WINTON GROUP Ltd Trims Stake in Fabrinet $FN

WINTON GROUP Ltd lowered its position in Fabrinet (NYSE:FNFree Report) by 31.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,504 shares of the technology company’s stock after selling 1,167 shares during the quarter. WINTON GROUP Ltd’s holdings in Fabrinet were worth $1,140,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in FN. Balboa Wealth Partners grew its holdings in Fabrinet by 2.5% during the 4th quarter. Balboa Wealth Partners now owns 863 shares of the technology company’s stock worth $393,000 after acquiring an additional 21 shares in the last quarter. Richardson Financial Services Inc. lifted its position in shares of Fabrinet by 12.2% during the fourth quarter. Richardson Financial Services Inc. now owns 211 shares of the technology company’s stock valued at $96,000 after buying an additional 23 shares during the last quarter. REAP Financial Group LLC lifted its position in shares of Fabrinet by 15.7% during the fourth quarter. REAP Financial Group LLC now owns 192 shares of the technology company’s stock valued at $87,000 after buying an additional 26 shares during the last quarter. Harbour Investments Inc. lifted its position in shares of Fabrinet by 75.0% during 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 during the last quarter. Finally, Allworth Financial LP lifted its position in shares of Fabrinet by 7.4% during the fourth quarter. Allworth Financial LP now owns 405 shares of the technology company’s stock valued at $184,000 after buying an additional 28 shares during the last quarter. 97.38% of the stock is currently owned by institutional investors.

Insider Transactions at Fabrinet

In related news, Director Homa Bahrami sold 2,500 shares of Fabrinet stock in a transaction 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 sale, the director owned 16,233 shares of the company’s stock, valued at approximately $11,556,435.03. This trade represents a 13.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on FN shares. Barclays increased their price target on shares of Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Rosenblatt Securities increased their price objective on shares of Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. decreased their price objective on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Weiss Ratings lowered shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $800.00 price objective on shares of Fabrinet in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $661.75.

Check Out Our Latest Stock Report on FN

Fabrinet Price Performance

NYSE:FN opened at $586.25 on Wednesday. The firm has a market cap of $21.01 billion, a price-to-earnings ratio of 50.37 and a beta of 1.17. The company has a 50 day moving average price of $654.15 and a 200-day moving average price of $549.25. Fabrinet has a 1-year low of $231.95 and a 1-year high of $748.89.

Fabrinet (NYSE:FNGet Free Report) last posted its 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. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The business’s quarterly revenue was up 39.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. On average, sell-side analysts anticipate that Fabrinet will post 12.96 earnings per share for the current fiscal year.

Fabrinet Company 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.

See Also

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Institutional Ownership by Quarter for Fabrinet (NYSE:FN)

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