Goldman Sachs Group Inc. Increases Position in Fabrinet $FN

Goldman Sachs Group Inc. increased its position in shares of Fabrinet (NYSE:FN) by 32.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 383,899 shares of the technology company’s stock after acquiring an additional 94,526 shares during the quarter. Goldman Sachs Group Inc. owned approximately 1.07% of Fabrinet worth $174,782,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Fabrinet during the first quarter worth $203,000. Empowered Funds LLC acquired a new position in Fabrinet in the first quarter valued at $2,331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Fabrinet by 4.9% during the first 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 buying an additional 3,717 shares during the period. M&T Bank Corp acquired a new stake in Fabrinet in the 2nd quarter worth about $214,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Fabrinet by 574.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 533 shares of the technology company’s stock worth $157,000 after buying an additional 454 shares during the last quarter. 97.38% of the stock is owned by hedge funds and other institutional investors.

Fabrinet Stock Performance

Shares of NYSE:FN opened at $622.08 on Monday. The company has a market cap of $22.29 billion, a P/E ratio of 53.44 and a beta of 1.18. Fabrinet has a one year low of $231.51 and a one year high of $748.89. The business’s 50-day simple moving average is $651.98 and its 200 day simple moving average is $546.54.

Fabrinet (NYSE:FN) last released its quarterly earnings results 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 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 analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the business earned $2.52 EPS. Fabrinet’s quarterly revenue was up 39.3% compared to the same quarter last year. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Analysts predict that Fabrinet will post 12.96 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Barclays boosted their target price on shares of Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Rosenblatt Securities increased their price target on shares of Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Weiss Ratings lowered shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Finally, Northland Securities set a $800.00 price objective on Fabrinet in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $661.75.

Insider Buying and Selling at Fabrinet

In other news, Director Homa Bahrami sold 2,500 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $711.91, for a total value of $1,779,775.00. Following the completion of the transaction, the director directly owned 16,233 shares in the company, valued at approximately $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 can be accessed through this link. Company insiders own 0.24% of the company’s stock.

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.