Montanaro Asset Management Ltd Has $12.52 Million Stock Position in Fabrinet $FN

Montanaro Asset Management Ltd decreased its position in shares of Fabrinet (NYSE:FN) by 16.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,500 shares of the technology company’s stock after selling 5,500 shares during the quarter. Fabrinet makes up approximately 3.5% of Montanaro Asset Management Ltd’s holdings, making the stock its 10th largest holding. Montanaro Asset Management Ltd owned about 0.08% of Fabrinet worth $12,520,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Core Wealth Advisors LLC bought a new stake in shares of Fabrinet during the fourth quarter worth $25,000. Westend Capital Management LLC acquired a new position in shares of Fabrinet during the fourth quarter valued at $29,000. Harbour Investments Inc. boosted its holdings in Fabrinet by 75.0% in the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after acquiring an additional 27 shares during the last quarter. Creative Financial Designs Inc. ADV bought a new stake in Fabrinet during the 4th quarter worth about $32,000. Finally, Quarry LP lifted its position in Fabrinet by 300.0% during the 4th quarter. Quarry LP now owns 72 shares of the technology company’s stock valued at $33,000 after purchasing an additional 54 shares during the period. 97.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Northland Securities set a $800.00 target price on shares of Fabrinet in a research note on Monday, April 20th. Needham & Company LLC restated a “buy” rating and issued a $800.00 price objective on shares of Fabrinet in a report on Tuesday, May 5th. Fox Advisors cut shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research note on Tuesday, May 5th. Zacks Research lowered shares of Fabrinet from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Finally, Weiss Ratings raised shares of Fabrinet from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Fabrinet has a consensus rating of “Moderate Buy” and an average price target of $661.75.

Insiders Place Their Bets

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 sale, the director owned 16,233 shares in the company, valued at approximately $11,556,435.03. This represents a 13.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.24% of the stock is currently owned by company insiders.

Fabrinet Trading Up 0.1%

Shares of NYSE FN opened at $574.48 on Friday. The firm has a market cap of $20.58 billion, a PE ratio of 49.35 and a beta of 1.17. Fabrinet has a 1-year low of $261.03 and a 1-year high of $748.89. The company has a fifty day moving average price of $660.91 and a 200 day moving average price of $557.63.

Fabrinet (NYSE:FN) last announced its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $3.58 by $0.14. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The firm’s revenue for the quarter was up 39.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Equities research analysts forecast that Fabrinet will post 12.96 EPS for the current year.

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.