First Eagle Investment Management LLC Sells 16,355 Shares of Fabrinet $FN

First Eagle Investment Management LLC reduced its position in shares of Fabrinet (NYSE:FN) by 36.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 28,673 shares of the technology company’s stock after selling 16,355 shares during the quarter. First Eagle Investment Management LLC’s holdings in Fabrinet were worth $13,054,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Fabrinet by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 4,135,345 shares of the technology company’s stock worth $1,507,829,000 after buying an additional 59,002 shares during the period. Wasatch Advisors LP boosted its holdings in shares of Fabrinet by 45.1% during the 2nd quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock worth $524,432,000 after buying an additional 553,196 shares during the period. Invesco Ltd. boosted its holdings in Fabrinet by 33.3% in the 3rd quarter. Invesco Ltd. now owns 681,850 shares of the technology company’s stock valued at $248,616,000 after purchasing an additional 170,297 shares during the period. JPMorgan Chase & Co. boosted its holdings in Fabrinet by 1.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 646,333 shares of the technology company’s stock valued at $235,666,000 after purchasing an additional 10,621 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in Fabrinet by 226.1% in the 3rd quarter. Alliancebernstein L.P. now owns 499,177 shares of the technology company’s stock valued at $182,010,000 after purchasing an additional 346,113 shares during the period. 97.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wolfe Research raised shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price target for the company in a report on Wednesday, February 4th. Zacks Research raised shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. B. Riley Financial increased their price target on shares of Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Northland Securities set a $800.00 price target on shares of Fabrinet in a report on Monday, April 20th. Finally, Fox Advisors downgraded shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. One 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $661.75.

Fabrinet Stock Performance

NYSE:FN opened at $634.80 on Wednesday. The company has a 50-day moving average of $597.38 and a 200-day moving average of $514.96. The company has a market capitalization of $22.74 billion, a price-to-earnings ratio of 54.54 and a beta of 1.22. Fabrinet has a 52 week low of $215.50 and a 52 week high of $734.79.

Fabrinet (NYSE:FN) last released its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $3.58 by $0.14. The company 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 firm’s revenue for the quarter was up 39.3% compared to the same quarter last year. During the same period last year, the firm earned $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Sell-side analysts forecast that Fabrinet will post 12.96 EPS for the current year.

About Fabrinet

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.