Fabrinet $FN Stock Position Decreased by Intrepid Capital Management Inc.

Intrepid Capital Management Inc. cut its position in shares of Fabrinet (NYSE:FN) by 94.5% in the fourth quarter, Holdings Channel reports. The firm owned 672 shares of the technology company’s stock after selling 11,617 shares during the period. Intrepid Capital Management Inc.’s holdings in Fabrinet were worth $306,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Divisadero Street Capital Management LP raised its stake in shares of Fabrinet by 57.4% during the 3rd quarter. Divisadero Street Capital Management LP now owns 56,344 shares of the technology company’s stock worth $20,544,000 after purchasing an additional 20,556 shares in the last quarter. Swedbank AB bought a new position in shares of Fabrinet in the 4th quarter valued at approximately $5,372,000. M&T Bank Corp raised its stake in shares of Fabrinet by 196.5% in the 4th quarter. M&T Bank Corp now owns 2,345 shares of the technology company’s stock valued at $1,068,000 after acquiring an additional 1,554 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich bought a new position in shares of Fabrinet in the 3rd quarter valued at approximately $2,923,000. Finally, JSF Financial LLC bought a new position in shares of Fabrinet in the 4th quarter valued at approximately $957,000. 97.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. cut their price objective on Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. 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. Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Rosenblatt Securities raised their price objective on Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Finally, Northland Securities set a $800.00 price objective on Fabrinet in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Fabrinet presently has a consensus rating of “Moderate Buy” and an average target price of $661.75.

Fabrinet Price Performance

NYSE:FN opened at $608.68 on Friday. The stock has a market cap of $21.81 billion, a P/E ratio of 52.29 and a beta of 1.17. Fabrinet has a one year low of $244.24 and a one year high of $748.89. The company has a fifty day moving average price of $658.48 and a 200 day moving average price of $552.37.

Fabrinet (NYSE:FN) last released its earnings results on Monday, May 4th. The technology company reported $3.72 EPS 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 analysts’ expectations of $1.19 billion. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The business’s quarterly revenue was up 39.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, equities research analysts anticipate that Fabrinet will post 12.96 EPS for the current year.

Insider Buying and Selling

In related news, Director Homa Bahrami sold 2,500 shares of the company’s 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 transaction, the director directly owned 16,233 shares in the company, valued at $11,556,435.03. This represents a 13.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.24% of the stock is currently owned by insiders.

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.