Natixis Advisors LLC Sells 4,123 Shares of Fabrinet $FN

Natixis Advisors LLC lowered its position in Fabrinet (NYSE:FN) by 26.8% in the 4th quarter, HoldingsChannel reports. The fund owned 11,236 shares of the technology company’s stock after selling 4,123 shares during the period. Natixis Advisors LLC’s holdings in Fabrinet were worth $5,116,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Core Wealth Advisors LLC purchased a new stake in Fabrinet during the fourth quarter valued at about $25,000. Westend Capital Management LLC purchased a new position in shares of Fabrinet in the fourth quarter worth about $29,000. Harbour Investments Inc. raised its position in shares of Fabrinet by 75.0% in the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after purchasing an additional 27 shares during the period. Creative Financial Designs Inc. ADV bought a new stake in shares of Fabrinet in the fourth quarter valued at approximately $32,000. Finally, Rakuten Securities Inc. lifted its stake in shares of Fabrinet by 340.9% during the 4th quarter. Rakuten Securities Inc. now owns 97 shares of the technology company’s stock valued at $44,000 after buying an additional 75 shares in the last quarter. 97.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Weiss Ratings downgraded Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $800.00 price target on shares of Fabrinet in a report on Tuesday, May 5th. Rosenblatt Securities boosted their price objective on Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Finally, Northland Securities set a $800.00 price objective on Fabrinet in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $661.75.

Fabrinet Price Performance

FN opened at $623.94 on Tuesday. The firm has a market capitalization of $22.36 billion, a P/E ratio of 53.60 and a beta of 1.18. Fabrinet has a one year low of $231.51 and a one year high of $748.89. The company has a fifty day moving average price of $653.49 and a 200-day moving average price of $548.06.

Fabrinet (NYSE:FN) last issued its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the business posted $2.52 earnings per share. The firm’s revenue was up 39.3% compared to the same quarter last year. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. On average, analysts expect 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 Fabrinet stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $711.91, for a total transaction of $1,779,775.00. Following the completion of the sale, the director owned 16,233 shares in the company, valued at approximately $11,556,435.03. This trade represents a 13.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.24% of the stock is currently owned by insiders.

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.