Styrax Capital LP Buys Shares of 112,957 Fabrinet $FN

Styrax Capital LP bought a new stake in Fabrinet (NYSE:FN) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 112,957 shares of the technology company’s stock, valued at approximately $51,427,000. Fabrinet comprises 3.9% of Styrax Capital LP’s portfolio, making the stock its 9th largest position. Styrax Capital LP owned about 0.32% of Fabrinet at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Divisadero Street Capital Management LP grew its position in Fabrinet by 57.4% in the third quarter. Divisadero Street Capital Management LP now owns 56,344 shares of the technology company’s stock valued at $20,544,000 after acquiring an additional 20,556 shares during the last quarter. Swedbank AB acquired a new stake in shares of Fabrinet during the fourth quarter valued at about $5,372,000. M&T Bank Corp boosted its stake in shares of Fabrinet by 196.5% during the fourth quarter. M&T Bank Corp now owns 2,345 shares of the technology company’s stock valued at $1,068,000 after purchasing an additional 1,554 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich acquired a new stake in shares of Fabrinet during the third quarter valued at about $2,923,000. Finally, JSF Financial LLC acquired a new stake in shares of Fabrinet during the fourth quarter valued at about $957,000. Institutional investors own 97.38% of the company’s stock.

Fabrinet Price Performance

Fabrinet stock opened at $587.73 on Wednesday. The stock’s 50 day moving average is $660.68 and its 200 day moving average is $555.75. The firm has a market cap of $21.06 billion, a P/E ratio of 50.49 and a beta of 1.17. Fabrinet has a one year low of $255.95 and a one year high of $748.89.

Fabrinet (NYSE:FN) last posted its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $3.58 by $0.14. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The firm’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 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Equities analysts anticipate that Fabrinet will post 12.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FN. Weiss Ratings raised Fabrinet from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Fox Advisors lowered Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research note on Tuesday, May 5th. Northland Securities set a $800.00 price target on Fabrinet in a research note on Monday, April 20th. Zacks Research lowered Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, JPMorgan Chase & Co. cut their price target on Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $661.75.

Insider Activity at Fabrinet

In related news, Director Homa Bahrami sold 2,500 shares of Fabrinet stock in a transaction that occurred 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 transaction, the director directly owned 16,233 shares of the company’s stock, valued at $11,556,435.03. The trade was a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.24% of the stock is currently owned by corporate insiders.

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.