Freemont Management S.A. Sells 2,500 Shares of Fabrinet $FN

Freemont Management S.A. lessened its position in Fabrinet (NYSE:FN) by 9.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,100 shares of the technology company’s stock after selling 2,500 shares during the period. Fabrinet comprises approximately 1.9% of Freemont Management S.A.’s holdings, making the stock its 11th biggest holding. Freemont Management S.A.’s holdings in Fabrinet were worth $12,569,000 as of its most recent filing with the SEC.

Other large 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 4th quarter worth about $25,000. Westend Capital Management LLC acquired a new position in Fabrinet in the fourth quarter valued at about $29,000. Harbour Investments Inc. boosted its position 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 buying an additional 27 shares in the last quarter. Creative Financial Designs Inc. ADV bought a new stake in Fabrinet during the fourth quarter worth about $32,000. Finally, Quarry LP grew its stake in Fabrinet by 300.0% during the fourth quarter. Quarry LP now owns 72 shares of the technology company’s stock worth $33,000 after buying an additional 54 shares during the last quarter. Institutional investors own 97.38% of the company’s stock.

Analyst Upgrades and Downgrades

FN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their target price on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Rosenblatt Securities increased their price target on Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Fox Advisors cut Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. Weiss Ratings cut Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 30th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $800.00 price objective on shares of Fabrinet in a research report on Tuesday, May 5th. Six investment 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 has an average rating of “Moderate Buy” and an average price target of $661.75.

Insider Buying and Selling at Fabrinet

In related news, Director Homa Bahrami sold 2,500 shares of the business’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 transaction, the director owned 16,233 shares in the company, valued at $11,556,435.03. The trade was a 13.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.24% of the stock is currently owned by corporate insiders.

Fabrinet Trading Up 3.6%

FN opened at $476.68 on Friday. The stock has a market capitalization of $17.08 billion, a PE ratio of 40.95 and a beta of 1.20. Fabrinet has a 1-year low of $272.49 and a 1-year high of $748.89. The firm has a 50-day moving average price of $598.02 and a two-hundred day moving average price of $563.20.

Fabrinet (NYSE:FN) last announced its earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share 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 company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the firm posted $2.52 earnings per share. The company’s revenue was up 39.3% on a year-over-year basis. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. On average, research analysts predict that Fabrinet will post 12.97 EPS for the current 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.