Montanaro Asset Management Ltd Sells 5,500 Shares of Fabrinet $FN

Montanaro Asset Management Ltd lowered its stake in Fabrinet (NYSE:FN) by 16.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,500 shares of the technology company’s stock after selling 5,500 shares during the period. Fabrinet makes up 3.5% of Montanaro Asset Management Ltd’s holdings, making the stock its 10th biggest holding. Montanaro Asset Management Ltd’s holdings in Fabrinet were worth $12,520,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Corient Private Wealth LLC lifted its position in Fabrinet by 4.3% during the fourth quarter. Corient Private Wealth LLC now owns 1,947 shares of the technology company’s stock worth $886,000 after purchasing an additional 80 shares during the period. Worthington Financial Partners LLC bought a new position in Fabrinet in the 4th quarter valued at about $1,532,000. Caitong International Asset Management Co. Ltd raised its position in shares of Fabrinet by 1,665.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 406 shares of the technology company’s stock valued at $185,000 after buying an additional 383 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Fabrinet by 6.2% during the 4th quarter. Pacer Advisors Inc. now owns 6,142 shares of the technology company’s stock worth $2,796,000 after acquiring an additional 359 shares during the period. Finally, Virtu Financial LLC acquired a new position in Fabrinet during the fourth quarter valued at approximately $1,854,000. 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 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 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.24% of the company’s stock.

Fabrinet Trading Up 0.1%

Shares of FN opened at $574.48 on Friday. The stock’s 50-day moving average price is $660.91 and its two-hundred day moving average price is $557.63. Fabrinet has a 12 month low of $261.03 and a 12 month high of $748.89. The company has a market capitalization of $20.58 billion, a PE ratio of 49.35 and a beta of 1.17.

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, beating the consensus estimate of $3.58 by $0.14. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The company 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 firm posted $2.52 earnings per share. The business’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 predict that Fabrinet will post 12.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on FN shares. Fox Advisors downgraded Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. Northland Securities set a $800.00 target price on shares of Fabrinet in a report on Monday, April 20th. Zacks Research downgraded shares of Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 price target on shares of Fabrinet in a report on Tuesday, May 5th. Finally, Rosenblatt Securities upped their price objective on shares of Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $661.75.

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.