Fabrinet $FN Shares Sold by Legato Capital Management LLC

Posted by on May 23rd, 2026

Legato Capital Management LLC cut its holdings in Fabrinet (NYSE:FN – Free Report) by 13.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,230 shares of the technology company’s stock after selling 1,120 shares during the period. Legato Capital Management LLC’s holdings in Fabrinet were worth $3,292,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of FN. Balboa Wealth Partners lifted its position in Fabrinet by 2.5% in the 4th quarter. Balboa Wealth Partners now owns 863 shares of the technology company’s stock valued at $393,000 after purchasing an additional 21 shares during the last quarter. Richardson Financial Services Inc. lifted its position in Fabrinet by 12.2% in the 4th quarter. Richardson Financial Services Inc. now owns 211 shares of the technology company’s stock valued at $96,000 after purchasing an additional 23 shares during the last quarter. Allworth Financial LP lifted its position in Fabrinet by 7.4% in the 4th quarter. Allworth Financial LP now owns 405 shares of the technology company’s stock valued at $184,000 after purchasing an additional 28 shares during the last quarter. Cullen Frost Bankers Inc. lifted its position in Fabrinet by 20.4% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 171 shares of the technology company’s stock valued at $62,000 after purchasing an additional 29 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC lifted its position in Fabrinet by 2.8% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 1,134 shares of the technology company’s stock valued at $516,000 after purchasing an additional 31 shares during the last quarter. 97.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fabrinet

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

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Barclays lifted their price objective 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. 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. B. Riley Financial lifted their price objective on shares of Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Finally, Zacks Research upgraded shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $661.75.

Read Our Latest Research Report on FN

Fabrinet Trading Up 0.4%

FN stock opened at $705.89 on Friday. Fabrinet has a 52 week low of $222.66 and a 52 week high of $748.89. The company has a market capitalization of $25.29 billion, a price-to-earnings ratio of 60.64 and a beta of 1.22. The firm’s 50-day moving average is $622.90 and its two-hundred day moving average is $529.44.

Fabrinet (NYSE:FN – Get Free Report) last released its quarterly earnings results on Monday, May 4th. The technology company reported $3.72 EPS 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 for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the firm earned $2.52 EPS. Fabrinet’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, equities research analysts predict that Fabrinet will post 12.96 earnings per share for the current year.

About Fabrinet

(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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Institutional Ownership by Quarter for Fabrinet (NYSE:FN)

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