Stephens Investment Management Group LLC Has $70.03 Million Stock Position in Fabrinet $FN

Stephens Investment Management Group LLC lessened its stake in shares of Fabrinet (NYSE:FN) by 2.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 134,288 shares of the technology company’s stock after selling 3,812 shares during the period. Stephens Investment Management Group LLC’s holdings in Fabrinet were worth $70,034,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of FN. Praxis Investment Management Inc. increased its holdings in shares of Fabrinet by 12.3% during the first quarter. Praxis Investment Management Inc. now owns 1,033 shares of the technology company’s stock worth $539,000 after buying an additional 113 shares in the last quarter. Revisor Wealth Management LLC acquired a new stake in shares of Fabrinet during the 1st quarter valued at $267,000. Evolution Wealth Management Inc. grew its position in Fabrinet by 1,250.0% during the 1st quarter. Evolution Wealth Management Inc. now owns 540 shares of the technology company’s stock worth $282,000 after acquiring an additional 500 shares during the last quarter. QRG Capital Management Inc. grew its position in Fabrinet by 4.8% during the 1st quarter. QRG Capital Management Inc. now owns 1,763 shares of the technology company’s stock worth $919,000 after acquiring an additional 81 shares during the last quarter. Finally, HB Wealth Management LLC increased its holdings in Fabrinet by 15.8% in the 1st quarter. HB Wealth Management LLC now owns 841 shares of the technology company’s stock worth $439,000 after purchasing an additional 115 shares in the last quarter. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of the firm’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 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.24% of the company’s stock.

Fabrinet Trading Down 0.1%

Shares of FN opened at $498.93 on Friday. The company has a market capitalization of $17.88 billion, a PE ratio of 42.86 and a beta of 1.20. Fabrinet has a 12 month low of $272.49 and a 12 month high of $748.89. The stock’s 50-day moving average price is $635.20 and its two-hundred day moving average price is $562.59.

Fabrinet (NYSE:FN) last issued its quarterly earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.14. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the firm 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. Equities research analysts predict that Fabrinet will post 12.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FN. Northland Securities set a $800.00 price target on Fabrinet in a research note on Monday, April 20th. Fox Advisors downgraded Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research note on Tuesday, May 5th. Zacks Research lowered shares of Fabrinet from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Weiss Ratings downgraded shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. Finally, Barclays boosted their target price on shares of Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Fabrinet presently has an average rating of “Moderate Buy” and an average target price of $661.75.

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.