Savant Capital LLC Trims Stock Holdings in Fabrinet $FN

Savant Capital LLC trimmed its position in Fabrinet (NYSE:FN) by 78.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 903 shares of the technology company’s stock after selling 3,221 shares during the period. Savant Capital LLC’s holdings in Fabrinet were worth $411,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Balboa Wealth Partners boosted its holdings in Fabrinet by 2.5% in the fourth quarter. Balboa Wealth Partners now owns 863 shares of the technology company’s stock worth $393,000 after acquiring an additional 21 shares in the last quarter. Richardson Financial Services Inc. boosted its holdings in Fabrinet by 12.2% in the fourth quarter. Richardson Financial Services Inc. now owns 211 shares of the technology company’s stock worth $96,000 after acquiring an additional 23 shares in the last quarter. Harbour Investments Inc. boosted its holdings in Fabrinet by 75.0% in the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock worth $29,000 after acquiring an additional 27 shares in the last quarter. Allworth Financial LP boosted its holdings in Fabrinet by 7.4% in the fourth quarter. Allworth Financial LP now owns 405 shares of the technology company’s stock worth $184,000 after acquiring an additional 28 shares in the last quarter. Finally, Evergreen Capital Management LLC boosted its holdings in Fabrinet by 1.0% in the second quarter. Evergreen Capital Management LLC now owns 3,032 shares of the technology company’s stock worth $893,000 after acquiring an additional 31 shares in the last quarter. 97.38% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Homa Bahrami sold 2,500 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $711.91, for a total transaction of $1,779,775.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.24% of the stock is currently owned by insiders.

Fabrinet Price Performance

Shares of NYSE:FN opened at $622.08 on Friday. The company has a market cap of $22.29 billion, a P/E ratio of 53.44 and a beta of 1.17. Fabrinet has a 1 year low of $231.51 and a 1 year high of $748.89. The stock’s fifty day moving average price is $651.98 and its 200-day moving average price is $545.63.

Fabrinet (NYSE:FN) last announced its quarterly earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.14. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The company’s quarterly revenue was up 39.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. On average, sell-side analysts anticipate that Fabrinet will post 12.96 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on FN shares. Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Weiss Ratings downgraded Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Rosenblatt Securities boosted their target price on Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Northland Securities set a $800.00 target price on Fabrinet in a report on Monday, April 20th. Finally, Barclays upped their price target on Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Fabrinet presently has an average rating of “Moderate Buy” and an average price target of $661.75.

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.