Fabrinet $FN Shares Sold by Axiom Investors LLC DE

Axiom Investors LLC DE lessened its holdings in shares of Fabrinet (NYSE:FN) by 11.1% in the fourth quarter, Holdings Channel reports. The firm owned 43,760 shares of the technology company’s stock after selling 5,452 shares during the period. Axiom Investors LLC DE’s holdings in Fabrinet were worth $19,923,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Core Wealth Advisors LLC acquired a new stake in Fabrinet during the 4th quarter worth approximately $25,000. Westend Capital Management LLC acquired a new stake in Fabrinet during the 4th quarter worth approximately $29,000. Harbour Investments Inc. increased its position in Fabrinet by 75.0% during the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock worth $29,000 after purchasing an additional 27 shares in the last quarter. Creative Financial Designs Inc. ADV acquired a new stake in Fabrinet during the 4th quarter worth approximately $32,000. Finally, Rakuten Securities Inc. increased its position in Fabrinet by 340.9% during the 4th quarter. Rakuten Securities Inc. now owns 97 shares of the technology company’s stock worth $44,000 after purchasing an additional 75 shares in the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.

Wall Street Analyst Weigh In

FN has been the subject of several recent research reports. Zacks Research raised shares of 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 research report on Monday, April 20th. JPMorgan Chase & Co. lowered their price objective on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Weiss Ratings downgraded shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Finally, Barclays increased 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. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Fabrinet has a consensus rating of “Moderate Buy” and an average price target of $661.75.

Insider Transactions at Fabrinet

In related news, Director Homa Bahrami sold 2,500 shares of Fabrinet stock in a transaction dated 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. The trade was a 13.35% decrease in their ownership of the stock. 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.

Fabrinet Price Performance

Shares of FN opened at $586.25 on Wednesday. The business’s fifty day moving average price is $654.15 and its 200 day moving average price is $549.25. Fabrinet has a 12-month low of $231.95 and a 12-month high of $748.89. The stock has a market capitalization of $21.01 billion, a PE ratio of 50.37 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 EPS for the quarter, beating analysts’ consensus estimates of $3.58 by $0.14. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, research analysts anticipate that Fabrinet will post 12.96 earnings per share for the current fiscal 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.