Artisan Partners Limited Partnership Cuts Stock Position in Fabrinet $FN

Artisan Partners Limited Partnership trimmed its position in shares of Fabrinet (NYSE:FN) by 56.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 146,525 shares of the technology company’s stock after selling 191,738 shares during the quarter. Artisan Partners Limited Partnership owned about 0.41% of Fabrinet worth $53,426,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Root Financial Partners LLC bought a new position in shares of Fabrinet during the 3rd quarter worth approximately $34,000. Elevation Point Wealth Partners LLC purchased a new position in Fabrinet in the second quarter worth $35,000. First Horizon Advisors Inc. increased its position in shares of Fabrinet by 124.2% during the second quarter. First Horizon Advisors Inc. now owns 139 shares of the technology company’s stock worth $41,000 after purchasing an additional 77 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Fabrinet by 33.6% during the 2nd quarter. Bessemer Group Inc. now owns 171 shares of the technology company’s stock valued at $50,000 after purchasing an additional 43 shares during the last quarter. Finally, MAI Capital Management boosted its position in shares of Fabrinet by 86.7% in the 2nd quarter. MAI Capital Management now owns 183 shares of the technology company’s stock worth $54,000 after purchasing an additional 85 shares in the last quarter. 97.38% of the stock is currently owned by institutional investors.

Fabrinet Trading Down 2.9%

Shares of NYSE FN opened at $546.15 on Friday. The company has a 50 day simple moving average of $489.44 and a two-hundred day simple moving average of $429.78. The stock has a market cap of $19.57 billion, a price-to-earnings ratio of 52.31 and a beta of 1.04. Fabrinet has a 12 month low of $148.55 and a 12 month high of $632.99.

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

Insider Activity

In related news, Director Homa Bahrami sold 3,500 shares of Fabrinet stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $453.75, for a total transaction of $1,588,125.00. Following the completion of the transaction, the director directly owned 18,316 shares in the company, valued at approximately $8,310,885. This trade represents a 16.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas F. Kelly sold 2,200 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $464.14, for a total value of $1,021,108.00. Following the completion of the transaction, the director directly owned 18,789 shares of the company’s stock, valued at $8,720,726.46. The trade was a 10.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Barclays upped their target price on Fabrinet from $537.00 to $548.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. Weiss Ratings lowered shares of Fabrinet from a “buy (b)” rating to a “hold (c+)” rating in a research report on Friday, February 13th. Rosenblatt Securities reiterated a “buy” rating and issued a $550.00 target price on shares of Fabrinet in a research note on Tuesday, February 3rd. Northland Securities set a $600.00 price target on shares of Fabrinet in a research note on Monday, December 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $540.00 price objective on shares of Fabrinet in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Fabrinet currently has a consensus rating of “Moderate Buy” and a consensus price target of $541.25.

Fabrinet 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.