Raiffeisen Bank International AG Acquires New Shares in Fabrinet $FN

Raiffeisen Bank International AG acquired a new stake in Fabrinet (NYSE:FN) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 10,000 shares of the technology company’s stock, valued at approximately $4,619,000.

Several other institutional investors and hedge funds have also modified their holdings of FN. Core Wealth Advisors LLC acquired a new stake in shares of Fabrinet in the 4th quarter valued at $25,000. Westend Capital Management LLC acquired a new stake in shares of Fabrinet in the 4th quarter valued at $29,000. Harbour Investments Inc. lifted its stake in shares of Fabrinet by 75.0% in the 4th 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 last quarter. Creative Financial Designs Inc. ADV acquired a new stake in shares of Fabrinet in the 4th quarter valued at $32,000. Finally, Rakuten Securities Inc. lifted its stake in shares of Fabrinet by 340.9% in the 4th quarter. Rakuten Securities Inc. now owns 97 shares of the technology company’s stock valued at $44,000 after purchasing an additional 75 shares during the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.

Insider Activity

In other news, Director Homa Bahrami sold 2,500 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $711.91, for a total transaction of $1,779,775.00. Following the transaction, the director 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.24% of the company’s stock.

Fabrinet Price Performance

Fabrinet stock opened at $582.80 on Friday. The firm has a market cap of $20.88 billion, a price-to-earnings ratio of 50.07 and a beta of 1.17. Fabrinet has a fifty-two week low of $242.42 and a fifty-two week high of $748.89. The firm has a fifty day moving average price of $657.03 and a two-hundred day moving average price of $551.97.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on FN shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $800.00 price objective on shares of Fabrinet in a research note on Tuesday, May 5th. Weiss Ratings downgraded shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Northland Securities set a $800.00 target price on shares of Fabrinet in a research report on Monday, April 20th. JPMorgan Chase & Co. cut their target price on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Finally, Barclays boosted their target price on shares of Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.