Concurrent Investment Advisors LLC Buys 134 Shares of Fabrinet $FN

Concurrent Investment Advisors LLC increased its position in shares of Fabrinet (NYSE:FN) by 9.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,611 shares of the technology company’s stock after purchasing an additional 134 shares during the period. Concurrent Investment Advisors LLC’s holdings in Fabrinet were worth $475,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers increased its holdings in shares of Fabrinet by 11.6% during the 1st quarter. Cetera Investment Advisers now owns 13,212 shares of the technology company’s stock worth $2,610,000 after acquiring an additional 1,368 shares during the last quarter. Atria Wealth Solutions Inc. boosted its position in Fabrinet by 40.8% during the first 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. Private Trust Co. NA increased its holdings in shares of Fabrinet by 44.3% in the first quarter. Private Trust Co. NA now owns 166 shares of the technology company’s stock valued at $33,000 after purchasing an additional 51 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of Fabrinet by 76.1% in the first quarter. Canada Pension Plan Investment Board now owns 69,400 shares of the technology company’s stock valued at $13,707,000 after purchasing an additional 30,000 shares during the period. Finally, Deutsche Bank AG lifted 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 during the last quarter. 97.38% of the stock is owned by institutional investors.

Insider Activity

In other Fabrinet news, COO Harpal Gill sold 14,203 shares of the business’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 sale, the chief operating officer owned 13,983 shares in the company, valued at approximately $4,966,062.45. The trade was a 50.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Seamus Grady sold 9,513 shares of the company’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $329.52, for a total transaction of $3,134,723.76. Following the completion of 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 sold a total of 27,049 shares of company stock worth $9,360,401 in the last three months. Company insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Fabrinet in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on Fabrinet from $345.00 to $430.00 and gave the stock an “overweight” rating in a report on Thursday. Needham & Company LLC restated a “buy” rating and issued a $350.00 price target on shares of Fabrinet in a research note on Tuesday, August 19th. Zacks Research cut Fabrinet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 28th. Finally, Wolfe Research began coverage on Fabrinet in a report on Tuesday, July 8th. They set a “peer perform” rating for the company. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Fabrinet currently has a consensus rating of “Moderate Buy” and an average target price of $337.33.

Fabrinet Stock Down 0.6%

Shares of FN stock opened at $410.16 on Friday. The firm has a market capitalization of $14.65 billion, a P/E ratio of 44.68 and a beta of 1.05. Fabrinet has a twelve month low of $148.55 and a twelve month high of $432.00. The stock’s fifty day simple moving average is $354.88 and its 200 day simple moving average is $285.61.

Fabrinet (NYSE:FN) last announced its quarterly earnings results on Monday, August 18th. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.02. The firm had revenue of $909.69 million during the quarter, compared to analysts’ expectations of $880.19 million. Fabrinet had a net margin of 9.72% and a return on equity of 17.77%. The company’s revenue was up 20.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.41 EPS. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. As a group, equities research analysts expect 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.