Sei Investments Co. Increases Stock Position in Fabrinet $FN

Sei Investments Co. grew its holdings in shares of Fabrinet (NYSE:FN) by 22.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 89,843 shares of the technology company’s stock after buying an additional 16,218 shares during the period. Sei Investments Co.’s holdings in Fabrinet were worth $46,854,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of FN. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Fabrinet in the first quarter valued at approximately $203,000. Empowered Funds LLC purchased a new position in Fabrinet in the first quarter worth $2,331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings 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 acquiring an additional 3,717 shares during the period. M&T Bank Corp acquired a new stake in Fabrinet in the second quarter valued at $214,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Fabrinet by 574.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 533 shares of the technology company’s stock worth $157,000 after purchasing an additional 454 shares in the last quarter. 97.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Fox Advisors cut shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research note 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. Northland Securities set a $800.00 target price on shares of Fabrinet in a research report on Monday, April 20th. Wall Street Zen cut shares of Fabrinet from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $643.00.

Fabrinet Stock Down 8.2%

Fabrinet stock opened at $475.48 on Friday. The firm has a market capitalization of $17.04 billion, a PE ratio of 40.85 and a beta of 1.20. Fabrinet has a 52 week low of $272.49 and a 52 week high of $748.89. The firm’s 50-day simple moving average is $579.66 and its 200 day simple moving average is $564.64.

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

Insider Activity at Fabrinet

In other news, Director Homa Bahrami sold 2,500 shares of the firm’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 transaction of $1,779,775.00. Following the completion of the transaction, the director directly owned 16,233 shares of the company’s stock, valued at $11,556,435.03. This trade represents a 13.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.24% of the stock is owned by corporate insiders.

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.