Stephens Investment Management Group LLC Sells 3,812 Shares of Fabrinet $FN

Stephens Investment Management Group LLC decreased its holdings in Fabrinet (NYSE:FN) by 2.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 134,288 shares of the technology company’s stock after selling 3,812 shares during the quarter. Stephens Investment Management Group LLC owned 0.37% of Fabrinet worth $70,034,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of FN. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Fabrinet in the first quarter valued at approximately $203,000. Empowered Funds LLC acquired a new stake in Fabrinet during the first quarter worth approximately $2,331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Fabrinet by 4.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,444 shares of the technology company’s stock worth $15,691,000 after acquiring an additional 3,717 shares during the period. M&T Bank Corp bought a new position in Fabrinet during the 2nd quarter worth $214,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Fabrinet by 574.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 533 shares of the technology company’s stock valued at $157,000 after acquiring an additional 454 shares in the last quarter. 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 dated Friday, May 22nd. The stock was sold at an average price of $711.91, for a total value of $1,779,775.00. Following the transaction, the director 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 SEC, which is available at this link. 0.24% of the stock is owned by company insiders.

Fabrinet Price Performance

NYSE FN opened at $498.93 on Friday. The business has a fifty day moving average price of $635.20 and a two-hundred day moving average price of $562.59. The stock has a market capitalization of $17.88 billion, a PE ratio of 42.86 and a beta of 1.20. Fabrinet has a fifty-two week low of $272.49 and a fifty-two week high of $748.89.

Fabrinet (NYSE:FN) last issued 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. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the company posted $2.52 EPS. The company’s revenue for the quarter was up 39.3% compared to the same quarter last year. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, sell-side analysts expect that Fabrinet will post 12.96 earnings per share for the current year.

Wall Street Analyst Weigh In

FN has been the subject of a number of recent analyst reports. Fox Advisors downgraded Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. decreased their price target on Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Zacks Research downgraded Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. 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. Finally, Weiss Ratings downgraded shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $661.75.

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.