LRT Capital Management LLC Has $2.26 Million Stake in Fabrinet $FN

LRT Capital Management LLC decreased its holdings in shares of Fabrinet (NYSE:FN) by 46.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,963 shares of the technology company’s stock after selling 4,264 shares during the quarter. Fabrinet accounts for approximately 1.9% of LRT Capital Management LLC’s investment portfolio, making the stock its 15th largest position. LRT Capital Management LLC’s holdings in Fabrinet were worth $2,260,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Fabrinet by 1.4% in the third quarter. Vanguard Group Inc. now owns 4,135,345 shares of the technology company’s stock valued at $1,507,829,000 after buying an additional 59,002 shares during the period. Wasatch Advisors LP boosted its position in Fabrinet by 45.1% during the 2nd quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock worth $524,432,000 after buying an additional 553,196 shares during the period. Geode Capital Management LLC grew its holdings in Fabrinet by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 1,108,813 shares of the technology company’s stock worth $504,886,000 after acquiring an additional 50,708 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Fabrinet by 64.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,065,414 shares of the technology company’s stock worth $485,063,000 after acquiring an additional 419,081 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Fabrinet by 33.3% during the 3rd quarter. Invesco Ltd. now owns 681,850 shares of the technology company’s stock worth $248,616,000 after acquiring an additional 170,297 shares during the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Needham & Company LLC reissued a “buy” rating and set a $800.00 target price on shares of Fabrinet in a 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 report on Tuesday, May 5th. Northland Securities set a $800.00 target price on shares of Fabrinet in a report on Monday, April 20th. Zacks Research raised shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Finally, Fox Advisors lowered shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $661.75.

Insider Activity

In other news, Director Homa Bahrami sold 2,500 shares of the business’s 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 in the company, valued at approximately $11,556,435.03. The trade was a 13.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.24% of the company’s stock.

Fabrinet Stock Performance

Fabrinet stock opened at $608.68 on Friday. The firm has a market cap of $21.81 billion, a price-to-earnings ratio of 52.29 and a beta of 1.17. Fabrinet has a 52-week low of $244.24 and a 52-week high of $748.89. The firm has a 50 day moving average price of $658.48 and a two-hundred day moving average price of $552.37.

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

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.