Arrowstreet Capital Limited Partnership Sells 75,252 Shares of Fabrinet $FN

Arrowstreet Capital Limited Partnership lessened its position in shares of Fabrinet (NYSE:FN) by 15.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 398,650 shares of the technology company’s stock after selling 75,252 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Fabrinet were worth $207,904,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC acquired a new position in shares of Fabrinet during the 1st quarter worth about $203,000. Empowered Funds LLC bought a new position in Fabrinet during the 1st quarter worth approximately $2,331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Fabrinet by 4.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,444 shares of the technology company’s stock valued at $15,691,000 after purchasing an additional 3,717 shares during the period. M&T Bank Corp bought a new stake in Fabrinet in the second quarter valued at approximately $214,000. Finally, EverSource Wealth Advisors LLC increased its stake in Fabrinet by 574.7% in the second quarter. EverSource Wealth Advisors LLC now owns 533 shares of the technology company’s stock valued at $157,000 after purchasing an additional 454 shares in the last quarter. Institutional investors own 97.38% of the company’s stock.

Insider Transactions at Fabrinet

In other 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 directly owned 16,233 shares in the company, valued at approximately $11,556,435.03. This represents a 13.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.24% of the stock is owned by corporate insiders.

Fabrinet Stock Performance

Shares of NYSE:FN opened at $475.48 on Friday. Fabrinet has a 52-week low of $272.49 and a 52-week high of $748.89. The company has a market capitalization of $17.04 billion, a P/E ratio of 40.85 and a beta of 1.20. The company has a 50-day simple moving average of $579.66 and a 200 day simple moving average of $564.64.

Fabrinet (NYSE:FN) last announced its quarterly earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share for the quarter, topping analysts’ consensus estimates of $3.58 by $0.14. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the business earned $2.52 earnings per share. The business’s revenue was up 39.3% compared to the same quarter last year. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, equities analysts forecast that Fabrinet will post 12.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Rosenblatt Securities boosted their target price on Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. dropped their price target on Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Needham & Company LLC cut their price objective on Fabrinet from $800.00 to $650.00 and set a “buy” rating on the stock in a report on Wednesday. Barclays increased their target price on Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Finally, Wall Street Zen downgraded shares of Fabrinet from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $643.00.

About Fabrinet

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.