Barings LLC Has $6.21 Million Position in Fabrinet $FN

Barings LLC decreased its stake in Fabrinet (NYSE:FN) by 20.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,033 shares of the technology company’s stock after selling 4,455 shares during the period. Barings LLC’s holdings in Fabrinet were worth $6,211,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Cullen Frost Bankers Inc. boosted its holdings in Fabrinet by 20.4% in the third quarter. Cullen Frost Bankers Inc. now owns 171 shares of the technology company’s stock valued at $62,000 after acquiring an additional 29 shares during the last quarter. Coldstream Capital Management Inc. lifted its position in shares of Fabrinet by 3.2% in the 2nd quarter. Coldstream Capital Management Inc. now owns 998 shares of the technology company’s stock worth $294,000 after purchasing an additional 31 shares during the period. Evergreen Capital Management LLC lifted its position in shares of Fabrinet by 1.0% in the 2nd quarter. Evergreen Capital Management LLC now owns 3,032 shares of the technology company’s stock worth $893,000 after purchasing an additional 31 shares during the period. Stephens Inc. AR boosted its stake in shares of Fabrinet by 4.4% in the 3rd quarter. Stephens Inc. AR now owns 782 shares of the technology company’s stock valued at $285,000 after purchasing an additional 33 shares during the last quarter. Finally, Profund Advisors LLC increased its position in shares of Fabrinet by 2.2% during the third quarter. Profund Advisors LLC now owns 1,505 shares of the technology company’s stock worth $549,000 after buying an additional 33 shares during the period. 97.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FN has been the topic of several recent analyst reports. B. Riley Financial boosted their target price on shares of Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Susquehanna lifted their price objective on Fabrinet from $550.00 to $570.00 and gave the stock a “positive” rating in a research report on Thursday, January 22nd. Rosenblatt Securities restated a “buy” rating and set a $550.00 target price on shares of Fabrinet in a research report on Tuesday, February 3rd. Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Finally, Barclays boosted their price target on Fabrinet from $537.00 to $548.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Fabrinet has an average rating of “Moderate Buy” and an average price target of $541.25.

Fabrinet Price Performance

Shares of Fabrinet stock opened at $546.12 on Friday. The business has a 50-day simple moving average of $477.24 and a 200 day simple moving average of $421.36. Fabrinet has a one year low of $148.55 and a one year high of $557.60. The firm has a market capitalization of $19.57 billion, a price-to-earnings ratio of 52.31 and a beta of 1.04.

Fabrinet (NYSE:FN) last announced its quarterly earnings results on Monday, February 2nd. The technology company reported $3.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.26 by $0.10. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.08 billion. Fabrinet had a return on equity of 18.69% and a net margin of 9.69%.The company’s quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.61 earnings per share. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. On average, sell-side analysts expect that Fabrinet will post 9.4 EPS for the current year.

Insider Activity at Fabrinet

In other Fabrinet news, CEO Seamus Grady sold 22,451 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $446.95, for a total transaction of $10,034,474.45. Following the completion of the sale, the chief executive officer owned 23,573 shares in the company, valued at approximately $10,535,952.35. The trade was a 48.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas F. Kelly sold 2,200 shares of the company’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $464.14, for a total transaction of $1,021,108.00. Following the transaction, the director owned 18,789 shares in the company, valued at approximately $8,720,726.46. The trade was a 10.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 28,151 shares of company stock valued at $12,643,707. 0.24% of the stock is owned by company insiders.

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.