Analog Century Management LP Sells 105,633 Shares of Fabrinet $FN

Analog Century Management LP lowered its stake in Fabrinet (NYSE:FN) by 37.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 173,298 shares of the technology company’s stock after selling 105,633 shares during the quarter. Fabrinet makes up approximately 3.9% of Analog Century Management LP’s investment portfolio, making the stock its 14th largest position. Analog Century Management LP’s holdings in Fabrinet were worth $78,899,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted 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 worth $1,507,829,000 after acquiring an additional 59,002 shares during the last quarter. Wasatch Advisors LP increased its stake 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 during the period. Geode Capital Management LLC increased its stake 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 during the period. JPMorgan Chase & Co. increased its stake in shares of Fabrinet by 64.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,065,414 shares of the technology company’s stock valued at $485,063,000 after buying an additional 419,081 shares during the period. Finally, Invesco Ltd. increased its stake 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 during the period. Institutional investors own 97.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FN. Rosenblatt Securities upped their price objective on Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. lowered their price objective on Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Barclays upped their price objective on Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Finally, Northland Securities set a $800.00 price objective on Fabrinet in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $661.75.

Insiders Place Their Bets

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of the stock in a transaction that occurred 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 completion of the sale, the director owned 16,233 shares of the company’s stock, valued at approximately $11,556,435.03. This represents a 13.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Fabrinet Stock Performance

NYSE:FN opened at $608.68 on Friday. The company has a market capitalization of $21.81 billion, a PE ratio of 52.29 and a beta of 1.17. The company has a 50 day simple moving average of $658.48 and a two-hundred day simple moving average of $552.37. Fabrinet has a fifty-two week low of $244.24 and a fifty-two week high of $748.89.

Fabrinet (NYSE:FN) last released its earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share for the quarter, beating analysts’ consensus estimates of $3.58 by $0.14. The business had revenue of $1.21 billion during 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%. The company’s revenue for the quarter was up 39.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Research analysts predict that Fabrinet will post 12.96 EPS for the current year.

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.