Virtu Financial LLC Acquires Shares of 4,074 Fabrinet $FN

Virtu Financial LLC bought a new position in Fabrinet (NYSE:FN) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 4,074 shares of the technology company’s stock, valued at approximately $1,854,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC bought a new position in Fabrinet during the 1st quarter valued at about $203,000. Empowered Funds LLC bought a new position in Fabrinet in the 1st quarter worth about $2,331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Fabrinet by 4.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,444 shares of the technology company’s stock worth $15,691,000 after acquiring an additional 3,717 shares during the period. M&T Bank Corp purchased a new stake in shares of Fabrinet in the 2nd quarter worth $214,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Fabrinet by 574.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 533 shares of the technology company’s stock worth $157,000 after acquiring an additional 454 shares in the last quarter. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Insider Activity

In related news, Director Homa Bahrami sold 2,500 shares of the firm’s stock in a transaction 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 completion of the transaction, the director owned 16,233 shares in the company, valued at $11,556,435.03. This trade represents a 13.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.24% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Fox Advisors lowered shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. Zacks Research downgraded Fabrinet from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Barclays increased their price objective on Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Finally, Northland Securities set a $800.00 price objective on Fabrinet in a research report on Monday, April 20th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $661.75.

Fabrinet Trading Up 0.1%

NYSE:FN opened at $574.48 on Friday. Fabrinet has a twelve month low of $261.03 and a twelve month high of $748.89. The company has a market cap of $20.58 billion, a PE ratio of 49.35 and a beta of 1.17. The company’s 50 day moving average is $660.91 and its two-hundred day moving average is $557.63.

Fabrinet (NYSE:FN) last posted its quarterly earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share (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 during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the company posted $2.52 earnings per share. The business’s quarterly revenue was up 39.3% on a year-over-year basis. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, analysts expect 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.