Virtu Financial LLC Acquires Shares of 4,074 Fabrinet $FN

Virtu Financial LLC bought a new position in shares of Fabrinet (NYSE:FN) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 4,074 shares of the technology company’s stock, valued at approximately $1,854,000.

A number of other hedge funds have also recently modified their holdings of the stock. Core Wealth Advisors LLC purchased a new position in Fabrinet during the fourth quarter valued at approximately $25,000. Westend Capital Management LLC acquired a new position in shares of Fabrinet during the fourth quarter valued at approximately $29,000. Harbour Investments Inc. raised its stake in Fabrinet by 75.0% in the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after purchasing an additional 27 shares during the last quarter. Creative Financial Designs Inc. ADV purchased a new position in Fabrinet in the 4th quarter valued at $32,000. Finally, Quarry LP grew its holdings 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 buying an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Analysts Set New Price Targets

FN has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their price objective on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Weiss Ratings raised Fabrinet from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Fox Advisors cut shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research report on Tuesday, May 5th. Barclays boosted their price target on shares of Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Finally, Needham & Company LLC restated a “buy” rating and set a $800.00 price objective on shares of Fabrinet in a research report on Tuesday, May 5th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Fabrinet has an average rating of “Moderate Buy” and an average target price of $661.75.

Insiders Place Their Bets

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $711.91, for a total transaction of $1,779,775.00. Following the sale, the director directly owned 16,233 shares in the company, valued at $11,556,435.03. This represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.24% of the stock is currently owned by corporate insiders.

Fabrinet Trading Up 0.1%

Shares of FN opened at $574.48 on Friday. The company’s 50-day moving average price is $660.91 and its 200 day moving average price is $557.63. The firm has a market cap of $20.58 billion, a P/E ratio of 49.35 and a beta of 1.17. Fabrinet has a 12-month low of $261.03 and a 12-month high of $748.89.

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 analysts’ consensus estimates of $3.58 by $0.14. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the company posted $2.52 EPS. The firm’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. Equities research analysts forecast that Fabrinet will post 12.96 earnings per share for the current year.

Fabrinet 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.