First Eagle Investment Management LLC Has $16.42 Million Stock Position in Fabrinet $FN

First Eagle Investment Management LLC reduced its position in shares of Fabrinet (NYSE:FN) by 29.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 45,028 shares of the technology company’s stock after selling 19,226 shares during the quarter. First Eagle Investment Management LLC owned about 0.13% of Fabrinet worth $16,418,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Cullen Frost Bankers Inc. raised its stake in shares of Fabrinet by 20.4% during the third quarter. Cullen Frost Bankers Inc. now owns 171 shares of the technology company’s stock worth $62,000 after buying an additional 29 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in Fabrinet by 3.2% during the 2nd quarter. Coldstream Capital Management Inc. now owns 998 shares of the technology company’s stock worth $294,000 after acquiring an additional 31 shares during the period. Evergreen Capital Management LLC lifted its stake in shares of Fabrinet by 1.0% in the 2nd quarter. Evergreen Capital Management LLC now owns 3,032 shares of the technology company’s stock valued at $893,000 after purchasing an additional 31 shares during the period. Stephens Inc. AR boosted its position in shares of Fabrinet by 4.4% in the 3rd quarter. Stephens Inc. AR now owns 782 shares of the technology company’s stock worth $285,000 after purchasing an additional 33 shares during the last quarter. Finally, Profund Advisors LLC grew its stake in shares of Fabrinet by 2.2% during the third quarter. Profund Advisors LLC now owns 1,505 shares of the technology company’s stock worth $549,000 after purchasing an additional 33 shares during the period. Institutional investors own 97.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FN. JPMorgan Chase & Co. increased their target price on Fabrinet from $430.00 to $530.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. Susquehanna lifted their price objective on shares of Fabrinet from $550.00 to $570.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. Weiss Ratings lowered shares of Fabrinet from a “buy (b)” rating to a “hold (c+)” rating in a report on Friday, February 13th. Barclays lifted their price target on shares of Fabrinet from $537.00 to $548.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. Finally, B. Riley Financial upped their price objective on shares of Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $541.25.

Insider Activity at Fabrinet

In other news, Director Thomas F. Kelly sold 2,200 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $464.14, for a total value of $1,021,108.00. Following the completion of the transaction, the director owned 18,789 shares in the company, valued at $8,720,726.46. This trade represents a 10.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.24% of the stock is currently owned by corporate insiders.

Fabrinet Stock Performance

NYSE:FN opened at $583.54 on Tuesday. The stock has a 50-day simple moving average of $491.44 and a 200 day simple moving average of $432.84. Fabrinet has a 52-week low of $148.55 and a 52-week high of $632.99. The company has a market cap of $20.91 billion, a PE ratio of 55.89 and a beta of 1.01.

Fabrinet (NYSE:FN) last issued its quarterly earnings results on Monday, February 2nd. The technology company reported $3.36 earnings per share for the quarter, topping the consensus estimate of $3.26 by $0.10. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Fabrinet had a net margin of 9.69% and a return on equity of 18.69%. The business’s quarterly revenue was up 35.9% on a year-over-year basis. During the same period last year, the business earned $2.61 EPS. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. On average, research analysts predict that Fabrinet will post 9.4 earnings per share for the current fiscal 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.