Raiffeisen Bank International AG Invests $4.62 Million in Fabrinet $FN

Raiffeisen Bank International AG acquired a new position in shares of Fabrinet (NYSE:FN – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,000 shares of the technology company’s stock, valued at approximately $4,619,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Core Wealth Advisors LLC bought a new stake in Fabrinet in the fourth quarter valued at about $25,000. Westend Capital Management LLC bought a new stake in Fabrinet in the fourth quarter valued at about $29,000. Harbour Investments Inc. increased its stake in Fabrinet by 75.0% in the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after acquiring an additional 27 shares during the period. Creative Financial Designs Inc. ADV bought a new stake in Fabrinet in the fourth quarter valued at about $32,000. Finally, Rakuten Securities Inc. increased its stake in Fabrinet by 340.9% in the fourth quarter. Rakuten Securities Inc. now owns 97 shares of the technology company’s stock valued at $44,000 after acquiring an additional 75 shares during the period. Institutional investors own 97.38% of the company’s stock.

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Insider Activity

In other news, Director Homa Bahrami sold 2,500 shares of the company’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 transaction, the director directly owned 16,233 shares in the company, valued at approximately $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 accessible through this link. Insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

FN has been the topic of a number of analyst reports. Rosenblatt Securities upped their target price on shares of Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Needham & Company LLC reissued a “buy” rating and issued a $800.00 target price on shares of Fabrinet in a research note on Tuesday, May 5th. Weiss Ratings cut shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Zacks Research raised shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a research note 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $661.75.

Check Out Our Latest Analysis on FN

Fabrinet Trading Up 0.4%

Shares of FN stock opened at $582.80 on Friday. Fabrinet has a 1 year low of $242.42 and a 1 year high of $748.89. The firm’s 50 day moving average is $657.03 and its 200-day moving average is $551.97. The firm has a market capitalization of $20.88 billion, a price-to-earnings ratio of 50.07 and a beta of 1.17.

Fabrinet (NYSE:FN – Get Free Report) last announced its earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share (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 analyst estimates of $1.19 billion. During the same period in the prior year, the business earned $2.52 earnings per share. Fabrinet’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. On average, equities research analysts forecast that Fabrinet will post 12.96 earnings per share for the current fiscal 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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