State of Wyoming Decreases Position in Fabrinet $FN

State of Wyoming reduced its stake in Fabrinet (NYSE:FN) by 60.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,232 shares of the technology company’s stock after selling 1,862 shares during the period. State of Wyoming’s holdings in Fabrinet were worth $643,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FN. Price T Rowe Associates Inc. MD boosted its holdings in shares of Fabrinet by 163.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,041,227 shares of the technology company’s stock valued at $1,839,891,000 after buying an additional 2,504,841 shares in the last quarter. Wasatch Advisors LP raised its stake in Fabrinet by 45.1% during the 2nd quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock worth $524,432,000 after acquiring an additional 553,196 shares in the last quarter. Norges Bank acquired a new stake in Fabrinet during the 4th quarter worth $193,766,000. JPMorgan Chase & Co. lifted its position in Fabrinet by 64.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,065,414 shares of the technology company’s stock valued at $485,063,000 after acquiring an additional 419,081 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Fabrinet by 183.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 333,555 shares of the technology company’s stock valued at $121,621,000 after acquiring an additional 215,903 shares in the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.

Analyst Ratings Changes

FN has been the topic of several research reports. Needham & Company LLC dropped their price objective on Fabrinet from $800.00 to $650.00 and set a “buy” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. reduced their target price on Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Northland Securities set a $800.00 target price on Fabrinet in a research report on Monday, April 20th. Fox Advisors downgraded Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research note on Tuesday, May 5th. Finally, Barclays lifted their price target on Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Fabrinet presently has an average rating of “Moderate Buy” and a consensus target price of $643.00.

Fabrinet Stock Performance

Shares of NYSE:FN opened at $516.70 on Friday. Fabrinet has a one year low of $272.49 and a one year high of $748.89. The stock has a market capitalization of $18.51 billion, a price-to-earnings ratio of 44.39 and a beta of 1.20. The company has a 50-day simple moving average of $584.60 and a 200-day simple moving average of $565.27.

Fabrinet (NYSE:FN) last released its quarterly 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. The firm 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 business’s revenue was up 39.3% on a year-over-year basis. During the same quarter last year, the company posted $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, research analysts forecast that Fabrinet will post 12.97 EPS for the current fiscal year.

Insider Activity

In other news, Director Homa Bahrami sold 2,500 shares of the business’s 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 owned 16,233 shares of the company’s stock, valued at approximately $11,556,435.03. The trade was a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.24% of the company’s stock.

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.