Analog Century Management LP Sells 42,883 Shares of Fabrinet $FN

Analog Century Management LP reduced its stake in Fabrinet (NYSE:FN) by 13.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 278,931 shares of the technology company’s stock after selling 42,883 shares during the quarter. Fabrinet comprises 5.5% of Analog Century Management LP’s holdings, making the stock its 6th largest position. Analog Century Management LP owned 0.78% of Fabrinet worth $101,704,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of FN. Root Financial Partners LLC bought a new position in Fabrinet during the 3rd quarter worth $34,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Fabrinet in the second quarter valued at about $35,000. CI Investments Inc. grew its stake in shares of Fabrinet by 40.6% in the third quarter. CI Investments Inc. now owns 149 shares of the technology company’s stock valued at $54,000 after acquiring an additional 43 shares in the last quarter. Cullen Frost Bankers Inc. increased its position in Fabrinet by 20.4% during the third quarter. Cullen Frost Bankers Inc. now owns 171 shares of the technology company’s stock worth $62,000 after acquiring an additional 29 shares during the period. Finally, MAI Capital Management increased its position in Fabrinet by 86.7% during the second quarter. MAI Capital Management now owns 183 shares of the technology company’s stock worth $54,000 after acquiring an additional 85 shares during the period. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Fabrinet Stock Down 2.1%

Shares of Fabrinet stock opened at $502.17 on Friday. The stock has a market cap of $17.99 billion, a price-to-earnings ratio of 48.10 and a beta of 1.01. Fabrinet has a twelve month low of $148.55 and a twelve month high of $632.99. The company’s fifty day moving average is $501.54 and its 200 day moving average is $445.28.

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

Analysts Set New Price Targets

FN has been the subject of a number of recent research reports. Weiss Ratings downgraded shares of Fabrinet from a “buy (b)” rating to a “hold (c+)” rating in a report on Friday, February 13th. Rosenblatt Securities reiterated a “buy” rating and issued a $550.00 price target on shares of Fabrinet in a research report on Tuesday, February 3rd. Zacks Research upgraded Fabrinet from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Barclays increased their price target on Fabrinet from $537.00 to $548.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. Finally, Needham & Company LLC restated a “buy” rating and set a $540.00 price objective on shares of Fabrinet in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $541.25.

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.