Bridge City Capital LLC Has $3.10 Million Stock Holdings in Fabrinet $FN

Bridge City Capital LLC decreased its holdings in Fabrinet (NYSE:FN) by 64.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,798 shares of the technology company’s stock after selling 12,528 shares during the quarter. Bridge City Capital LLC’s holdings in Fabrinet were worth $3,095,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Fabrinet by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 4,135,345 shares of the technology company’s stock valued at $1,507,829,000 after buying an additional 59,002 shares in the last quarter. Wasatch Advisors LP increased its position in shares of Fabrinet by 45.1% during the 2nd quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock worth $524,432,000 after purchasing an additional 553,196 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Fabrinet by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 1,108,813 shares of the technology company’s stock worth $504,886,000 after purchasing an additional 50,708 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Fabrinet by 64.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,065,414 shares of the technology company’s stock worth $485,063,000 after purchasing an additional 419,081 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Fabrinet by 33.3% during the 3rd quarter. Invesco Ltd. now owns 681,850 shares of the technology company’s stock worth $248,616,000 after purchasing an additional 170,297 shares in the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.

Insider Buying and Selling

In other Fabrinet 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 transaction of $1,779,775.00. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.24% of the stock is currently owned by corporate insiders.

Fabrinet Stock Up 4.5%

Shares of NYSE:FN opened at $608.68 on Friday. Fabrinet has a 12 month low of $244.24 and a 12 month high of $748.89. The company’s 50-day moving average price is $658.48 and its two-hundred day moving average price is $552.37. The firm has a market cap of $21.81 billion, a P/E ratio of 52.29 and a beta of 1.17.

Fabrinet (NYSE:FN) last issued its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $3.58 by $0.14. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the firm earned $2.52 EPS. The company’s revenue was up 39.3% on a year-over-year basis. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, equities analysts predict that Fabrinet will post 12.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FN. Fox Advisors cut shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research report on Tuesday, May 5th. Needham & Company LLC reiterated a “buy” rating and set a $800.00 target price on shares of Fabrinet in a research report on Tuesday, May 5th. Northland Securities set a $800.00 target price on shares of Fabrinet in a research report on Monday, April 20th. Barclays increased their target price on shares of Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings cut shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Fabrinet presently has an average rating of “Moderate Buy” and an average price target of $661.75.

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.