Campbell Newman Asset Management Inc. Sells 1,640 Shares of Fabrinet $FN

Campbell Newman Asset Management Inc. reduced its holdings in shares of Fabrinet (NYSE:FN) by 15.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,846 shares of the technology company’s stock after selling 1,640 shares during the period. Campbell Newman Asset Management Inc.’s holdings in Fabrinet were worth $4,613,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Fabrinet by 163.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,041,227 shares of the technology company’s stock valued at $1,839,891,000 after purchasing an additional 2,504,841 shares during the period. Wasatch Advisors LP increased its holdings in Fabrinet by 45.1% in the second 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. Norges Bank acquired a new position in Fabrinet in the fourth quarter valued at approximately $193,766,000. JPMorgan Chase & Co. lifted its stake in Fabrinet by 64.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,065,414 shares of the technology company’s stock valued at $485,063,000 after buying an additional 419,081 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of Fabrinet by 226.1% during the 3rd quarter. Alliancebernstein L.P. now owns 499,177 shares of the technology company’s stock worth $182,010,000 after buying an additional 346,113 shares in the last quarter. 97.38% of the stock is owned by institutional investors.

Fabrinet Stock Performance

Shares of NYSE FN opened at $574.48 on Monday. The stock has a market cap of $20.58 billion, a price-to-earnings ratio of 49.35 and a beta of 1.18. Fabrinet has a fifty-two week low of $261.03 and a fifty-two week high of $748.89. The firm’s 50-day simple moving average is $660.91 and its 200 day simple moving average is $558.40.

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. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The company’s revenue for the quarter 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. On average, sell-side analysts predict that Fabrinet will post 12.96 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on FN shares. Barclays lifted their price objective on shares of Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Zacks Research lowered shares of Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. JPMorgan Chase & Co. reduced their price target on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Fox Advisors cut shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. Finally, Rosenblatt Securities lifted their price target on shares of Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $661.75.

Insider Transactions at Fabrinet

In related news, Director Homa Bahrami sold 2,500 shares of the company’s stock in a transaction 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 approximately $11,556,435.03. This represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company 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.