3,365 Shares in Fabrinet $FN Acquired by Worthington Financial Partners LLC

Worthington Financial Partners LLC bought a new stake in Fabrinet (NYSE:FN) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 3,365 shares of the technology company’s stock, valued at approximately $1,532,000. Fabrinet makes up approximately 1.4% of Worthington Financial Partners LLC’s portfolio, making the stock its 21st largest position.

A number of other large investors have also recently bought and sold shares of FN. Balboa Wealth Partners increased its position in Fabrinet by 2.5% during the fourth quarter. Balboa Wealth Partners now owns 863 shares of the technology company’s stock worth $393,000 after buying an additional 21 shares in the last quarter. Richardson Financial Services Inc. lifted its position in shares of Fabrinet by 12.2% in the fourth quarter. Richardson Financial Services Inc. now owns 211 shares of the technology company’s stock valued at $96,000 after acquiring an additional 23 shares in the last quarter. REAP Financial Group LLC lifted its position in shares of Fabrinet by 15.7% in the fourth quarter. REAP Financial Group LLC now owns 192 shares of the technology company’s stock valued at $87,000 after acquiring an additional 26 shares in the last quarter. Harbour Investments Inc. boosted its stake in shares of Fabrinet by 75.0% during the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after acquiring an additional 27 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Fabrinet by 7.4% during the fourth quarter. Allworth Financial LP now owns 405 shares of the technology company’s stock valued at $184,000 after acquiring an additional 28 shares during the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on FN shares. Fox Advisors downgraded shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research report on Tuesday, May 5th. Weiss Ratings raised shares of Fabrinet from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. Needham & Company LLC reiterated a “buy” rating and set a $800.00 price objective on shares of Fabrinet in a research note on Tuesday, May 5th. Northland Securities set a $800.00 price objective on shares of Fabrinet in a research report on Monday, April 20th. Finally, Rosenblatt Securities increased their price objective on shares of Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $661.75.

Fabrinet Stock Up 0.1%

FN opened at $574.48 on Friday. The firm has a market cap of $20.58 billion, a price-to-earnings ratio of 49.35 and a beta of 1.17. Fabrinet has a fifty-two week low of $261.03 and a fifty-two week high of $748.89. The company’s 50-day moving average price is $660.91 and its 200 day moving average price is $557.63.

Fabrinet (NYSE:FN) last issued its earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $1.19 billion. During the same quarter last year, the company posted $2.52 earnings per share. Fabrinet’s revenue was up 39.3% on a year-over-year basis. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Research analysts anticipate that Fabrinet will post 12.96 earnings per share for the current year.

Insider Buying and Selling at Fabrinet

In related news, Director Homa Bahrami sold 2,500 shares of the firm’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 sale, the director 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.24% of the company’s stock.

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.