Homa Bahrami Sells 2,500 Shares of Fabrinet (NYSE:FN) Stock

Fabrinet (NYSE:FN) Director Homa Bahrami sold 2,500 shares of Fabrinet stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $711.91, for a total transaction of $1,779,775.00. Following the completion of the transaction, the director directly owned 16,233 shares of the company’s stock, valued at $11,556,435.03. The trade was a 13.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Fabrinet Stock Up 0.4%

Shares of FN stock traded up $2.62 during mid-day trading on Friday, hitting $705.89. 483,823 shares of the stock were exchanged, compared to its average volume of 748,844. The firm has a fifty day moving average of $619.27 and a 200 day moving average of $528.19. Fabrinet has a 52-week low of $222.66 and a 52-week high of $748.89. The company has a market cap of $25.29 billion, a PE ratio of 60.64 and a beta of 1.22.

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, beating the consensus estimate 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%.Fabrinet’s revenue for the quarter was up 39.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Equities analysts predict that Fabrinet will post 12.96 EPS for the current year.

Institutional Investors Weigh In On Fabrinet

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Core Wealth Advisors LLC purchased a new position in shares of Fabrinet in the fourth quarter worth about $25,000. Westend Capital Management LLC acquired a new position in Fabrinet during the fourth quarter worth about $29,000. Harbour Investments Inc. grew its stake 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 acquiring an additional 27 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in Fabrinet in the 1st quarter valued at about $31,000. Finally, Creative Financial Designs Inc. ADV acquired a new stake in Fabrinet in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 97.38% of the company’s stock.

Wall Street Analysts Forecast Growth

FN has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Barclays upped their price objective on shares of Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Susquehanna increased their price objective on shares of Fabrinet from $550.00 to $570.00 and gave the company a “positive” rating in a report on Thursday, January 22nd. Northland Securities set a $800.00 target price on shares of Fabrinet in a research note on Monday, April 20th. Finally, Wolfe Research upgraded shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price target for the company in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Fabrinet has an average rating of “Moderate Buy” and an average price target of $661.75.

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.