Capital International Investors Sells 337,584 Shares of Fabrinet $FN

Capital International Investors decreased its position in shares of Fabrinet (NYSE:FN) by 52.9% during the 4th quarter, Holdings Channel reports. The fund owned 300,783 shares of the technology company’s stock after selling 337,584 shares during the quarter. Capital International Investors’ holdings in Fabrinet were worth $136,940,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Weiss Ratings downgraded shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Northland Securities set a $800.00 target price on shares of Fabrinet in a report on Monday, April 20th. Fox Advisors downgraded shares of Fabrinet from a “strong-buy” rating to an “equal weight” 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. Finally, Rosenblatt Securities boosted their target price on shares of Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $661.75.

Insider Activity at Fabrinet

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of the company’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 in the company, valued at $11,556,435.03. The trade was a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.24% of the stock is currently owned by corporate insiders.

Fabrinet Price Performance

NYSE:FN opened at $623.94 on Tuesday. Fabrinet has a one year low of $231.51 and a one year high of $748.89. The company has a market cap of $22.36 billion, a P/E ratio of 53.60 and a beta of 1.18. The firm’s fifty day moving average price is $653.49 and its two-hundred day moving average price is $548.06.

Fabrinet (NYSE:FN) last released its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 EPS 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 for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the company earned $2.52 earnings per share. The company’s quarterly revenue was up 39.3% on a year-over-year basis. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, equities research analysts expect that Fabrinet will post 12.96 earnings per share 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.