Fabrinet $FN Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC decreased its position in Fabrinet (NYSE:FN) by 13.7% in the 4th quarter, HoldingsChannel reports. The firm owned 23,327 shares of the technology company’s stock after selling 3,698 shares during the period. Motley Fool Wealth Management LLC’s holdings in Fabrinet were worth $10,620,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Divisadero Street Capital Management LP grew its stake in Fabrinet by 57.4% in the 3rd quarter. Divisadero Street Capital Management LP now owns 56,344 shares of the technology company’s stock worth $20,544,000 after acquiring an additional 20,556 shares during the period. Swedbank AB purchased a new stake in Fabrinet in the 4th quarter worth approximately $5,372,000. M&T Bank Corp grew its stake in Fabrinet by 196.5% in the 4th quarter. M&T Bank Corp now owns 2,345 shares of the technology company’s stock worth $1,068,000 after acquiring an additional 1,554 shares during the period. Munich Reinsurance Co Stock Corp in Munich purchased a new stake in Fabrinet in the 3rd quarter worth approximately $2,923,000. Finally, JSF Financial LLC purchased a new stake in Fabrinet in the 4th quarter worth approximately $957,000. Institutional investors and hedge funds own 97.38% of the company’s stock.

Fabrinet Stock Down 6.0%

Shares of FN opened at $586.25 on Wednesday. The firm has a market cap of $21.01 billion, a PE ratio of 50.37 and a beta of 1.17. The company’s fifty day moving average is $654.15 and its two-hundred day moving average is $549.25. Fabrinet has a fifty-two week low of $231.95 and a fifty-two week high of $748.89.

Fabrinet (NYSE:FN) last posted its earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.14. The business had revenue of $1.21 billion for 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 quarterly revenue was up 39.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, equities research analysts anticipate that Fabrinet will post 12.96 earnings per share for the current year.

Wall Street Analyst Weigh In

FN has been the subject of several recent analyst reports. Northland Securities set a $800.00 target price on shares of Fabrinet in a research note on Monday, April 20th. Weiss Ratings cut shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Rosenblatt Securities lifted their target price on shares of Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Barclays lifted their target price 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. Finally, JPMorgan Chase & Co. decreased their price target on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $661.75.

Insider Buying and Selling at Fabrinet

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 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 legal filing with the SEC, which can be accessed 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.