Campbell Newman Asset Management Inc. Sells 1,640 Shares of Fabrinet $FN

Campbell Newman Asset Management Inc. cut its position in shares of Fabrinet (NYSE:FN) by 15.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,846 shares of the technology company’s stock after selling 1,640 shares during the quarter. Campbell Newman Asset Management Inc.’s holdings in Fabrinet were worth $4,613,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its stake in Fabrinet by 163.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,041,227 shares of the technology company’s stock valued at $1,839,891,000 after buying an additional 2,504,841 shares during the last quarter. Wasatch Advisors LP boosted its stake in shares of Fabrinet by 45.1% in the 2nd quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock worth $524,432,000 after buying an additional 553,196 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Fabrinet by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 1,108,813 shares of the technology company’s stock worth $504,886,000 after buying an additional 50,708 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Fabrinet by 64.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,065,414 shares of the technology company’s stock valued at $485,063,000 after acquiring an additional 419,081 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Fabrinet by 33.3% in the third quarter. Invesco Ltd. now owns 681,850 shares of the technology company’s stock valued at $248,616,000 after acquiring an additional 170,297 shares in the last quarter. 97.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on FN shares. Barclays increased their price target on Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. reduced their price objective on Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Weiss Ratings upgraded Fabrinet from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, June 15th. Zacks Research lowered Fabrinet from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Finally, Fox Advisors cut Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research note on Tuesday, May 5th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $661.75.

Insider Buying and Selling

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 shares were sold at an average price of $711.91, for a total value of $1,779,775.00. Following the completion of the transaction, the director directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.24% of the company’s stock.

Fabrinet Stock Up 0.1%

NYSE FN opened at $574.48 on Monday. The company has a market cap of $20.58 billion, a PE ratio of 49.35 and a beta of 1.18. Fabrinet has a 52 week low of $261.03 and a 52 week high of $748.89. The firm’s 50-day simple moving average is $660.91 and its two-hundred day simple moving average is $558.40.

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

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.