Atria Investments Inc Has $960,000 Stake in Fabrinet $FN

Atria Investments Inc reduced its stake in shares of Fabrinet (NYSE:FN) by 4.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 3,259 shares of the technology company’s stock after selling 169 shares during the quarter. Atria Investments Inc’s holdings in Fabrinet were worth $960,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of FN. Cetera Investment Advisers raised its stake in shares of 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 buying an additional 1,368 shares during the last quarter. Atria Wealth Solutions Inc. grew its holdings 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 acquiring an additional 1,582 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Fabrinet by 76.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 69,400 shares of the technology company’s stock valued at $13,707,000 after acquiring an additional 30,000 shares during the last quarter. Private Trust Co. NA raised its position in shares of Fabrinet by 44.3% during the 1st quarter. Private Trust Co. NA now owns 166 shares of the technology company’s stock valued at $33,000 after acquiring an additional 51 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Fabrinet by 13.9% in the 1st quarter. Deutsche Bank AG now owns 51,549 shares of the technology company’s stock valued at $10,181,000 after purchasing an additional 6,272 shares during the period. Institutional investors own 97.38% of the company’s stock.

Insider Buying and Selling at Fabrinet

In other Fabrinet news, COO Harpal Gill sold 14,203 shares of Fabrinet stock in a transaction on 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 sale, the chief operating officer directly 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Edward T. Archer sold 3,333 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $2,355,165.12. This represents a 33.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 27,049 shares of company stock worth $9,360,401. Insiders own 0.24% of the company’s stock.

Fabrinet Stock Down 2.9%

NYSE:FN opened at $447.89 on Friday. Fabrinet has a twelve month low of $148.55 and a twelve month high of $498.00. The business has a 50 day moving average price of $389.78 and a two-hundred day moving average price of $311.93. The company has a market cap of $16.05 billion, a P/E ratio of 46.13 and a beta of 1.05.

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

Analysts Set New Price Targets

A number of brokerages recently commented on FN. Rosenblatt Securities lifted their price objective on Fabrinet from $425.00 to $550.00 and gave the stock a “buy” rating in a research note on Tuesday. Weiss Ratings restated a “buy (b-)” rating on shares of Fabrinet in a research report on Wednesday, October 8th. B. Riley increased their price target on shares of Fabrinet from $184.00 to $220.00 and gave the company a “neutral” rating in a research report on Tuesday, August 19th. Barclays lifted their price objective on shares of Fabrinet from $329.00 to $499.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Fabrinet from $430.00 to $530.00 and gave the company an “overweight” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $451.29.

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.