Fabrinet $FN Shares Sold by LRT Capital Management LLC

LRT Capital Management LLC cut its position in shares of Fabrinet (NYSE:FN) by 36.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,227 shares of the technology company’s stock after selling 5,239 shares during the period. Fabrinet accounts for 2.2% of LRT Capital Management LLC’s holdings, making the stock its 13th biggest position. LRT Capital Management LLC’s holdings in Fabrinet were worth $3,364,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its position in shares of Fabrinet by 25.8% in the third quarter. Larson Financial Group LLC now owns 161 shares of the technology company’s stock worth $59,000 after acquiring an additional 33 shares during the period. Lido Advisors LLC grew its position in shares of Fabrinet by 8.0% during the 3rd quarter. Lido Advisors LLC now owns 1,716 shares of the technology company’s stock valued at $626,000 after acquiring an additional 127 shares during the period. KADENSA CAPITAL Ltd purchased a new position in shares of Fabrinet in the 3rd quarter valued at about $16,147,000. HighVista Strategies LLC purchased a new position in shares of Fabrinet in the 3rd quarter valued at about $1,860,000. Finally, Holocene Advisors LP acquired a new position in Fabrinet in the 3rd quarter worth about $124,847,000. Institutional investors and hedge funds own 97.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Rosenblatt Securities reiterated a “buy” rating and set a $550.00 price target on shares of Fabrinet in a research report on Tuesday, February 3rd. Wolfe Research raised Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 target price for the company in a research note on Wednesday, February 4th. Needham & Company LLC reiterated a “buy” rating and set a $540.00 target price on shares of Fabrinet in a research report on Tuesday, February 3rd. Barclays lifted their price target on shares of Fabrinet from $537.00 to $548.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Finally, Northland Securities set a $600.00 price target on shares of Fabrinet in a report on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Fabrinet currently has an average rating of “Moderate Buy” and an average target price of $541.25.

Fabrinet Price Performance

Shares of Fabrinet stock opened at $514.10 on Tuesday. The stock has a market capitalization of $18.42 billion, a P/E ratio of 49.24 and a beta of 1.01. The business has a 50 day simple moving average of $502.67 and a two-hundred day simple moving average of $448.00. Fabrinet has a 12 month low of $148.55 and a 12 month high of $632.99.

Fabrinet (NYSE:FN) last issued its quarterly earnings results on Monday, February 2nd. The technology company reported $3.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.26 by $0.10. Fabrinet had a return on equity of 18.69% and a net margin of 9.69%.The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the company posted $2.61 earnings per share. The business’s revenue was up 35.9% on a year-over-year basis. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. As a group, research analysts anticipate that Fabrinet will post 9.4 EPS for the current fiscal 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.