Argent Capital Management LLC Buys 2,817 Shares of Fabrinet $FN

Argent Capital Management LLC grew its stake in shares of Fabrinet (NYSE:FN) by 21.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,211 shares of the technology company’s stock after acquiring an additional 2,817 shares during the period. Argent Capital Management LLC’s holdings in Fabrinet were worth $8,454,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Core Wealth Advisors LLC bought a new stake in Fabrinet in the 4th quarter valued at about $25,000. Harbour Investments Inc. lifted its position in Fabrinet by 75.0% during the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock worth $29,000 after purchasing an additional 27 shares during the period. Cassaday & Co Wealth Management LLC acquired a new stake in Fabrinet during the first quarter worth about $31,000. Creative Financial Designs Inc. ADV acquired a new stake in shares of Fabrinet during the 4th quarter worth approximately $32,000. Finally, Quarry LP increased its stake in shares of Fabrinet by 300.0% in the 4th quarter. Quarry LP now owns 72 shares of the technology company’s stock valued at $33,000 after purchasing an additional 54 shares during the last quarter. Institutional investors own 97.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings downgraded shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 30th. Barclays boosted their price objective on shares of Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Rosenblatt Securities increased their target price on shares of Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Northland Securities set a $800.00 price objective on shares of Fabrinet in a research note on Monday, April 20th. Finally, Zacks Research cut Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $643.00.

Fabrinet Price Performance

NYSE:FN opened at $437.60 on Friday. The firm has a 50-day moving average of $555.01 and a 200-day moving average of $564.06. The company has a market cap of $15.68 billion, a PE ratio of 37.59 and a beta of 1.20. Fabrinet has a one year low of $272.49 and a one year high of $748.89.

Fabrinet (NYSE:FN) last issued its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 EPS for the quarter, topping the consensus estimate of $3.58 by $0.14. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The company’s quarterly revenue was up 39.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. On average, equities research analysts expect that Fabrinet will post 12.97 earnings per share for the current fiscal year.

Insider Transactions at Fabrinet

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of the stock in a transaction dated Friday, May 22nd. The shares were 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 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.24% of the company’s stock.

About Fabrinet

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.