Fabrinet $FN Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Fabrinet (NYSE:FN) by 341.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 2,906 shares of the technology company’s stock after acquiring an additional 2,248 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Fabrinet were worth $1,516,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Munich Reinsurance Co Stock Corp in Munich boosted its stake in Fabrinet by 2.2% in the 1st quarter. Munich Reinsurance Co Stock Corp in Munich now owns 9,606 shares of the technology company’s stock worth $5,010,000 after purchasing an additional 210 shares in the last quarter. Personal CFO Solutions LLC increased its stake in Fabrinet by 18.1% during the 1st quarter. Personal CFO Solutions LLC now owns 646 shares of the technology company’s stock valued at $337,000 after purchasing an additional 99 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Fabrinet by 4.0% in the first quarter. Oregon Public Employees Retirement Fund now owns 7,384 shares of the technology company’s stock worth $3,851,000 after buying an additional 283 shares during the last quarter. Penobscot Investment Management Company Inc. raised its holdings in shares of Fabrinet by 2.7% in the first quarter. Penobscot Investment Management Company Inc. now owns 12,362 shares of the technology company’s stock worth $6,447,000 after buying an additional 320 shares during the last quarter. Finally, Swedbank AB lifted its stake in shares of Fabrinet by 76.3% during the first quarter. Swedbank AB now owns 20,805 shares of the technology company’s stock worth $10,850,000 after buying an additional 9,005 shares during the period. Institutional investors and hedge funds own 97.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Zacks Research lowered shares of Fabrinet from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Wall Street Zen raised Fabrinet from a “hold” rating to a “buy” rating in a research report on Sunday. Rosenblatt Securities boosted their price target on Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Weiss Ratings lowered Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 30th. Finally, Barclays raised their price objective on Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Fabrinet has a consensus rating of “Moderate Buy” and a consensus price target of $661.75.

Insiders Place Their Bets

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of Fabrinet stock in a transaction dated Friday, May 22nd. The stock was 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 owned 16,233 shares in the company, valued at approximately $11,556,435.03. This trade represents a 13.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.24% of the company’s stock.

Fabrinet Price Performance

FN stock opened at $487.42 on Thursday. The company has a market capitalization of $17.46 billion, a P/E ratio of 41.87 and a beta of 1.20. Fabrinet has a 12 month low of $272.49 and a 12 month high of $748.89. The firm’s fifty day simple moving average is $604.21 and its 200-day simple moving average is $563.94.

Fabrinet (NYSE:FN) last issued 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 firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The firm’s revenue was up 39.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, sell-side analysts forecast that Fabrinet will post 12.96 earnings per share for the current year.

About Fabrinet

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.