Dimensional Fund Advisors LP Cuts Position in Fabrinet $FN

Dimensional Fund Advisors LP lowered its stake in shares of Fabrinet (NYSE:FN) by 9.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 262,765 shares of the technology company’s stock after selling 28,504 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Fabrinet were worth $136,973,000 as of its most recent SEC filing.

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

Insider Activity at Fabrinet

In related news, Director Homa Bahrami sold 2,500 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Needham & Company LLC dropped their target price on shares of Fabrinet from $800.00 to $650.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Wall Street Zen downgraded shares of Fabrinet from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Fox Advisors downgraded Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research report on Tuesday, May 5th. Barclays increased their price objective on shares of Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Finally, Zacks Research downgraded shares of Fabrinet from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $643.00.

Fabrinet Stock Performance

Shares of NYSE:FN opened at $471.75 on Tuesday. The firm has a market cap of $16.90 billion, a price-to-earnings ratio of 40.53 and a beta of 1.20. The firm has a fifty day moving average price of $575.08 and a 200 day moving average price of $565.35. Fabrinet has a fifty-two week low of $272.49 and a fifty-two week high of $748.89.

Fabrinet (NYSE:FN) last announced its quarterly earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the firm posted $2.52 EPS. Fabrinet’s revenue for the quarter 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, research analysts predict that Fabrinet will post 12.97 earnings per share for the current year.

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.