Fabrinet $FN Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its position in shares of Fabrinet (NYSE:FN) by 0.7% in the fourth quarter, HoldingsChannel reports. The firm owned 258,113 shares of the technology company’s stock after selling 1,861 shares during the period. Bank of New York Mellon Corp’s holdings in Fabrinet were worth $117,514,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Core Wealth Advisors LLC acquired a new stake in shares of Fabrinet in the fourth quarter valued at approximately $25,000. Westend Capital Management LLC acquired a new position in shares of Fabrinet during the fourth quarter worth approximately $29,000. Harbour Investments Inc. grew its holdings in Fabrinet by 75.0% in the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock worth $29,000 after buying an additional 27 shares in the last quarter. Creative Financial Designs Inc. ADV bought a new position in Fabrinet in the 4th quarter worth approximately $32,000. Finally, Rakuten Securities Inc. increased its position in Fabrinet by 340.9% in the 4th quarter. Rakuten Securities Inc. now owns 97 shares of the technology company’s stock valued at $44,000 after acquiring an additional 75 shares during the period. Institutional investors own 97.38% of the company’s stock.

Fabrinet Price Performance

FN opened at $622.08 on Monday. The business has a 50 day moving average price of $651.98 and a two-hundred day moving average price of $546.54. The company has a market capitalization of $22.29 billion, a price-to-earnings ratio of 53.44 and a beta of 1.18. Fabrinet has a 1-year low of $231.51 and a 1-year high of $748.89.

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

Analyst Ratings Changes

Several analysts have weighed in on FN shares. Barclays lifted their target price on Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Fox Advisors lowered Fabrinet from a “strong-buy” rating to an “equal weight” rating in a 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 on the stock in a research note on Tuesday, May 5th. Rosenblatt Securities upped their price objective on shares of Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Finally, Needham & Company LLC reissued a “buy” rating and set a $800.00 target price on shares of Fabrinet in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Fabrinet has a consensus rating of “Moderate Buy” and a consensus target price of $661.75.

Insider Transactions at Fabrinet

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of the business’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 sale, the director directly owned 16,233 shares in the company, valued at approximately $11,556,435.03. The trade was a 13.35% decrease in their ownership of the stock. 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 insiders.

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.