Fabrinet $FN Shares Sold by Neumeier Poma Investment Counsel LLC

Neumeier Poma Investment Counsel LLC cut its stake in Fabrinet (NYSE:FN) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 87,671 shares of the technology company’s stock after selling 720 shares during the period. Fabrinet makes up 3.3% of Neumeier Poma Investment Counsel LLC’s investment portfolio, making the stock its 13th largest position. Neumeier Poma Investment Counsel LLC’s holdings in Fabrinet were worth $39,915,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Core Wealth Advisors LLC acquired a new stake in shares of Fabrinet in the fourth quarter worth approximately $25,000. Westend Capital Management LLC purchased a new position in shares of Fabrinet in the 4th quarter worth $29,000. Harbour Investments Inc. raised its position in shares of 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 during the period. Creative Financial Designs Inc. ADV purchased a new position in shares of Fabrinet in the 4th quarter worth $32,000. Finally, Rakuten Securities Inc. raised its position in shares of Fabrinet by 340.9% in the 4th quarter. Rakuten Securities Inc. now owns 97 shares of the technology company’s stock worth $44,000 after buying an additional 75 shares during the period. 97.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on FN shares. JPMorgan Chase & Co. reduced their price target on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Rosenblatt Securities lifted their price target on shares of Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Weiss Ratings cut shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 price target on shares of Fabrinet in a research report on Tuesday, May 5th. Finally, Northland Securities set a $800.00 price target on shares of Fabrinet in a research report on Monday, April 20th. One 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, the company presently has an average rating of “Moderate Buy” and an average target price of $661.75.

Fabrinet Trading Down 0.8%

NYSE FN opened at $719.28 on Friday. The company’s fifty day simple moving average is $651.77 and its 200-day simple moving average is $545.09. Fabrinet has a 52 week low of $231.51 and a 52 week high of $748.89. The stock has a market cap of $25.77 billion, a P/E ratio of 61.79 and a beta of 1.17.

Fabrinet (NYSE:FN) last posted its earnings results on Monday, May 4th. The technology company reported $3.72 EPS for the quarter, topping 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 business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the company posted $2.52 earnings per share. The business’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. On average, research analysts expect that Fabrinet will post 12.96 EPS for the current fiscal year.

Insider Activity at Fabrinet

In other news, Director Homa Bahrami sold 2,500 shares of the business’s 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 transaction, the director directly owned 16,233 shares of the company’s stock, 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 document filed with the SEC, which is available at this hyperlink. Insiders own 0.24% of the company’s stock.

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.