Fabrinet $FN Shares Acquired by Eventide Asset Management LLC

Eventide Asset Management LLC grew its holdings in Fabrinet (NYSE:FN) by 293.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,009 shares of the technology company’s stock after acquiring an additional 12,688 shares during the period. Eventide Asset Management LLC’s holdings in Fabrinet were worth $7,753,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of FN. Wasatch Advisors LP grew its stake in shares of Fabrinet by 45.1% in the second quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock worth $524,432,000 after acquiring an additional 553,196 shares in the last quarter. Norges Bank acquired a new position in shares of Fabrinet in the fourth quarter worth $193,766,000. JPMorgan Chase & Co. grew its stake in shares of Fabrinet by 64.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,065,414 shares of the technology company’s stock worth $485,063,000 after acquiring an additional 419,081 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Fabrinet by 226.1% in the third quarter. Alliancebernstein L.P. now owns 499,177 shares of the technology company’s stock worth $182,010,000 after acquiring an additional 346,113 shares in the last quarter. Finally, Holocene Advisors LP acquired a new position in shares of Fabrinet in the third quarter worth $124,847,000. 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 $608.68 on Monday. Fabrinet has a 1-year low of $244.24 and a 1-year high of $748.89. The stock has a market cap of $21.81 billion, a PE ratio of 52.29 and a beta of 1.18. The firm has a fifty day moving average price of $658.48 and a 200 day moving average price of $553.33.

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.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Fox Advisors downgraded shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. dropped their price target on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Northland Securities set a $800.00 target price on shares of Fabrinet in a research note on Monday, April 20th. Needham & Company LLC reiterated a “buy” rating and set a $800.00 target price on shares of Fabrinet in a research note on Tuesday, May 5th. Finally, Weiss Ratings downgraded shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Fabrinet has a consensus rating of “Moderate Buy” and a consensus price target 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.