De Lisle Partners LLP Lowers Stock Position in Fabrinet $FN

De Lisle Partners LLP lessened its holdings in Fabrinet (NYSE:FN) by 47.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,891 shares of the technology company’s stock after selling 14,109 shares during the period. De Lisle Partners LLP’s holdings in Fabrinet were worth $7,228,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of FN. Balboa Wealth Partners raised its position in Fabrinet by 2.5% in the 4th quarter. Balboa Wealth Partners now owns 863 shares of the technology company’s stock valued at $393,000 after purchasing an additional 21 shares during the last quarter. Richardson Financial Services Inc. raised its position in Fabrinet by 12.2% in the 4th quarter. Richardson Financial Services Inc. now owns 211 shares of the technology company’s stock valued at $96,000 after purchasing an additional 23 shares during the last quarter. REAP Financial Group LLC raised its position in Fabrinet by 15.7% in the 4th quarter. REAP Financial Group LLC now owns 192 shares of the technology company’s stock valued at $87,000 after purchasing an additional 26 shares during the last quarter. Harbour Investments Inc. raised its position in Fabrinet by 75.0% in the 4th 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. Finally, Allworth Financial LP raised its position in Fabrinet by 7.4% in the 4th quarter. Allworth Financial LP now owns 405 shares of the technology company’s stock valued at $184,000 after purchasing an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Fabrinet Stock Up 4.5%

NYSE:FN opened at $608.68 on Friday. Fabrinet has a fifty-two week low of $244.24 and a fifty-two week high of $748.89. The stock has a market cap of $21.81 billion, a PE ratio of 52.29 and a beta of 1.17. The firm’s fifty day simple moving average is $658.48 and its 200-day simple moving average is $552.37.

Fabrinet (NYSE:FN) last posted its quarterly earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share 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 business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the company posted $2.52 EPS. The business’s revenue for the quarter was up 39.3% on a year-over-year basis. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Equities analysts anticipate that Fabrinet will post 12.96 earnings per share for the current year.

Insider Buying and Selling at Fabrinet

In other 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 transaction of $1,779,775.00. Following the transaction, the director directly owned 16,233 shares of the company’s stock, valued at $11,556,435.03. This represents a 13.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.24% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Weiss Ratings cut shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Fox Advisors cut shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research note on Tuesday, May 5th. Barclays boosted their price objective on shares of Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. dropped their price objective on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $800.00 price objective on shares of Fabrinet in a research note on Tuesday, May 5th. One 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $661.75.

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.