Fabrinet $FN Shares Sold by Neumeier Poma Investment Counsel LLC

Neumeier Poma Investment Counsel LLC lessened its position in Fabrinet (NYSE:FN) by 0.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 87,671 shares of the technology company’s stock after selling 720 shares during the period. Fabrinet makes up 3.3% of Neumeier Poma Investment Counsel LLC’s investment portfolio, making the stock its 13th largest holding. Neumeier Poma Investment Counsel LLC owned 0.24% of Fabrinet worth $39,915,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Core Wealth Advisors LLC acquired a new stake in shares of Fabrinet in the 4th quarter worth $25,000. Westend Capital Management LLC purchased a new position in shares of Fabrinet in the 4th quarter valued at about $29,000. Harbour Investments Inc. increased its holdings in shares of Fabrinet by 75.0% in the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after purchasing an additional 27 shares in the last quarter. Creative Financial Designs Inc. ADV purchased a new position in shares of Fabrinet in the 4th quarter valued at about $32,000. Finally, Rakuten Securities Inc. increased its holdings in shares of Fabrinet by 340.9% in the 4th quarter. Rakuten Securities Inc. now owns 97 shares of the technology company’s stock valued at $44,000 after purchasing an additional 75 shares in the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.

Insider Activity

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of the firm’s stock in a transaction dated 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 directly owned 16,233 shares of the company’s stock, valued at $11,556,435.03. This trade represents a 13.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.24% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their price target on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Barclays increased their price target on shares of Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Zacks Research upgraded shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Needham & Company LLC reiterated a “buy” rating and issued a $800.00 price target on shares of Fabrinet in a report on Tuesday, May 5th. Finally, Northland Securities set a $800.00 price target on shares of Fabrinet in a report on Monday, April 20th. One research 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $661.75.

Fabrinet Trading Down 0.8%

NYSE:FN opened at $719.28 on Friday. The firm has a 50-day moving average price of $651.77 and a two-hundred day moving average price of $545.09. Fabrinet has a twelve month low of $231.51 and a twelve month high of $748.89. The company has a market capitalization of $25.77 billion, a P/E ratio of 61.79 and a beta of 1.17.

Fabrinet (NYSE:FN) last posted its earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.14. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The firm 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 posted $2.52 EPS. The firm’s revenue for the quarter was up 39.3% on a year-over-year basis. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. On average, equities research analysts predict that Fabrinet will post 12.96 earnings per share 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.