BlackRock Amends Fabrinet Stake, Maintains Significant Holding
Ticker: FN · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 1408710
| Field | Detail |
|---|---|
| Company | Fabrinet (FN) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns a big chunk of Fabrinet, signaling institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, disclosing its ownership in Fabrinet's Common Stock as of December 31, 2023. This filing, Amendment No. 12, indicates that BlackRock continues to be a significant institutional holder, which can provide a sense of stability and institutional confidence in Fabrinet for current and prospective shareholders.
Why It Matters
This filing shows that a major institutional investor, BlackRock, still holds a substantial position in Fabrinet, which can be a positive signal for other investors regarding the stock's long-term viability.
Risk Assessment
Risk Level: low — This filing is routine and indicates stable institutional ownership, posing minimal risk to investors.
Analyst Insight
An investor should note BlackRock's continued significant ownership in Fabrinet as a sign of institutional confidence, but this filing alone doesn't provide new information to warrant immediate action. It's a routine update confirming existing positions.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Fabrinet (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment (Amendment No. 12) to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'Amendment No: 12' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as indicated under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What is the name of the issuer whose securities are being reported?
The name of the issuer is Fabrinet, as stated under '(Name of Issuer) FABRINET' in the Schedule 13G section.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
What is the title of the class of securities being reported?
The title of the class of securities being reported is Common Stock, as stated under '(Title of Class of Securities) Common Stock'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding Fabrinet (FN).