Fabrinet $FN is Wasatch Advisors LP’s 6th Largest Position

Wasatch Advisors LP trimmed its position in shares of Fabrinet (NYSE:FN) by 14.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 703,140 shares of the technology company’s stock after selling 119,777 shares during the period. Fabrinet makes up 2.4% of Wasatch Advisors LP’s portfolio, making the stock its 6th biggest position. Wasatch Advisors LP owned 1.96% of Fabrinet worth $366,702,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC acquired a new position in Fabrinet in the 1st quarter worth $203,000. Empowered Funds LLC acquired a new stake in shares of Fabrinet during the first quarter valued at about $2,331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Fabrinet by 4.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,444 shares of the technology company’s stock valued at $15,691,000 after acquiring an additional 3,717 shares in the last quarter. M&T Bank Corp purchased a new stake in shares of Fabrinet during the second quarter worth about $214,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Fabrinet by 574.7% during the second quarter. EverSource Wealth Advisors LLC now owns 533 shares of the technology company’s stock worth $157,000 after acquiring an additional 454 shares during the last quarter. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Insider Activity at Fabrinet

In other news, Director Homa Bahrami sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $711.91, for a total value of $1,779,775.00. Following the completion of the sale, the director directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FN. Fox Advisors downgraded Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. Weiss Ratings upgraded Fabrinet from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 15th. Zacks Research lowered Fabrinet from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Barclays upped their target price on Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Finally, Rosenblatt Securities increased their target price on Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $661.75.

Fabrinet Stock Performance

Shares of FN stock opened at $527.65 on Friday. Fabrinet has a one year low of $272.49 and a one year high of $748.89. The company’s 50-day simple moving average is $651.37 and its 200-day simple moving average is $561.65. The stock has a market capitalization of $18.91 billion, a price-to-earnings ratio of 45.33 and a beta of 1.17.

Fabrinet (NYSE:FN) last posted its quarterly earnings results on Monday, May 4th. The technology company reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $3.58 by $0.14. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the firm earned $2.52 earnings per share. The company’s revenue for the quarter was up 39.3% compared to the same quarter last year. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, research analysts forecast that Fabrinet will post 12.96 EPS for the current year.

Fabrinet 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.