LRT Capital Management LLC Has $2.26 Million Stake in Fabrinet $FN

LRT Capital Management LLC lowered its position in Fabrinet (NYSE:FN) by 46.2% during the fourth quarter, Holdings Channel reports. The firm owned 4,963 shares of the technology company’s stock after selling 4,264 shares during the period. Fabrinet comprises 1.9% of LRT Capital Management LLC’s portfolio, making the stock its 15th largest holding. LRT Capital Management LLC’s holdings in Fabrinet were worth $2,260,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of FN. Core Wealth Advisors LLC bought a new stake in shares of Fabrinet in the 4th quarter valued at $25,000. Westend Capital Management LLC acquired a new position in shares of Fabrinet during the 4th quarter valued at $29,000. Harbour Investments Inc. boosted its stake in Fabrinet by 75.0% during the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock worth $29,000 after acquiring an additional 27 shares in the last quarter. Creative Financial Designs Inc. ADV bought a new position in Fabrinet during the fourth quarter worth $32,000. Finally, Quarry LP boosted its stake in Fabrinet by 300.0% during the fourth quarter. Quarry LP now owns 72 shares of the technology company’s stock worth $33,000 after acquiring an additional 54 shares in the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.

Insider Buying and Selling at Fabrinet

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $711.91, for a total value of $1,779,775.00. Following the transaction, the director directly owned 16,233 shares of the company’s stock, valued at approximately $11,556,435.03. This trade represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on FN shares. Rosenblatt Securities increased their target price on shares of Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Needham & Company LLC reissued a “buy” rating and set a $800.00 target price on shares of Fabrinet in a research note on Tuesday, May 5th. Barclays increased their target price on shares of Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Fox Advisors lowered shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research note on Tuesday, May 5th. Finally, Northland Securities set a $800.00 target price on shares of 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 company. Based on data from MarketBeat.com, Fabrinet has a consensus rating of “Moderate Buy” and a consensus price target of $661.75.

Fabrinet Stock Up 4.5%

Shares of FN opened at $608.68 on Friday. Fabrinet has a 12-month low of $244.24 and a 12-month high of $748.89. The business’s fifty day moving average is $658.48 and its 200 day moving average is $552.37. The stock has a market cap of $21.81 billion, a P/E ratio of 52.29 and a beta of 1.17.

Fabrinet (NYSE:FN) last released its quarterly earnings data 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. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the firm earned $2.52 earnings per share. The business’s quarterly revenue was up 39.3% compared to the same quarter last year. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. On average, analysts expect 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.