William Blair Investment Management LLC Decreases Holdings in Fabrinet $FN

William Blair Investment Management LLC trimmed its holdings in shares of Fabrinet (NYSE:FN) by 11.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 200,324 shares of the technology company’s stock after selling 26,353 shares during the period. William Blair Investment Management LLC owned 0.56% of Fabrinet worth $91,204,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FN. Wasatch Advisors LP boosted its position in Fabrinet by 45.1% in the 2nd quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock valued at $524,432,000 after buying an additional 553,196 shares during the last quarter. Alliancebernstein L.P. boosted its position in Fabrinet by 226.1% in the 3rd quarter. Alliancebernstein L.P. now owns 499,177 shares of the technology company’s stock valued at $182,010,000 after buying an additional 346,113 shares during the last quarter. Holocene Advisors LP purchased a new position in Fabrinet in the 3rd quarter valued at about $124,847,000. Arrowstreet Capital Limited Partnership boosted its position in Fabrinet by 183.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 333,555 shares of the technology company’s stock valued at $121,621,000 after buying an additional 215,903 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Fabrinet by 33.3% in the 3rd quarter. Invesco Ltd. now owns 681,850 shares of the technology company’s stock valued at $248,616,000 after buying an additional 170,297 shares during the last quarter. 97.38% of the stock is owned by hedge funds and other institutional investors.

Fabrinet Trading Up 0.4%

Shares of NYSE FN opened at $705.89 on Friday. Fabrinet has a twelve month low of $222.66 and a twelve month high of $748.89. The company has a market capitalization of $25.29 billion, a price-to-earnings ratio of 60.64 and a beta of 1.22. The business has a 50 day simple moving average of $622.90 and a 200-day simple moving average of $529.44.

Fabrinet (NYSE:FN) last issued its quarterly earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share for the quarter, beating analysts’ consensus estimates of $3.58 by $0.14. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the business earned $2.52 EPS. The business’s quarterly revenue was up 39.3% on a year-over-year basis. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, equities analysts predict that Fabrinet will post 12.96 earnings per share for the current year.

Insider Buying and Selling at Fabrinet

In other news, Director Homa Bahrami sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $711.91, for a total value of $1,779,775.00. Following the completion of the sale, the director directly owned 16,233 shares in the company, valued at approximately $11,556,435.03. The trade was a 13.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Wolfe Research raised shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price objective for the company in a research report on Wednesday, February 4th. Northland Securities set a $800.00 price objective on shares of Fabrinet in a research report on Monday, April 20th. Zacks Research raised shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Weiss Ratings raised shares of Fabrinet from a “hold (c+)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Finally, B. Riley Financial increased their price target on shares of Fabrinet from $366.00 to $452.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Fabrinet currently has a consensus rating of “Moderate Buy” and an average target price of $661.75.

Fabrinet Profile

Fabrinet is a global provider of advanced optical packaging and precision optical, electro‐mechanical and electronic manufacturing services (CEM). The company specializes in complex manufacturing processes for original equipment manufacturers (OEMs) in communications, data center, industrial, instrumentation and medical markets. Key capabilities include high‐precision fiber alignment, micro‐assembly, testing and diagnostics, and integration of electro‐optic subassemblies.

Incorporated in 2000, Fabrinet operates under a corporate structure headquartered in Singapore with additional regional offices and design centers in the Americas, Europe and Asia.