State of Wyoming Cuts Stock Holdings in Fabrinet $FN

State of Wyoming lowered its position in Fabrinet (NYSE:FN) by 60.2% in the first quarter, Holdings Channel.com reports. The firm owned 1,232 shares of the technology company’s stock after selling 1,862 shares during the quarter. State of Wyoming’s holdings in Fabrinet were worth $643,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Core Wealth Advisors LLC purchased a new position in shares of Fabrinet during the 4th quarter worth approximately $25,000. Westend Capital Management LLC acquired a new stake in shares of Fabrinet in the 4th quarter valued at approximately $29,000. Harbour Investments Inc. boosted its stake in shares of Fabrinet by 75.0% in the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after buying an additional 27 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Fabrinet in the first quarter valued at approximately $31,000. Finally, Creative Financial Designs Inc. ADV acquired a new position in Fabrinet during the fourth quarter worth $32,000. Institutional investors and hedge funds own 97.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FN. Barclays increased their price objective on Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Rosenblatt Securities boosted their target price 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. Northland Securities set a $800.00 price target on shares of Fabrinet in a research note on Monday, April 20th. Weiss Ratings downgraded shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 30th. Finally, Wall Street Zen cut shares of Fabrinet from a “buy” rating to a “hold” rating in a research note on Monday. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Fabrinet currently has a consensus rating of “Moderate Buy” and a consensus price target of $643.00.

Insider Buying and Selling at Fabrinet

In other news, Director Homa Bahrami sold 2,500 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $711.91, for a total value of $1,779,775.00. Following the completion of the transaction, the director owned 16,233 shares in the company, valued at $11,556,435.03. This trade represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.24% of the stock is currently owned by corporate insiders.

Fabrinet Price Performance

FN opened at $516.70 on Friday. The stock has a market cap of $18.51 billion, a P/E ratio of 44.39 and a beta of 1.20. The stock’s 50 day simple moving average is $584.60 and its 200 day simple moving average is $565.27. Fabrinet has a 1-year low of $272.49 and a 1-year high of $748.89.

Fabrinet (NYSE:FN) last issued its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 earnings per share (EPS) for the quarter, topping 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 return on equity of 19.83% and a net margin of 9.94%.Fabrinet’s revenue was up 39.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Research analysts expect that Fabrinet will post 12.97 EPS for the current fiscal year.

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.