Cim LLC Decreases Stake in Fabrinet $FN

Cim LLC reduced its stake in shares of Fabrinet (NYSE:FN) by 30.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,269 shares of the technology company’s stock after selling 1,838 shares during the period. Cim LLC’s holdings in Fabrinet were worth $2,226,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Core Wealth Advisors LLC purchased a new position in Fabrinet in the 4th quarter worth $25,000. Harbour Investments Inc. lifted 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 acquiring an additional 27 shares during the period. Cassaday & Co Wealth Management LLC purchased a new stake in Fabrinet during the 1st quarter valued at about $31,000. Creative Financial Designs Inc. ADV purchased a new stake in Fabrinet during the 4th quarter valued at about $32,000. Finally, Quarry LP grew its stake in Fabrinet by 300.0% during the 4th quarter. Quarry LP now owns 72 shares of the technology company’s stock valued at $33,000 after purchasing an additional 54 shares during the last quarter. 97.38% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Fabrinet

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of the company’s stock in a transaction that occurred 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 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

FN has been the topic of a number of research reports. Rosenblatt Securities increased their price objective on Fabrinet from $715.00 to $750.00 and gave the company a “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 Tuesday, June 30th. Barclays upped their target price on Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Zacks Research downgraded shares of Fabrinet from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Finally, Needham & Company LLC reduced their price target on shares of Fabrinet from $800.00 to $650.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $643.00.

Fabrinet Stock Performance

Shares of FN opened at $414.79 on Thursday. The business’s 50-day moving average is $565.63 and its two-hundred day moving average is $565.00. The company has a market capitalization of $14.86 billion, a P/E ratio of 35.63 and a beta of 1.20. Fabrinet has a fifty-two week low of $272.49 and a fifty-two week 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, beating the consensus estimate of $3.58 by $0.14. The business 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%.The company’s revenue for the quarter was up 39.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Analysts forecast that Fabrinet will post 12.97 EPS for the current year.

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.