WCM Investment Management LLC Exits Position in Fabrinet, Selling 32980 Shares

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Fabrinet ($NYSE:FN) is a technology-driven, global provider of advanced optical packaging and precision optics manufacturing services to original equipment manufacturers (OEMs) of products such as optical communication components, modules, and sub-systems. Their customers include some of the leading companies in the optical communications, industrial, consumer, hyperscale data center, and medical markets. This is due to the increasing demand for Fabrinet’s services, particularly in the optical communications and industrial sectors.

Price History

Following the transaction, the stock opened at $189.6 and closed at $192.2, a 1.9% increase from its previous closing price of 188.5. Fabrinet_Selling_32980_Shares”>Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Fabrinet. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Fabrinet. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Fabrinet. More…

Key Ratios Snapshot

Some of the financial key ratios for Fabrinet are shown below. More…

Analysis

As a result of our analysis of FABRINET‘s fundamentals, we have classified the company as a ‘gorilla’ – a company that has achieved stable and high revenue or earning growth. This type of company typically possesses a strong competitive advantage, making it an attractive proposition for investors. Upon further review of the Star Chart, we can see that FABRINET scores highly in terms of asset growth, is medium in profitability and weak in dividend. That said, it boasts a strong health score of 10/10 due to its cashflows and debt levels, meaning that it is more than capable of sustaining future operations in times of crisis. More…

Peers

The company services a diverse set of markets, including telecommunications, data communications, aerospace and defense, industrial, life sciences, medical devices, and consumer electronics. Fabrinet has a strong competitive position in its markets, with a comprehensive suite of capabilities and a global footprint. The company’s competitors include Castech Inc, TT Electronics PLC, Gooch & Housego PLC, and others.

– Castech Inc ($SZSE:002222)

Castech Inc is a leading manufacturer of semiconductor products and services. The company has a market cap of 6.84B as of 2022 and a return on equity of 12.34%. The company’s products and services are used in a variety of electronic devices and systems, including computers, cell phones, and automotive electronics.

– TT Electronics PLC ($LSE:TTG)

TT Electronics is a provider of advanced electronics solutions for global markets. The company designs and manufactures electronic components, systems and services for applications in the aerospace, defence, rail, oil and gas, marine, medical, power generation and distribution, and industrial markets.

TT Electronics has a market capitalisation of £232.53 million as of March 2022 and a return on equity of 3.65%. The company designs and manufactures electronic components, systems and services for applications in the aerospace, defence, rail, oil and gas, marine, medical, power generation and distribution, and industrial markets.

– Gooch & Housego PLC ($LSE:GHH)

Gooch & Housego PLC is a leading global provider of advanced photonics solutions. They design, manufacture and supply a wide range of optical components, systems and instrumentation to meet the needs of their customers worldwide. Gooch & Housego has a market cap of 118.69M as of 2022 and a return on equity of 3.16%. The company has a strong focus on innovative photonics solutions and providing excellent customer service.

Summary

This sell-off indicates that WCM may not have high confidence in the future of Fabrinet. Investors should analyze the company’s financials, risk factors and competitive landscape to determine whether to invest in Fabrinet. Current financials should be reviewed to gauge profitability, while risk factors should be evaluated in order to identify potential areas of concern.

Investors should also assess how Fabrinet is positioned in comparison to its competitors to see if they have a competitive advantage. Long-term investors should also keep an eye on industry trends and developments to make sure Fabrinet is well-positioned for the future.