American Century Companies Inc. Acquires 146,575 Shares of Fabrinet $FN

American Century Companies Inc. raised its stake in shares of Fabrinet (NYSE:FN) by 585.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,595 shares of the technology company’s stock after buying an additional 146,575 shares during the quarter. American Century Companies Inc.’s holdings in Fabrinet were worth $62,568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cullen Frost Bankers Inc. grew its stake in Fabrinet by 20.4% during the third quarter. Cullen Frost Bankers Inc. now owns 171 shares of the technology company’s stock valued at $62,000 after acquiring an additional 29 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in shares of Fabrinet by 3.2% during the 2nd quarter. Coldstream Capital Management Inc. now owns 998 shares of the technology company’s stock valued at $294,000 after purchasing an additional 31 shares during the last quarter. Evergreen Capital Management LLC grew its position in shares of Fabrinet by 1.0% during the second quarter. Evergreen Capital Management LLC now owns 3,032 shares of the technology company’s stock valued at $893,000 after purchasing an additional 31 shares in the last quarter. Stephens Inc. AR grew its position in shares of Fabrinet by 4.4% during the third quarter. Stephens Inc. AR now owns 782 shares of the technology company’s stock valued at $285,000 after purchasing an additional 33 shares in the last quarter. Finally, Profund Advisors LLC increased its holdings in shares of Fabrinet by 2.2% in the third quarter. Profund Advisors LLC now owns 1,505 shares of the technology company’s stock worth $549,000 after purchasing an additional 33 shares during the last quarter. Institutional investors own 97.38% of the company’s stock.

Fabrinet Stock Up 2.3%

FN opened at $565.93 on Thursday. The business has a fifty day moving average of $494.37 and a 200 day moving average of $435.33. Fabrinet has a 52-week low of $148.55 and a 52-week high of $632.99. The stock has a market cap of $20.28 billion, a P/E ratio of 54.21 and a beta of 1.01.

Fabrinet (NYSE:FN) last released its earnings results on Monday, February 2nd. The technology company reported $3.36 earnings per share 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 the consensus estimate of $1.08 billion. Fabrinet had a return on equity of 18.69% and a net margin of 9.69%.The business’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 earnings per share. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. Equities analysts anticipate that Fabrinet will post 9.4 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on FN. Northland Securities set a $600.00 price target on Fabrinet in a research note on Monday, December 22nd. Weiss Ratings cut Fabrinet from a “buy (b)” rating to a “hold (c+)” rating in a report on Friday, February 13th. Susquehanna raised their target price on shares of Fabrinet from $550.00 to $570.00 and gave the company a “positive” rating in a report on Thursday, January 22nd. Needham & Company LLC restated a “buy” rating and issued a $540.00 price target on shares of Fabrinet in a research report on Tuesday, February 3rd. Finally, Barclays upped their price target on shares of Fabrinet from $537.00 to $548.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $541.25.

Fabrinet Profile

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.