1,327 Shares in Fabrinet $FN Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd bought a new stake in Fabrinet (NYSE:FN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,327 shares of the technology company’s stock, valued at approximately $604,000.

Other hedge funds have also modified their holdings of the company. Core Wealth Advisors LLC bought a new stake in Fabrinet in the fourth quarter valued at approximately $25,000. Westend Capital Management LLC acquired a new stake in Fabrinet in the fourth quarter valued at about $29,000. Harbour Investments Inc. boosted its stake in 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. Creative Financial Designs Inc. ADV acquired a new stake in Fabrinet in the fourth quarter valued at about $32,000. Finally, Rakuten Securities Inc. grew its position in Fabrinet by 340.9% during the 4th quarter. Rakuten Securities Inc. now owns 97 shares of the technology company’s stock worth $44,000 after acquiring an additional 75 shares during the last quarter. 97.38% of the stock is currently owned by institutional investors.

Fabrinet Stock Down 13.0%

NYSE FN opened at $622.08 on Friday. Fabrinet has a twelve month low of $231.51 and a twelve month high of $748.89. The stock’s 50-day simple moving average is $651.98 and its two-hundred day simple moving average is $545.63. The company has a market capitalization of $22.29 billion, a price-to-earnings ratio of 53.44 and a beta of 1.17.

Fabrinet (NYSE:FN) last issued its earnings results on Monday, May 4th. The technology company reported $3.72 EPS 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 company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the firm earned $2.52 earnings per share. The firm’s revenue for the quarter was up 39.3% on a year-over-year basis. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. On average, equities analysts expect that Fabrinet will post 12.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FN shares. Northland Securities set a $800.00 price objective on Fabrinet in a research report on Monday, April 20th. Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. dropped their price target on Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Weiss Ratings downgraded Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Finally, Rosenblatt Securities increased their price objective on Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. One research 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $661.75.

Insider Buying and Selling 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 transaction of $1,779,775.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.24% of the company’s stock.

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.