.41 billion, a PE ratio of 41.43 and a beta of 1.05.

Fabrinet (NYSE:FN) last released its quarterly earnings results on Monday, November 3rd. The technology company reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.09. The business had revenue of $978.13 million during the quarter, compared to analysts’ expectations of $935.04 million. Fabrinet had a return on equity of 18.16% and a net margin of 9.77%.The firm’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period last year, the firm posted $2.39 EPS. Fabrinet has set its Q2 2026 guidance at 3.150-3.300 EPS. Equities research analysts expect that Fabrinet will post 9.4 earnings per share for the current 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.