Clearbridge Investments LLC Has $70.81 Million Holdings in Fabrinet $FN

Clearbridge Investments LLC reduced its position in Fabrinet (NYSE:FN) by 4.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 155,520 shares of the technology company’s stock after selling 7,561 shares during the period. Clearbridge Investments LLC owned about 0.43% of Fabrinet worth $70,805,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Core Wealth Advisors LLC acquired a new position in Fabrinet in the 4th quarter worth about $25,000. Westend Capital Management LLC acquired a new position in Fabrinet in the 4th quarter worth about $29,000. Harbour Investments Inc. increased its position in Fabrinet by 75.0% in the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock worth $29,000 after purchasing an additional 27 shares during the last quarter. Creative Financial Designs Inc. ADV acquired a new position in Fabrinet in the 4th quarter worth about $32,000. Finally, Rakuten Securities Inc. increased its position in Fabrinet by 340.9% in the 4th quarter. Rakuten Securities Inc. now owns 97 shares of the technology company’s stock worth $44,000 after purchasing an additional 75 shares during the last quarter. 97.38% of the stock is owned by institutional investors and hedge funds.

Fabrinet Stock Up 0.4%

Shares of NYSE:FN opened at $623.94 on Tuesday. The business has a 50 day moving average price of $653.49 and a 200 day moving average price of $548.06. Fabrinet has a twelve month low of $231.51 and a twelve month high of $748.89. The company has a market cap of $22.36 billion, a price-to-earnings ratio of 53.60 and a beta of 1.18.

Fabrinet (NYSE:FN) last announced 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. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the company earned $2.52 EPS. The firm’s revenue for the quarter was up 39.3% compared to the same quarter last year. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Analysts anticipate that Fabrinet will post 12.96 EPS for the current year.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several research analysts have weighed in on FN shares. Weiss Ratings lowered Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Barclays upped their target price on Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. dropped their target price on Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $800.00 target price on shares of Fabrinet in a research report 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 price target of $661.75.

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.