Fabrinet $FN Position Reduced by Andar Capital Management HK Ltd

Andar Capital Management HK Ltd cut its holdings in shares of Fabrinet (NYSE:FN) by 24.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,318 shares of the technology company’s stock after selling 2,082 shares during the quarter. Fabrinet comprises approximately 3.1% of Andar Capital Management HK Ltd’s holdings, making the stock its 10th biggest position. Andar Capital Management HK Ltd’s holdings in Fabrinet were worth $2,876,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Divisadero Street Capital Management LP lifted its stake in Fabrinet by 57.4% in the third quarter. Divisadero Street Capital Management LP now owns 56,344 shares of the technology company’s stock worth $20,544,000 after acquiring an additional 20,556 shares during the period. Azzad Asset Management Inc. ADV purchased a new stake in Fabrinet in the third quarter worth $1,037,000. New York State Common Retirement Fund grew its stake in Fabrinet by 67.7% in the third quarter. New York State Common Retirement Fund now owns 64,142 shares of the technology company’s stock worth $23,387,000 after purchasing an additional 25,889 shares during the period. M&T Bank Corp lifted its position in Fabrinet by 196.5% during the fourth quarter. M&T Bank Corp now owns 2,345 shares of the technology company’s stock valued at $1,068,000 after buying an additional 1,554 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in shares of Fabrinet by 105.2% during the 3rd quarter. Federated Hermes Inc. now owns 5,982 shares of the technology company’s stock valued at $2,181,000 after buying an additional 3,067 shares in the last quarter. 97.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on FN. Weiss Ratings upgraded shares of Fabrinet from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Barclays boosted their target price on shares of Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. lowered their price target on Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Northland Securities set a $800.00 price target on Fabrinet in a research report on Monday, April 20th. Finally, Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. One investment 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $661.75.

Fabrinet Stock Performance

FN opened at $666.85 on Friday. The stock has a market capitalization of $23.89 billion, a P/E ratio of 57.29 and a beta of 1.22. The company’s 50-day simple moving average is $637.22 and its two-hundred day simple moving average is $536.32. Fabrinet has a 52-week low of $224.66 and a 52-week high of $748.89.

Fabrinet (NYSE:FN) last posted its earnings results 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 for the quarter, compared to analysts’ expectations of $1.19 billion. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The business’s revenue for the quarter was up 39.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Research analysts forecast that Fabrinet will post 12.96 EPS for the current fiscal year.

Insider Activity at Fabrinet

In other news, Director Homa Bahrami sold 2,500 shares of the company’s stock in a transaction dated 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 sale, the director owned 16,233 shares of the company’s stock, valued at $11,556,435.03. This represents a 13.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.24% of the stock is owned by insiders.

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.