Herald Investment Management Ltd Has $53.15 Million Stock Position in Fabrinet $FN

Herald Investment Management Ltd trimmed its stake in Fabrinet (NYSE:FN) by 5.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 145,600 shares of the technology company’s stock after selling 9,000 shares during the period. Fabrinet comprises 7.1% of Herald Investment Management Ltd’s holdings, making the stock its 2nd biggest holding. Herald Investment Management Ltd’s holdings in Fabrinet were worth $53,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. 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 valued at $62,000 after acquiring an additional 29 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in shares of 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 in the last quarter. Evergreen Capital Management LLC increased its position in shares of Fabrinet by 1.0% during the second quarter. Evergreen Capital Management LLC now owns 3,032 shares of the technology company’s stock worth $893,000 after purchasing an additional 31 shares in the last quarter. Stephens Inc. AR raised its stake in Fabrinet by 4.4% in the third quarter. Stephens Inc. AR now owns 782 shares of the technology company’s stock valued at $285,000 after buying an additional 33 shares during the last quarter. Finally, Profund Advisors LLC raised its position in shares of Fabrinet by 2.2% in the 3rd quarter. Profund Advisors LLC now owns 1,505 shares of the technology company’s stock valued at $549,000 after purchasing an additional 33 shares during the last quarter. 97.38% of the stock is currently owned by institutional investors.

Insider Activity

In other Fabrinet news, CEO Seamus Grady sold 22,451 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $446.95, for a total transaction of $10,034,474.45. Following the completion of the transaction, the chief executive officer owned 23,573 shares of the company’s stock, valued at approximately $10,535,952.35. This trade represents a 48.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Thomas F. Kelly sold 2,200 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $464.14, for a total transaction of $1,021,108.00. Following the transaction, the director directly owned 18,789 shares in the company, valued at $8,720,726.46. The trade was a 10.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 28,151 shares of company stock worth $12,643,707 over the last ninety days. 0.24% of the stock is currently owned by insiders.

Analysts Set New Price Targets

FN has been the topic of several research reports. Rosenblatt Securities reiterated a “buy” rating and issued a $550.00 price target on shares of Fabrinet in a report on Tuesday, February 3rd. Needham & Company LLC reiterated a “buy” rating and set a $540.00 target price on shares of Fabrinet in a research report on Tuesday, February 3rd. Northland Securities set a $600.00 target price on Fabrinet in a report on Monday, December 22nd. Susquehanna raised their target price 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. Finally, Wolfe Research raised shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price target for the company in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $511.11.

Fabrinet Stock Performance

Shares of Fabrinet stock opened at $496.92 on Friday. Fabrinet has a 1 year low of $148.55 and a 1 year high of $531.22. The company’s fifty day moving average is $476.17 and its two-hundred day moving average is $415.45. The company has a market capitalization of $17.80 billion, a P/E ratio of 47.60 and a beta of 1.04.

Fabrinet (NYSE:FN) last issued its earnings results on Monday, February 2nd. The technology company reported $3.36 earnings per share for the quarter, beating the consensus estimate of $3.26 by $0.10. Fabrinet had a net margin of 9.69% and a return on equity of 18.69%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the firm earned $2.61 earnings per share. The business’s quarterly revenue was up 35.9% compared to the same quarter last year. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. As a group, equities analysts expect that Fabrinet will post 9.4 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.