Fabrinet $FN Stock Holdings Lessened by Intech Investment Management LLC

Intech Investment Management LLC lowered its stake in Fabrinet (NYSE:FN) by 9.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,987 shares of the technology company’s stock after selling 1,641 shares during the period. Intech Investment Management LLC’s holdings in Fabrinet were worth $7,279,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Fabrinet by 1.4% in the third quarter. Vanguard Group Inc. now owns 4,135,345 shares of the technology company’s stock valued at $1,507,829,000 after buying an additional 59,002 shares in the last quarter. Wasatch Advisors LP increased its holdings in shares of Fabrinet by 45.1% in the second 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 in the last quarter. Geode Capital Management LLC increased its holdings in shares of Fabrinet by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 1,108,813 shares of the technology company’s stock valued at $504,886,000 after buying an additional 50,708 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Fabrinet by 33.3% in the third 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 in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Fabrinet by 1.7% in the third quarter. JPMorgan Chase & Co. now owns 646,333 shares of the technology company’s stock valued at $235,666,000 after buying an additional 10,621 shares in the last quarter. Institutional investors own 97.38% of the company’s stock.

Analysts Set New Price Targets

FN has been the topic of several research reports. B. Riley Financial upped their price target on Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Weiss Ratings cut shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday. JPMorgan Chase & Co. lowered their price objective on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Wolfe Research upgraded shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price objective on the stock in a research report on Wednesday, February 4th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $800.00 price objective on shares of Fabrinet 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 given a Hold rating to the stock. According to MarketBeat.com, Fabrinet presently has a consensus rating of “Moderate Buy” and a consensus target price of $661.75.

Fabrinet Stock Down 2.0%

Fabrinet stock opened at $654.70 on Friday. The company’s fifty day simple moving average is $640.33 and its 200-day simple moving average is $537.14. Fabrinet has a 12 month low of $224.66 and a 12 month high of $748.89. The stock has a market cap of $23.46 billion, a P/E ratio of 56.25 and a beta of 1.22.

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

Insider Activity

In related news, Director Homa Bahrami sold 2,500 shares of Fabrinet stock in a transaction on 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 of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this link. Insiders own 0.24% of the company’s stock.

Fabrinet Company 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.