Fabrinet $FN Holdings Boosted by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in Fabrinet (NYSE:FN) by 4.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,108,813 shares of the technology company’s stock after acquiring an additional 50,708 shares during the period. Geode Capital Management LLC’s holdings in Fabrinet were worth $504,886,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of FN. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Fabrinet in the first quarter valued at approximately $203,000. Empowered Funds LLC acquired a new stake in shares of Fabrinet in the first quarter valued at approximately $2,331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Fabrinet by 4.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,444 shares of the technology company’s stock valued at $15,691,000 after purchasing an additional 3,717 shares during the period. M&T Bank Corp acquired a new stake in shares of Fabrinet in the second quarter valued at approximately $214,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Fabrinet by 574.7% in the second quarter. EverSource Wealth Advisors LLC now owns 533 shares of the technology company’s stock valued at $157,000 after purchasing an additional 454 shares during the period. Institutional investors own 97.38% of the company’s stock.

Insider Activity at Fabrinet

In related news, Director Homa Bahrami sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $711.91, for a total transaction of $1,779,775.00. Following the transaction, the director owned 16,233 shares in the company, valued at $11,556,435.03. This trade represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.24% of the stock is owned by corporate insiders.

Fabrinet Price Performance

NYSE FN opened at $654.70 on Monday. Fabrinet has a 12 month low of $224.66 and a 12 month high of $748.89. The firm has a market capitalization of $23.46 billion, a PE ratio of 56.25 and a beta of 1.18. The company’s 50 day simple moving average is $640.33 and its 200 day simple moving average is $537.64.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on FN shares. Wolfe Research upgraded shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price target on the stock in a research note on Wednesday, February 4th. Zacks Research upgraded shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Barclays raised their price target on shares of Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Fox Advisors lowered shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research note on Tuesday, May 5th. Finally, Needham & Company LLC restated a “buy” rating and issued a $800.00 price target on shares of Fabrinet in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $661.75.

Fabrinet Company 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.