Oppenheimer Asset Management Inc. Raises Position in Fabrinet $FN

Oppenheimer Asset Management Inc. increased its holdings in Fabrinet (NYSE:FN) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,311 shares of the technology company’s stock after purchasing an additional 303 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Fabrinet were worth $4,807,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in FN. Wealth Enhancement Advisory Services LLC raised its position in Fabrinet by 4.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,610 shares of the technology company’s stock worth $911,000 after purchasing an additional 208 shares during the period. KBC Group NV raised its position in Fabrinet by 12.1% in the 1st quarter. KBC Group NV now owns 1,594 shares of the technology company’s stock worth $315,000 after purchasing an additional 172 shares during the period. Smith Group Asset Management LLC purchased a new position in Fabrinet in the 1st quarter worth $582,000. Private Trust Co. NA raised its position in Fabrinet by 44.3% in the 1st quarter. Private Trust Co. NA now owns 166 shares of the technology company’s stock worth $33,000 after purchasing an additional 51 shares during the period. Finally, Calamos Advisors LLC raised its holdings in Fabrinet by 200.0% during the 1st quarter. Calamos Advisors LLC now owns 30,000 shares of the technology company’s stock valued at $5,925,000 after buying an additional 60,000 shares during the last quarter. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on FN. Needham & Company LLC reiterated a “buy” rating and set a $350.00 price target on shares of Fabrinet in a report on Tuesday, August 19th. JPMorgan Chase & Co. upped their price target on shares of Fabrinet from $345.00 to $430.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Zacks Research upgraded shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 23rd. Wolfe Research began coverage on shares of Fabrinet in a report on Tuesday, July 8th. They set a “peer perform” rating for the company. Finally, B. Riley upped their price target on shares of Fabrinet from $184.00 to $220.00 and gave the company a “neutral” rating in a report on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $337.33.

Fabrinet Trading Up 3.5%

Shares of NYSE FN opened at $438.34 on Wednesday. Fabrinet has a 12 month low of $148.55 and a 12 month high of $441.02. The firm has a market capitalization of $15.71 billion, a PE ratio of 47.75 and a beta of 1.05. The firm has a fifty day simple moving average of $367.60 and a two-hundred day simple moving average of $297.84.

Fabrinet (NYSE:FN) last issued 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. Fabrinet had a net margin of 9.72% and a return on equity of 17.77%. The business had revenue of $909.69 million during the quarter, compared to analyst estimates of $880.19 million. During the same period in the prior year, the business earned $2.41 EPS. The company’s revenue for the quarter was up 20.8% on a year-over-year basis. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. On average, sell-side analysts predict that Fabrinet will post 9.4 earnings per share for the current year.

Insiders Place Their Bets

In other Fabrinet news, CEO Seamus Grady sold 9,513 shares of the company’s stock in a transaction on 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 completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Harpal Gill sold 14,203 shares of the company’s stock in a transaction 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 transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 27,049 shares of company stock worth $9,360,401. 0.24% of the stock is currently owned by corporate insiders.

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.