ProShare Advisors LLC Trims Stock Position in Fabrinet $FN

ProShare Advisors LLC decreased its stake in Fabrinet (NYSE:FN) by 14.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 7,706 shares of the technology company’s stock after selling 1,296 shares during the period. ProShare Advisors LLC’s holdings in Fabrinet were worth $2,810,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FN. Nordea Investment Management AB lifted its position in Fabrinet by 0.3% during the 2nd quarter. Nordea Investment Management AB now owns 43,411 shares of the technology company’s stock worth $12,845,000 after acquiring an additional 132 shares during the period. Azzad Asset Management Inc. ADV purchased a new stake in shares of Fabrinet during the third quarter worth approximately $1,037,000. Federated Hermes Inc. lifted its holdings in shares of Fabrinet by 105.2% during the third quarter. Federated Hermes Inc. now owns 5,982 shares of the technology company’s stock worth $2,181,000 after purchasing an additional 3,067 shares during the period. Argent Capital Management LLC purchased a new position in Fabrinet in the 3rd quarter valued at $4,931,000. Finally, Gateway Investment Advisers LLC acquired a new position in Fabrinet in the 3rd quarter valued at $1,435,000. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Fabrinet Trading Up 7.5%

Shares of FN opened at $496.92 on Friday. Fabrinet has a twelve month low of $148.55 and a twelve month high of $531.22. The firm has a market capitalization of $17.80 billion, a P/E ratio of 47.60 and a beta of 1.04. The firm’s 50-day moving average is $476.17 and its two-hundred day moving average is $415.45.

Fabrinet (NYSE:FN) last announced its quarterly earnings results on Monday, February 2nd. The technology company reported $3.36 EPS for the quarter, topping the consensus estimate of $3.26 by $0.10. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.08 billion. Fabrinet had a return on equity of 18.69% and a net margin of 9.69%.The company’s quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.61 EPS. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. Analysts predict that Fabrinet will post 9.4 EPS for the current year.

Insiders Place Their Bets

In related news, Director Homa Bahrami sold 3,500 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $453.75, for a total value of $1,588,125.00. Following the sale, the director directly owned 18,316 shares of the company’s stock, valued at approximately $8,310,885. This represents a 16.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Seamus Grady sold 22,451 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $446.95, for a total transaction of $10,034,474.45. Following the transaction, the chief executive officer owned 23,573 shares of the company’s stock, valued at $10,535,952.35. This trade represents a 48.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 28,151 shares of company stock worth $12,643,707. 0.24% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on FN shares. Rosenblatt Securities restated a “buy” rating and issued a $550.00 target price on shares of Fabrinet in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. raised their price objective on shares of Fabrinet from $430.00 to $530.00 and gave the company an “overweight” rating in a research report on Tuesday, November 4th. B. Riley Financial lifted their price objective on Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Barclays boosted their target price on Fabrinet from $537.00 to $548.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. Finally, Wolfe Research raised Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price target for the company in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Fabrinet currently has an average rating of “Buy” and an average price target of $511.11.

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.