Fabrinet $FN Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its holdings in Fabrinet (NYSE:FN) by 271.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,505 shares of the technology company’s stock after acquiring an additional 36,894 shares during the period. BNP Paribas Financial Markets owned about 0.14% of Fabrinet worth $22,994,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of FN. Ashton Thomas Private Wealth LLC acquired a new position in shares of Fabrinet during the first quarter worth $203,000. Empowered Funds LLC purchased a new position in shares of Fabrinet in the 1st quarter valued at about $2,331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Fabrinet by 4.9% in the 1st 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 acquiring an additional 3,717 shares during the last quarter. M&T Bank Corp acquired a new stake in shares of Fabrinet during the 2nd quarter worth about $214,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Fabrinet by 574.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 533 shares of the technology company’s stock worth $157,000 after acquiring an additional 454 shares in the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.

Insider Activity at Fabrinet

In other news, Director Homa Bahrami sold 2,500 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $711.91, for a total value of $1,779,775.00. Following the completion of the sale, the director directly owned 16,233 shares of the company’s stock, valued at approximately $11,556,435.03. This represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.24% of the company’s stock.

Fabrinet Price Performance

Shares of FN opened at $622.08 on Friday. Fabrinet has a 1-year low of $231.51 and a 1-year high of $748.89. The stock has a market cap of $22.29 billion, a PE ratio of 53.44 and a beta of 1.17. The firm has a fifty day moving average price of $651.98 and a 200 day moving average price of $545.63.

Fabrinet (NYSE:FN) last announced its quarterly earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share 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 firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the company earned $2.52 earnings per share. Fabrinet’s quarterly revenue was up 39.3% compared to the same quarter last year. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, equities analysts expect that Fabrinet will post 12.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Barclays upped their price target on Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Fox Advisors downgraded Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. Rosenblatt Securities upped their price target on Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Finally, Zacks Research raised shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Fabrinet currently has a consensus rating of “Moderate Buy” and a consensus target price of $661.75.

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.