Savant Capital LLC Sells 3,221 Shares of Fabrinet $FN

by · The Markets Daily

Savant Capital LLC lowered its stake in Fabrinet (NYSE:FN – Free Report) by 78.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 903 shares of the technology company’s stock after selling 3,221 shares during the quarter. Savant Capital LLC’s holdings in Fabrinet were worth $411,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wasatch Advisors LP increased its stake in shares of Fabrinet by 45.1% during the second quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock valued at $524,432,000 after buying an additional 553,196 shares during the period. Alliancebernstein L.P. increased its stake in shares of Fabrinet by 226.1% during the third quarter. Alliancebernstein L.P. now owns 499,177 shares of the technology company’s stock valued at $182,010,000 after buying an additional 346,113 shares during the period. Holocene Advisors LP purchased a new position in shares of Fabrinet during the third quarter valued at approximately $124,847,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Fabrinet by 183.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 333,555 shares of the technology company’s stock valued at $121,621,000 after buying an additional 215,903 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Fabrinet by 33.3% during the third quarter. Invesco Ltd. now owns 681,850 shares of the technology company’s stock valued at $248,616,000 after buying an additional 170,297 shares during the period. Institutional investors own 97.38% of the company’s stock.

Wall Street Analysts Forecast Growth

FN has been the topic of several research analyst reports. Rosenblatt Securities boosted their target price on Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Northland Securities set a $800.00 target price on Fabrinet in a research note on Monday, April 20th. Needham & Company LLC reissued a “buy” rating and set a $800.00 target price on shares of Fabrinet in a research note on Tuesday, May 5th. Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Finally, JPMorgan Chase & Co. reduced their target price on Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $661.75.

View Our Latest Research Report on Fabrinet

Insiders Place Their Bets

In related news, Director Homa Bahrami sold 2,500 shares of the company’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 sale, the director directly owned 16,233 shares of the company’s stock, valued at $11,556,435.03. This represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.24% of the stock is currently owned by insiders.

Fabrinet Stock Down 13.0%

Shares of FN stock opened at $622.08 on Friday. The stock has a market cap of $22.29 billion, a price-to-earnings ratio of 53.44 and a beta of 1.17. The business’s fifty day moving average is $651.98 and its 200 day moving average is $545.63. Fabrinet has a twelve month low of $231.51 and a twelve month high of $748.89.

Fabrinet (NYSE:FN – Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.14. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The firm’s revenue for the quarter was up 39.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Equities research analysts expect that Fabrinet will post 12.96 earnings per share for the current fiscal year.

Fabrinet Profile

(Free Report)

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.

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