Emerald Advisers LLC Has $56.06 Million Stock Holdings in Fabrinet $FN

Emerald Advisers LLC lessened its position in Fabrinet (NYSE:FN) by 1.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 107,493 shares of the technology company’s stock after selling 1,796 shares during the period. Fabrinet makes up 1.8% of Emerald Advisers LLC’s portfolio, making the stock its 8th biggest position. Emerald Advisers LLC owned approximately 0.30% of Fabrinet worth $56,060,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Core Wealth Advisors LLC bought a new position in Fabrinet in the 4th quarter worth about $25,000. Westend Capital Management LLC bought a new stake in shares of Fabrinet during the fourth quarter valued at approximately $29,000. Harbour Investments Inc. raised its holdings in shares of Fabrinet by 75.0% during the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after buying an additional 27 shares during the last quarter. Creative Financial Designs Inc. ADV bought a new stake in shares of Fabrinet during the fourth quarter valued at approximately $32,000. Finally, Quarry LP boosted its position in shares of Fabrinet by 300.0% during the fourth quarter. Quarry LP now owns 72 shares of the technology company’s stock worth $33,000 after buying an additional 54 shares during the period. 97.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of the firm’s 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 directly owned 16,233 shares in the company, valued at $11,556,435.03. This trade represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.24% of the company’s stock.

Fabrinet Stock Up 0.8%

Shares of NYSE FN opened at $475.10 on Tuesday. The stock has a market capitalization of $17.02 billion, a price-to-earnings ratio of 40.82 and a beta of 1.20. The stock’s fifty day simple moving average is $611.51 and its 200 day simple moving average is $563.95. Fabrinet has a 52-week low of $272.49 and a 52-week 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 the consensus estimate of $3.58 by $0.14. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.Fabrinet’s revenue was up 39.3% compared to the same quarter last year. During the same period 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. As a group, analysts anticipate that Fabrinet will post 12.96 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on FN. Rosenblatt Securities increased their price target on Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. 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. JPMorgan Chase & Co. decreased their target price 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. Wall Street Zen raised shares of Fabrinet from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Weiss Ratings downgraded shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 30th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.