Algert Global LLC Sells 55,325 Shares of Fabrinet $FN

Algert Global LLC lowered its position in Fabrinet (NYSE:FN) by 64.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,395 shares of the technology company’s stock after selling 55,325 shares during the quarter. Algert Global LLC owned approximately 0.08% of Fabrinet worth $11,083,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Alliancebernstein L.P. lifted its stake in Fabrinet by 226.1% in the 3rd quarter. Alliancebernstein L.P. now owns 499,177 shares of the technology company’s stock valued at $182,010,000 after purchasing an additional 346,113 shares during the last quarter. Creative Planning increased its position in Fabrinet by 20.7% during the third quarter. Creative Planning now owns 24,130 shares of the technology company’s stock worth $8,798,000 after buying an additional 4,132 shares during the last quarter. Lazard Asset Management LLC raised its stake in Fabrinet by 69.7% in the third quarter. Lazard Asset Management LLC now owns 14,820 shares of the technology company’s stock valued at $5,404,000 after buying an additional 6,086 shares during the period. Prairie Wealth Advisors Inc. boosted its position in Fabrinet by 21.9% during the third quarter. Prairie Wealth Advisors Inc. now owns 1,115 shares of the technology company’s stock worth $407,000 after purchasing an additional 200 shares during the period. Finally, Credit Agricole S A acquired a new position in shares of Fabrinet in the third quarter valued at $3,497,000. 97.38% of the stock is owned by institutional investors.

Fabrinet Stock Down 2.1%

Shares of FN opened at $502.17 on Monday. Fabrinet has a 12-month low of $148.55 and a 12-month high of $632.99. The business has a 50-day simple moving average of $501.54 and a two-hundred day simple moving average of $446.89. The stock has a market cap of $17.99 billion, a PE ratio of 48.10 and a beta of 1.01.

Fabrinet (NYSE:FN) last released its quarterly earnings results on Monday, February 2nd. The technology company reported $3.36 earnings per share for the quarter, topping the consensus estimate of $3.26 by $0.10. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Fabrinet had a return on equity of 18.69% and a net margin of 9.69%.The business’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.61 earnings per share. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. On average, equities research analysts expect that Fabrinet will post 9.4 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wolfe Research raised shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price objective on the stock in a research report on Wednesday, February 4th. B. Riley Financial lifted their target price on shares of Fabrinet from $366.00 to $452.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. Northland Securities set a $600.00 price target on shares of Fabrinet in a research note on Monday, December 22nd. Rosenblatt Securities reissued a “buy” rating and issued a $550.00 price target on shares of Fabrinet in a report on Tuesday, February 3rd. Finally, Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $541.25.

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.