Styrax Capital LP Sells 37,957 Shares of Fabrinet $FN

Styrax Capital LP lowered its stake in shares of Fabrinet (NYSE:FN) by 33.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 75,000 shares of the technology company’s stock after selling 37,957 shares during the period. Fabrinet makes up approximately 2.7% of Styrax Capital LP’s holdings, making the stock its 14th biggest position. Styrax Capital LP’s holdings in Fabrinet were worth $39,114,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Core Wealth Advisors LLC purchased a new stake in Fabrinet during the fourth quarter valued at $25,000. Westend Capital Management LLC purchased a new position in Fabrinet in the fourth quarter worth about $29,000. Harbour Investments Inc. grew its stake in shares of Fabrinet by 75.0% during the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after purchasing an additional 27 shares during the period. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Fabrinet during the 1st quarter valued at about $31,000. Finally, Creative Financial Designs Inc. ADV purchased a new stake in shares of Fabrinet during the 4th quarter valued at about $32,000. Institutional investors own 97.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Wall Street Zen cut shares of Fabrinet from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Weiss Ratings downgraded Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 30th. Needham & Company LLC cut their price objective on Fabrinet from $800.00 to $650.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Northland Securities set a $800.00 target price on shares of Fabrinet in a report on Monday, April 20th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $643.00.

Insider Transactions at Fabrinet

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $711.91, for a total transaction of $1,779,775.00. Following the transaction, the director directly owned 16,233 shares in the company, valued at $11,556,435.03. This trade represents a 13.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.24% of the stock is currently owned by company insiders.

Fabrinet Price Performance

Shares of NYSE:FN opened at $475.48 on Monday. The business has a 50 day simple moving average of $579.66 and a two-hundred day simple moving average of $565.40. Fabrinet has a 1 year low of $272.49 and a 1 year high of $748.89. The firm has a market capitalization of $17.04 billion, a PE ratio of 40.85 and a beta of 1.20.

Fabrinet (NYSE:FN) last announced its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 EPS for the quarter, beating the consensus estimate of $3.58 by $0.14. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.Fabrinet’s quarterly revenue was up 39.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Equities research analysts expect that Fabrinet will post 12.97 EPS for the current fiscal 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.