Journey Strategic Wealth LLC Makes New Investment in Fabrinet $FN

Journey Strategic Wealth LLC acquired a new stake in Fabrinet (NYSE:FN) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 1,016 shares of the technology company’s stock, valued at approximately $299,000.

Other hedge funds have also recently modified their holdings of the company. KLP Kapitalforvaltning AS increased its position in shares of Fabrinet by 2.7% during the first quarter. KLP Kapitalforvaltning AS now owns 7,600 shares of the technology company’s stock valued at $1,501,000 after acquiring an additional 200 shares during the last quarter. Avantax Advisory Services Inc. boosted its position in Fabrinet by 23.8% in the first quarter. Avantax Advisory Services Inc. now owns 2,530 shares of the technology company’s stock worth $500,000 after purchasing an additional 486 shares during the last quarter. Cetera Investment Advisers grew its stake in Fabrinet by 11.6% in the 1st quarter. Cetera Investment Advisers now owns 13,212 shares of the technology company’s stock valued at $2,610,000 after purchasing an additional 1,368 shares during the period. TD Asset Management Inc increased its position in shares of Fabrinet by 17.8% during the 1st quarter. TD Asset Management Inc now owns 478,104 shares of the technology company’s stock valued at $94,430,000 after purchasing an additional 72,385 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Fabrinet by 2.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,789 shares of the technology company’s stock worth $1,933,000 after purchasing an additional 255 shares during the period. Institutional investors own 97.38% of the company’s stock.

Fabrinet Price Performance

FN stock opened at $389.52 on Monday. The company has a market cap of $13.96 billion, a P/E ratio of 40.12 and a beta of 1.05. Fabrinet has a 1 year low of $148.55 and a 1 year high of $498.00. The stock’s fifty day moving average price is $402.26 and its 200-day moving average price is $328.63.

Fabrinet (NYSE:FN) last posted its earnings results on Monday, November 3rd. The technology company reported $2.92 earnings per share 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 return on equity of 18.16% and a net margin of 9.77%.Fabrinet’s revenue was up 21.6% on a year-over-year basis. During the same quarter in the prior 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 expect that Fabrinet will post 9.4 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on FN shares. JPMorgan Chase & Co. raised their price objective on shares of Fabrinet from $430.00 to $530.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Fabrinet in a report on Wednesday, October 8th. Rosenblatt Securities upped their target price on Fabrinet from $425.00 to $550.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Needham & Company LLC raised their target price on shares of Fabrinet from $440.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Finally, Northland Securities set a $550.00 target price on shares of Fabrinet in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Fabrinet has a consensus rating of “Moderate Buy” and an average price target of $451.29.

Insider Buying and Selling at Fabrinet

In related news, COO Harpal Gill sold 14,203 shares of Fabrinet 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Edward T. Archer sold 3,333 shares of the business’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 transaction, the executive vice president 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 27,049 shares of company stock valued at $9,360,401. Insiders own 0.24% of the company’s stock.

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.