Fabrinet $FN Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC cut its stake in shares of Fabrinet (NYSE:FN) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,516 shares of the technology company’s stock after selling 4,434 shares during the period. Fabrinet makes up approximately 2.7% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its 4th largest holding. Rice Hall James & Associates LLC owned about 0.30% of Fabrinet worth $48,495,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Core Wealth Advisors LLC acquired a new stake in shares of Fabrinet during the fourth quarter worth $25,000. Westend Capital Management LLC acquired a new position in Fabrinet in the fourth quarter valued at about $29,000. Harbour Investments Inc. grew its stake in Fabrinet by 75.0% in the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after acquiring an additional 27 shares during the period. Creative Financial Designs Inc. ADV acquired a new position in Fabrinet in the fourth quarter valued at 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 valued at $33,000 after acquiring an additional 54 shares during the period. 97.38% of the stock is owned by institutional investors and hedge funds.

Fabrinet Stock Performance

FN opened at $634.88 on Tuesday. Fabrinet has a 52-week low of $248.27 and a 52-week high of $748.89. The firm has a market capitalization of $22.75 billion, a PE ratio of 54.54 and a beta of 1.18. The business’s 50-day simple moving average is $660.05 and its 200 day simple moving average is $554.78.

Fabrinet (NYSE:FN) last released its earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.14. The business had revenue of $1.21 billion for 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 was up 39.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. On average, research analysts forecast that Fabrinet will post 12.96 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FN. Weiss Ratings cut Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Fox Advisors cut Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research note on Tuesday, May 5th. Needham & Company LLC reissued a “buy” rating and issued a $800.00 target price on shares of Fabrinet in a research note on Tuesday, May 5th. Barclays boosted 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. Finally, Northland Securities set a $800.00 price target on Fabrinet in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $661.75.

Insider Transactions at Fabrinet

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of the company’s stock in a transaction that occurred on 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 owned 16,233 shares in the company, valued at $11,556,435.03. This represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.24% of the stock is owned by corporate 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.