WINTON GROUP Ltd Sells 1,167 Shares of Fabrinet $FN

WINTON GROUP Ltd trimmed its holdings in Fabrinet (NYSE:FN) by 31.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,504 shares of the technology company’s stock after selling 1,167 shares during the quarter. WINTON GROUP Ltd’s holdings in Fabrinet were worth $1,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Divisadero Street Capital Management LP increased its stake in shares of 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 in the last quarter. Swedbank AB bought a new stake in Fabrinet during the 4th quarter valued at about $5,372,000. M&T Bank Corp increased its stake in Fabrinet by 196.5% during the 4th quarter. M&T Bank Corp now owns 2,345 shares of the technology company’s stock valued at $1,068,000 after purchasing an additional 1,554 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich bought a new stake in Fabrinet during the 3rd quarter valued at about $2,923,000. Finally, JSF Financial LLC bought a new stake in Fabrinet during the 4th quarter valued at about $957,000. 97.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Barclays raised their price objective on shares of Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. reduced their price objective on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Northland Securities set a $800.00 price objective on shares of Fabrinet in a research note on Monday, April 20th. Zacks Research upgraded shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings lowered Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. One equities research 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. Based on data from MarketBeat.com, Fabrinet currently has an average rating of “Moderate Buy” and an average target price of $661.75.

Fabrinet Price Performance

Shares of NYSE:FN opened at $586.25 on Wednesday. Fabrinet has a 1-year low of $231.95 and a 1-year high of $748.89. The firm’s 50 day simple moving average is $654.15 and its two-hundred day simple moving average is $549.25. The company has a market capitalization of $21.01 billion, a P/E ratio of 50.37 and a beta of 1.17.

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

Insider Transactions at Fabrinet

In related news, Director Homa Bahrami sold 2,500 shares of the company’s 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 sale, the director owned 16,233 shares of the company’s stock, valued at $11,556,435.03. This represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.24% of the stock is currently owned by 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.