SG Capital Management LLC Reduces Stake in Fabrinet $FN

SG Capital Management LLC lowered its stake in Fabrinet (NYSE:FN) by 74.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,267 shares of the technology company’s stock after selling 197,358 shares during the quarter. Fabrinet makes up 1.4% of SG Capital Management LLC’s investment portfolio, making the stock its 17th largest position. SG Capital Management LLC’s holdings in Fabrinet were worth $19,822,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of FN. Cerity Partners LLC grew its stake in Fabrinet by 151.9% during the first quarter. Cerity Partners LLC now owns 3,300 shares of the technology company’s stock valued at $652,000 after acquiring an additional 1,990 shares in the last quarter. CWM LLC boosted its holdings in Fabrinet by 158.9% in the 1st quarter. CWM LLC now owns 2,258 shares of the technology company’s stock valued at $446,000 after purchasing an additional 1,386 shares during the period. Signaturefd LLC grew its position in shares of Fabrinet by 14.3% during the 1st quarter. Signaturefd LLC now owns 609 shares of the technology company’s stock valued at $120,000 after purchasing an additional 76 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of Fabrinet by 93.5% in the first quarter. SBI Securities Co. Ltd. now owns 180 shares of the technology company’s stock worth $36,000 after purchasing an additional 87 shares during the period. Finally, Larson Financial Group LLC increased its holdings in shares of Fabrinet by 2,830.0% in the first quarter. Larson Financial Group LLC now owns 293 shares of the technology company’s stock worth $58,000 after purchasing an additional 283 shares during the period. 97.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on FN shares. Barclays boosted their target price on Fabrinet from $329.00 to $499.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Fabrinet in a report on Wednesday, October 8th. Needham & Company LLC upped their price objective on shares of Fabrinet from $440.00 to $540.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Northland Securities set a $550.00 target price on shares of Fabrinet in a research note on Tuesday, November 4th. Finally, Rosenblatt Securities boosted their price target on shares of Fabrinet from $425.00 to $550.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Fabrinet currently has a consensus rating of “Moderate Buy” and a consensus price target of $451.29.

Insider Activity

In other news, COO Harpal Gill sold 14,203 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $355.15, for a total transaction of $5,044,195.45. Following the completion of the sale, the chief operating officer owned 13,983 shares of the company’s stock, valued at approximately $4,966,062.45. This represents a 50.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Edward T. Archer sold 3,333 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $354.48, for a total transaction of $1,181,481.84. Following the completion of the transaction, the executive vice president owned 6,644 shares in the company, valued at $2,355,165.12. This represents a 33.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 27,049 shares of company stock valued at $9,360,401. Insiders own 0.24% of the company’s stock.

Fabrinet Price Performance

Shares of NYSE FN opened at $412.56 on Friday. The stock has a market capitalization of $14.78 billion, a P/E ratio of 42.49 and a beta of 1.05. Fabrinet has a one year low of $148.55 and a one year high of $498.00. The firm’s 50 day simple moving average is $398.62 and its two-hundred day simple moving average is $320.33.

Fabrinet (NYSE:FN) last released its earnings results on Monday, November 3rd. The technology company reported $2.92 EPS for the quarter, beating the consensus estimate of $2.83 by $0.09. The company had revenue of $978.13 million for the quarter, compared to analyst estimates of $935.04 million. Fabrinet had a net margin of 9.77% and a return on equity of 18.16%. The firm’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.39 EPS. Fabrinet has set its Q2 2026 guidance at 3.150-3.300 EPS. As a group, equities analysts expect that Fabrinet will post 9.4 earnings per share for the current fiscal year.

Fabrinet Company Profile

Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing.