Fabrinet $FN Holdings Trimmed by Emerald Advisers LLC

Emerald Advisers LLC reduced its position in shares of Fabrinet (NYSE:FN) by 1.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 107,493 shares of the technology company’s stock after selling 1,796 shares during the quarter. Fabrinet accounts for 1.8% of Emerald Advisers LLC’s investment portfolio, making the stock its 8th biggest holding. Emerald Advisers LLC’s holdings in Fabrinet were worth $56,060,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Divisadero Street Capital Management LP raised its position 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 valued at $20,544,000 after buying an additional 20,556 shares during the period. Swedbank AB acquired a new stake in Fabrinet during the 4th quarter worth about $5,372,000. M&T Bank Corp boosted its position in Fabrinet by 196.5% during the 4th quarter. M&T Bank Corp now owns 2,345 shares of the technology company’s stock worth $1,068,000 after acquiring an additional 1,554 shares during the period. JSF Financial LLC purchased a new position in Fabrinet during the 4th quarter valued at about $957,000. Finally, HighVista Strategies LLC purchased a new position in Fabrinet during the 3rd quarter valued at about $1,860,000. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Insiders Place Their Bets

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of Fabrinet 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 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.24% of the company’s stock.

Fabrinet Price Performance

Shares of FN stock opened at $475.10 on Tuesday. Fabrinet has a fifty-two week low of $272.49 and a fifty-two week high of $748.89. The stock’s 50-day moving average is $611.51 and its two-hundred day moving average is $563.95. The firm has a market cap of $17.02 billion, a P/E ratio of 40.82 and a beta of 1.20.

Fabrinet (NYSE:FN) last announced its quarterly earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.14. The business had revenue of $1.21 billion during 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 firm’s revenue was up 39.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, research analysts expect that Fabrinet will post 12.96 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FN. Barclays increased their price target on shares of Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 price objective on shares of Fabrinet in a research report 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. Weiss Ratings downgraded shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 30th. Finally, Wall Street Zen upgraded shares of Fabrinet from a “hold” rating to a “buy” rating in a research report on Sunday. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Fabrinet currently has a consensus rating of “Moderate Buy” and an average price target 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.