Fabrinet $FN Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC lowered its position in Fabrinet (NYSE:FN) by 13.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,327 shares of the technology company’s stock after selling 3,698 shares during the period. Motley Fool Wealth Management LLC owned about 0.07% of Fabrinet worth $10,620,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Core Wealth Advisors LLC acquired a new stake in Fabrinet in the fourth quarter valued at about $25,000. Westend Capital Management LLC acquired a new stake in Fabrinet in the fourth quarter valued at about $29,000. Harbour Investments Inc. lifted its position in Fabrinet by 75.0% in the fourth 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 period. Creative Financial Designs Inc. ADV acquired a new stake in Fabrinet in the fourth quarter valued at about $32,000. Finally, Rakuten Securities Inc. lifted its position in Fabrinet by 340.9% in the fourth 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 period. Institutional investors and hedge funds own 97.38% of the company’s stock.

Insider Buying and Selling at Fabrinet

In other news, Director Homa Bahrami sold 2,500 shares of the firm’s 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 trade represents a 13.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.24% of the stock is currently owned by company insiders.

Analyst Ratings Changes

FN has been the subject of a number of recent analyst reports. Needham & Company LLC restated a “buy” rating and issued a $800.00 price objective on shares of Fabrinet in a research report on Tuesday, May 5th. Zacks Research upgraded shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Barclays raised their price objective 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. Fox Advisors downgraded shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research report on Tuesday, May 5th. Finally, Rosenblatt Securities lifted their price target on shares of Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. One 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $661.75.

Fabrinet Stock Down 6.0%

NYSE:FN opened at $586.25 on Wednesday. Fabrinet has a 52-week low of $231.95 and a 52-week high of $748.89. The stock has a fifty day simple moving average of $654.15 and a 200-day simple moving average of $549.25. The company has a market capitalization of $21.01 billion, a PE ratio of 50.37 and a beta of 1.17.

Fabrinet (NYSE:FN) last posted its earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.14. The firm had revenue of $1.21 billion during 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 revenue for the quarter was up 39.3% on a year-over-year basis. During the same period last year, the firm posted $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, equities analysts anticipate that Fabrinet will post 12.96 earnings per share for the current year.

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.