Styrax Capital LP Purchases Shares of 112,957 Fabrinet $FN

Styrax Capital LP purchased a new stake in Fabrinet (NYSE:FN) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 112,957 shares of the technology company’s stock, valued at approximately $51,427,000. Fabrinet accounts for about 3.9% of Styrax Capital LP’s holdings, making the stock its 9th biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in FN. Ashton Thomas Private Wealth LLC acquired a new position in Fabrinet in the first quarter valued at approximately $203,000. Empowered Funds LLC acquired a new position in Fabrinet in the first quarter valued at approximately $2,331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Fabrinet by 4.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,444 shares of the technology company’s stock valued at $15,691,000 after buying an additional 3,717 shares during the period. M&T Bank Corp acquired a new position in Fabrinet in the second quarter valued at approximately $214,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Fabrinet by 574.7% in the second quarter. EverSource Wealth Advisors LLC now owns 533 shares of the technology company’s stock valued at $157,000 after buying an additional 454 shares during the period. 97.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Rosenblatt Securities boosted their price target on Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Needham & Company LLC reissued a “buy” rating and issued a $800.00 price target on shares of Fabrinet in a research note on Tuesday, May 5th. Barclays boosted their price objective on Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Zacks Research downgraded Fabrinet from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, Weiss Ratings upgraded Fabrinet from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Fabrinet presently has an average rating of “Moderate Buy” and an average target price of $661.75.

Fabrinet Stock Down 7.5%

NYSE FN opened at $587.73 on Wednesday. The company has a market cap of $21.06 billion, a price-to-earnings ratio of 50.49 and a beta of 1.17. Fabrinet has a 52 week low of $255.95 and a 52 week high of $748.89. The business has a 50 day moving average price of $660.68 and a 200-day moving average price of $555.75.

Fabrinet (NYSE:FN) last released its quarterly earnings data 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 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 quarter in the previous year, the company posted $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. On average, equities research analysts anticipate that Fabrinet will post 12.96 earnings per share for the current year.

Insider Transactions at Fabrinet

In related 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 completion of the sale, the director owned 16,233 shares in the company, valued at approximately $11,556,435.03. This represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.24% of the company’s stock.

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.