Clark Capital Management Group Inc. Has $97.76 Million Holdings in Fabrinet $FN

Clark Capital Management Group Inc. decreased its stake in shares of Fabrinet (NYSE:FN) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 214,734 shares of the technology company’s stock after selling 1,895 shares during the quarter. Clark Capital Management Group Inc. owned about 0.60% of Fabrinet worth $97,764,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of FN. Core Wealth Advisors LLC acquired a new stake in shares of Fabrinet during the 4th quarter worth approximately $25,000. Westend Capital Management LLC acquired a new stake in shares of Fabrinet during the 4th quarter worth approximately $29,000. Harbour Investments Inc. grew its position in shares of Fabrinet by 75.0% during the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock worth $29,000 after buying an additional 27 shares during the period. Creative Financial Designs Inc. ADV bought a new position in shares of Fabrinet during the 4th quarter worth about $32,000. Finally, Quarry LP grew its stake in shares of Fabrinet by 300.0% in the 4th quarter. Quarry LP now owns 72 shares of the technology company’s stock valued at $33,000 after buying an additional 54 shares during the period. Institutional investors and hedge funds own 97.38% of the company’s stock.

Fabrinet Stock Down 7.5%

Shares of FN opened at $587.73 on Wednesday. Fabrinet has a 12-month low of $255.95 and a 12-month high of $748.89. The business’s fifty day moving average is $660.68 and its 200 day moving average is $555.75. The stock has a market cap of $21.06 billion, a P/E ratio of 50.49 and a beta of 1.17.

Fabrinet (NYSE:FN) last issued 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 return on equity of 19.83% and a net margin of 9.94%.The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the business earned $2.52 EPS. Fabrinet’s quarterly revenue was up 39.3% compared to the same quarter last year. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. On average, analysts expect that Fabrinet will post 12.96 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Fox Advisors downgraded Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research note on Tuesday, May 5th. Rosenblatt Securities raised their price objective on 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 restated a “buy” rating and set a $800.00 price objective on shares of Fabrinet in a report on Tuesday, May 5th. Barclays increased their target price on Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. cut their target price on Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $661.75.

Insider Activity

In related news, Director Homa Bahrami sold 2,500 shares of the stock in a transaction 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 in the company, valued at $11,556,435.03. This trade represents a 13.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.24% of the stock is currently owned by corporate insiders.

Fabrinet Company Profile

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.