Fabrinet $FN Shares Sold by Cim LLC

Cim LLC lessened its holdings in Fabrinet (NYSE:FN) by 30.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,269 shares of the technology company’s stock after selling 1,838 shares during the period. Cim LLC’s holdings in Fabrinet were worth $2,226,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Swedbank AB acquired a new stake in shares of Fabrinet in the 4th quarter worth $5,372,000. M&T Bank Corp boosted its holdings in Fabrinet by 196.5% in the 4th quarter. M&T Bank Corp now owns 2,345 shares of the technology company’s stock valued at $1,068,000 after purchasing an additional 1,554 shares during the last quarter. JSF Financial LLC purchased a new stake in shares of Fabrinet in the 4th quarter valued at approximately $957,000. Sei Investments Co. grew its stake in shares of Fabrinet by 22.0% in the 1st quarter. Sei Investments Co. now owns 89,843 shares of the technology company’s stock valued at $46,854,000 after buying an additional 16,218 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of Fabrinet by 4.0% during the 4th quarter. Principal Financial Group Inc. now owns 187,883 shares of the technology company’s stock worth $85,539,000 after buying an additional 7,233 shares during the last quarter. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Insider Activity

In other news, Director Homa Bahrami sold 2,500 shares of the stock in a transaction dated 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 transaction, the director owned 16,233 shares in the company, valued at approximately $11,556,435.03. This represents a 13.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.24% of the company’s stock.

Fabrinet Stock Performance

Fabrinet stock opened at $414.79 on Thursday. The company’s 50 day simple moving average is $565.63 and its 200-day simple moving average is $565.00. The company has a market capitalization of $14.86 billion, a price-to-earnings ratio of 35.63 and a beta of 1.20. Fabrinet has a 1 year low of $272.49 and a 1 year high of $748.89.

Fabrinet (NYSE:FN) last issued its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the business posted $2.52 EPS. The business’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. Equities analysts expect that Fabrinet will post 12.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Needham & Company LLC decreased their price objective on Fabrinet from $800.00 to $650.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Zacks Research lowered Fabrinet from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Northland Securities set a $800.00 target price on Fabrinet in a research note on Monday, April 20th. JPMorgan Chase & Co. reduced their target price on Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Finally, Weiss Ratings lowered Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 30th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $643.00.

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.