Denali Advisors LLC Acquires Shares of 1,069 Fabrinet $FN

Denali Advisors LLC acquired a new stake in Fabrinet (NYSE:FN) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,069 shares of the technology company’s stock, valued at approximately $315,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc increased its stake 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 last quarter. Private Trust Co. NA increased its stake 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 last quarter. CreativeOne Wealth LLC increased its stake in shares of Fabrinet by 4.9% during the 1st quarter. CreativeOne Wealth LLC now owns 1,148 shares of the technology company’s stock worth $227,000 after purchasing an additional 54 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Fabrinet by 14.6% during the 2nd quarter. UMB Bank n.a. now owns 456 shares of the technology company’s stock worth $134,000 after purchasing an additional 58 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in shares of 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 purchasing an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Fabrinet Trading Up 3.7%

FN opened at $414.91 on Friday. The company has a 50 day moving average of $360.80 and a 200 day moving average of $291.33. The company has a market cap of $14.82 billion, a PE ratio of 45.20 and a beta of 1.05. Fabrinet has a 12 month low of $148.55 and a 12 month high of $432.00.

Fabrinet (NYSE:FN) last released its quarterly earnings data on Monday, August 18th. The technology company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.63 by $0.02. The company had revenue of $909.69 million during the quarter, compared to the consensus estimate of $880.19 million. Fabrinet had a net margin of 9.72% and a return on equity of 17.77%. Fabrinet’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same period last year, the firm earned $2.41 EPS. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. Research analysts forecast that Fabrinet will post 9.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Edward T. Archer sold 3,333 shares of the firm’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 value of $1,181,481.84. Following the completion of the transaction, 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 transaction 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 the firm’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $355.15, for a total transaction of $5,044,195.45. Following the completion of the transaction, the chief operating officer directly owned 13,983 shares of the company’s stock, valued at approximately $4,966,062.45. The trade was a 50.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,049 shares of company stock valued at $9,360,401. Company insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

FN has been the subject of several research analyst reports. Wolfe Research initiated coverage on shares of Fabrinet in a research note on Tuesday, July 8th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. raised their price target on shares of Fabrinet from $345.00 to $430.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Fabrinet in a research note on Wednesday, October 8th. B. Riley raised their price target on shares of Fabrinet from $184.00 to $220.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 19th. Finally, Barclays raised their price target on shares of Fabrinet from $234.00 to $329.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 19th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $337.33.

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.