Analog Century Management LP Sells 105,633 Shares of Fabrinet $FN

Analog Century Management LP lessened its holdings in Fabrinet (NYSE:FN) by 37.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 173,298 shares of the technology company’s stock after selling 105,633 shares during the quarter. Fabrinet accounts for approximately 3.9% of Analog Century Management LP’s investment portfolio, making the stock its 14th biggest position. Analog Century Management LP owned about 0.48% of Fabrinet worth $78,899,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Divisadero Street Capital Management LP boosted its position in shares of Fabrinet by 57.4% in the third quarter. Divisadero Street Capital Management LP now owns 56,344 shares of the technology company’s stock valued at $20,544,000 after acquiring an additional 20,556 shares during the period. Swedbank AB bought a new stake in shares of Fabrinet in the fourth quarter valued at about $5,372,000. M&T Bank Corp boosted its position in shares of Fabrinet by 196.5% in the fourth quarter. M&T Bank Corp now owns 2,345 shares of the technology company’s stock valued at $1,068,000 after acquiring an additional 1,554 shares during the period. Munich Reinsurance Co Stock Corp in Munich bought a new stake in shares of Fabrinet in the third quarter valued at about $2,923,000. Finally, JSF Financial LLC bought a new stake in shares of Fabrinet in the fourth quarter valued at about $957,000. Institutional investors own 97.38% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FN. Barclays boosted their target price on shares of Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Weiss Ratings cut shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 price objective on shares of Fabrinet in a research report on Tuesday, May 5th. JPMorgan Chase & Co. cut their price objective 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. Finally, Zacks Research raised shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $661.75.

Fabrinet Stock Up 4.5%

FN opened at $608.68 on Friday. Fabrinet has a twelve month low of $244.24 and a twelve month high of $748.89. The company has a 50-day simple moving average of $658.48 and a 200 day simple moving average of $552.37. The stock has a market capitalization of $21.81 billion, a price-to-earnings ratio of 52.29 and a beta of 1.17.

Fabrinet (NYSE:FN) last posted its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.14. The business had revenue of $1.21 billion during 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%. Fabrinet’s revenue was up 39.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Sell-side analysts anticipate 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 stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $711.91, for a total value of $1,779,775.00. Following the completion of the transaction, the director owned 16,233 shares of the company’s stock, valued at approximately $11,556,435.03. This represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.24% of the company’s stock.

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.