Natixis Advisors LLC Sells 4,123 Shares of Fabrinet $FN

Natixis Advisors LLC lowered its holdings in Fabrinet (NYSE:FN) by 26.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,236 shares of the technology company’s stock after selling 4,123 shares during the quarter. Natixis Advisors LLC’s holdings in Fabrinet were worth $5,116,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Core Wealth Advisors LLC acquired a new position in shares of Fabrinet during the fourth quarter valued at about $25,000. Westend Capital Management LLC acquired a new stake in shares of Fabrinet in the 4th quarter worth about $29,000. Harbour Investments Inc. lifted its position 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 acquiring an additional 27 shares in the last quarter. Creative Financial Designs Inc. ADV bought a new position in Fabrinet in the 4th quarter valued at about $32,000. Finally, Rakuten Securities Inc. boosted its stake in Fabrinet by 340.9% during the 4th quarter. Rakuten Securities Inc. now owns 97 shares of the technology company’s stock valued at $44,000 after purchasing an additional 75 shares during the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.

Insiders Place Their Bets

In other news, Director Homa Bahrami sold 2,500 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 16,233 shares of the company’s stock, valued at $11,556,435.03. This represents a 13.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.24% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FN. Needham & Company LLC reissued a “buy” rating and issued a $800.00 price objective on shares of Fabrinet in a research note on Tuesday, May 5th. Barclays upped their price target on Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Northland Securities set a $800.00 price objective on shares of Fabrinet in a report on Monday, April 20th. Finally, Weiss Ratings lowered shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $661.75.

Fabrinet Price Performance

Shares of NYSE:FN opened at $623.94 on Tuesday. Fabrinet has a 1 year low of $231.51 and a 1 year high of $748.89. The company has a market capitalization of $22.36 billion, a PE ratio of 53.60 and a beta of 1.18. The business has a fifty day moving average price of $653.49 and a two-hundred day moving average price of $548.06.

Fabrinet (NYSE:FN) last issued 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. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The firm’s quarterly revenue was up 39.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Sell-side analysts anticipate that Fabrinet will post 12.96 earnings per share for the current year.

Fabrinet Company 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.