Fabrinet (NYSE:FN) Director Homa Bahrami Sells 2,500 Shares

Fabrinet (NYSE:FN) Director Homa Bahrami sold 2,500 shares of the stock in a transaction that occurred 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 completion of the sale, the director directly owned 16,233 shares of the company’s stock, 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 is accessible through the SEC website.

Fabrinet Trading Up 0.4%

NYSE:FN traded up $2.62 during trading hours on Friday, hitting $705.89. The company had a trading volume of 483,823 shares, compared to its average volume of 748,844. The company has a 50-day moving average of $619.27 and a 200 day moving average of $528.19. The company has a market cap of $25.29 billion, a P/E ratio of 60.64 and a beta of 1.22. Fabrinet has a 1 year low of $222.66 and a 1 year high of $748.89.

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Barclays boosted their target price on shares of Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Fox Advisors lowered shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research report on Tuesday, May 5th. Wolfe Research upgraded Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price objective for the company in a research report on Wednesday, February 4th. Rosenblatt Securities raised their target price on Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Fabrinet has an average rating of “Moderate Buy” and an average target price of $661.75.

Hedge Funds Weigh In On Fabrinet

Hedge funds have recently made changes to their positions in the stock. Divisadero Street Capital Management LP increased its stake in Fabrinet by 57.4% during the third quarter. Divisadero Street Capital Management LP now owns 56,344 shares of the technology company’s stock worth $20,544,000 after purchasing an additional 20,556 shares during the period. Azzad Asset Management Inc. ADV acquired a new stake in shares of Fabrinet during the third quarter worth about $1,037,000. M&T Bank Corp boosted its stake in shares of Fabrinet by 196.5% in the fourth 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 period. New York State Common Retirement Fund boosted its stake in shares of Fabrinet by 67.7% in the third quarter. New York State Common Retirement Fund now owns 64,142 shares of the technology company’s stock valued at $23,387,000 after purchasing an additional 25,889 shares during the period. Finally, Federated Hermes Inc. grew its holdings in shares of Fabrinet by 105.2% in the third quarter. Federated Hermes Inc. now owns 5,982 shares of the technology company’s stock valued at $2,181,000 after purchasing an additional 3,067 shares in the last quarter. Hedge funds and other institutional investors own 97.38% of the company’s stock.

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.