Bridge City Capital LLC Sells 12,528 Shares of Fabrinet $FN

Bridge City Capital LLC lowered its stake in shares of Fabrinet (NYSE:FN) by 64.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,798 shares of the technology company’s stock after selling 12,528 shares during the quarter. Bridge City Capital LLC’s holdings in Fabrinet were worth $3,095,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Core Wealth Advisors LLC bought a new position in shares of Fabrinet in the 4th quarter valued at about $25,000. Westend Capital Management LLC bought a new position in shares of Fabrinet in the 4th quarter valued at about $29,000. Harbour Investments Inc. boosted its stake in shares of Fabrinet by 75.0% in the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after purchasing an additional 27 shares during the last quarter. Creative Financial Designs Inc. ADV bought a new position in shares of Fabrinet in the 4th quarter valued at about $32,000. Finally, Quarry LP boosted its stake in shares of Fabrinet by 300.0% in 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. Institutional investors own 97.38% of the company’s stock.

Fabrinet Price Performance

Fabrinet stock opened at $608.68 on Friday. The company’s 50 day simple moving average is $658.48 and its 200 day simple moving average is $552.37. Fabrinet has a fifty-two week low of $244.24 and a fifty-two week high of $748.89. The firm has a market capitalization of $21.81 billion, a price-to-earnings ratio of 52.29 and a beta of 1.17.

Fabrinet (NYSE:FN) last released its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.14. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the firm earned $2.52 EPS. Fabrinet’s quarterly revenue was up 39.3% compared to the same quarter last year. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, analysts predict that Fabrinet will post 12.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of Fabrinet stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $711.91, for a total value of $1,779,775.00. Following the transaction, the director owned 16,233 shares of the company’s stock, valued at approximately $11,556,435.03. The trade was 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. Insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FN. Fox Advisors lowered shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research note on Tuesday, May 5th. Needham & Company LLC reiterated a “buy” rating and issued a $800.00 price objective on shares of Fabrinet in a report 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 increased their target price on Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings lowered Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $661.75.

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.