Fabrinet $FN Shares Sold by Axiom Investors LLC DE

Axiom Investors LLC DE cut its stake in shares of Fabrinet (NYSE:FN) by 11.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,760 shares of the technology company’s stock after selling 5,452 shares during the period. Axiom Investors LLC DE owned approximately 0.12% of Fabrinet worth $19,923,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FN. Core Wealth Advisors LLC purchased a new position in shares of Fabrinet in the fourth quarter valued at approximately $25,000. Westend Capital Management LLC purchased a new position in shares of Fabrinet in the fourth quarter valued at approximately $29,000. Harbour Investments Inc. lifted its stake in Fabrinet by 75.0% in the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock worth $29,000 after acquiring an additional 27 shares during the last quarter. Creative Financial Designs Inc. ADV purchased a new position in Fabrinet in the fourth quarter worth approximately $32,000. Finally, Rakuten Securities Inc. lifted its stake in Fabrinet by 340.9% in the fourth 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 and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FN. Northland Securities set a $800.00 price target on shares of Fabrinet in a research note on Monday, April 20th. Barclays lifted their price target on shares of Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. decreased their price target on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Weiss Ratings downgraded shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Finally, Fox Advisors downgraded shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $661.75.

Fabrinet Price Performance

Shares of Fabrinet stock opened at $586.25 on Wednesday. The firm’s fifty day simple moving average is $654.15 and its 200-day simple moving average is $549.25. The stock has a market capitalization of $21.01 billion, a price-to-earnings ratio of 50.37 and a beta of 1.17. Fabrinet has a 12 month low of $231.95 and a 12 month high of $748.89.

Fabrinet (NYSE:FN) last announced its earnings results on Monday, May 4th. The technology company reported $3.72 EPS for the quarter, beating analysts’ consensus estimates 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 company’s quarterly revenue was up 39.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Analysts anticipate that Fabrinet will post 12.96 earnings per share for the current year.

Insider Activity at Fabrinet

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of the business’s stock in a transaction 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 sale, the director directly 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 the SEC website. 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.