Rice Hall James & Associates LLC Reduces Position in Fabrinet $FN

Rice Hall James & Associates LLC decreased its holdings in Fabrinet (NYSE:FN) by 4.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 106,516 shares of the technology company’s stock after selling 4,434 shares during the quarter. Fabrinet accounts for about 2.7% of Rice Hall James & Associates LLC’s holdings, making the stock its 4th biggest position. Rice Hall James & Associates LLC’s holdings in Fabrinet were worth $48,495,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Core Wealth Advisors LLC bought a new position in shares of Fabrinet during the fourth quarter worth approximately $25,000. Westend Capital Management LLC bought a new position in shares of Fabrinet during the fourth quarter worth approximately $29,000. Harbour Investments Inc. increased its stake in shares of Fabrinet by 75.0% during the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock worth $29,000 after purchasing an additional 27 shares during the period. Creative Financial Designs Inc. ADV bought a new position in shares of Fabrinet during the fourth quarter worth approximately $32,000. Finally, Quarry LP increased its stake in shares of Fabrinet by 300.0% during the fourth quarter. Quarry LP now owns 72 shares of the technology company’s stock worth $33,000 after purchasing an additional 54 shares during the period. Institutional investors own 97.38% of the company’s stock.

Insider Buying and Selling

In related news, Director Homa Bahrami sold 2,500 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $711.91, for a total transaction of $1,779,775.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FN. Rosenblatt Securities increased their target price on Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Fox Advisors downgraded Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. Weiss Ratings downgraded Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Finally, Northland Securities set a $800.00 price objective on Fabrinet in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Fabrinet currently has a consensus rating of “Moderate Buy” and an average price target of $661.75.

Fabrinet Trading Up 3.9%

FN stock opened at $634.88 on Tuesday. The stock has a 50-day moving average price of $660.05 and a 200-day moving average price of $554.78. Fabrinet has a 1-year low of $248.27 and a 1-year high of $748.89. The firm has a market cap of $22.75 billion, a PE ratio of 54.54 and a beta of 1.18.

Fabrinet (NYSE:FN) last posted its quarterly earnings data 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. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the company posted $2.52 EPS. The business’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. On average, analysts forecast that Fabrinet will post 12.96 earnings per share 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.