Goldman Sachs Group Inc. Raises Stock Holdings in Fabrinet $FN

Goldman Sachs Group Inc. raised its holdings in shares of Fabrinet (NYSE:FN) by 32.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 383,899 shares of the technology company’s stock after buying an additional 94,526 shares during the period. Goldman Sachs Group Inc.’s holdings in Fabrinet were worth $174,782,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of FN. Core Wealth Advisors LLC acquired a new position in shares of Fabrinet in the 4th quarter valued at approximately $25,000. Westend Capital Management LLC bought a new stake in shares of Fabrinet in the fourth quarter worth $29,000. Harbour Investments Inc. increased its stake in shares of Fabrinet by 75.0% in the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock worth $29,000 after buying an additional 27 shares during the last quarter. Creative Financial Designs Inc. ADV acquired a new stake in Fabrinet in the fourth quarter valued at $32,000. Finally, Rakuten Securities Inc. raised its holdings in Fabrinet by 340.9% in the fourth quarter. Rakuten Securities Inc. now owns 97 shares of the technology company’s stock valued at $44,000 after acquiring an additional 75 shares in the last quarter. 97.38% of the stock is currently owned by hedge funds and other institutional investors.

Fabrinet Price Performance

FN stock opened at $622.08 on Monday. The firm has a market cap of $22.29 billion, a price-to-earnings ratio of 53.44 and a beta of 1.18. Fabrinet has a 1-year low of $231.51 and a 1-year high of $748.89. The firm has a fifty day moving average price of $651.98 and a two-hundred day moving average price of $546.54.

Fabrinet (NYSE:FN) last posted its quarterly earnings results 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 net margin of 9.94% and a return on equity of 19.83%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the firm posted $2.52 EPS. The company’s revenue for the quarter 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, analysts expect that Fabrinet will post 12.96 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on FN. Barclays raised their price objective on shares of Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 price target on shares of Fabrinet in a research report on Tuesday, May 5th. Fox Advisors downgraded Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research note 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 report on Tuesday, May 5th. Finally, Weiss Ratings cut Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. One 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $661.75.

Insider Transactions at Fabrinet

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of the firm’s 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 transaction, the director owned 16,233 shares of the company’s stock, valued at $11,556,435.03. This trade represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.24% of the stock is owned by corporate insiders.

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.