De Lisle Partners LLP Decreases Stock Position in Fabrinet $FN

De Lisle Partners LLP lowered its stake in Fabrinet (NYSE:FN) by 47.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,891 shares of the technology company’s stock after selling 14,109 shares during the quarter. De Lisle Partners LLP’s holdings in Fabrinet were worth $7,228,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Core Wealth Advisors LLC purchased a new stake in Fabrinet in the 4th quarter worth $25,000. Westend Capital Management LLC bought a new stake in shares of Fabrinet in the 4th quarter worth about $29,000. Harbour Investments Inc. increased its holdings 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 last quarter. Creative Financial Designs Inc. ADV bought a new stake in shares of Fabrinet in the 4th quarter worth about $32,000. Finally, Rakuten Securities Inc. increased its holdings 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 last quarter. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Insider Buying and Selling

In other news, Director Homa Bahrami sold 2,500 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the director owned 16,233 shares of the company’s stock, valued at approximately $11,556,435.03. This represents a 13.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.24% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Fox Advisors downgraded shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. Rosenblatt Securities boosted their target price on shares of Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. reduced their target price on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Needham & Company LLC restated a “buy” rating and issued a $800.00 target price on shares of Fabrinet in a report on Tuesday, May 5th. Finally, Zacks Research upgraded shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a report 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $661.75.

Fabrinet Trading Up 4.5%

Shares of NYSE:FN opened at $608.68 on Friday. The company has a market capitalization of $21.81 billion, a price-to-earnings ratio of 52.29 and a beta of 1.17. Fabrinet has a 12 month low of $244.24 and a 12 month high of $748.89. The firm’s 50-day moving average is $658.48 and its 200 day moving average is $552.37.

Fabrinet (NYSE:FN) last issued 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. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The company’s revenue for the quarter was up 39.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, equities analysts forecast that Fabrinet will post 12.96 EPS for the current fiscal year.

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.