Kennedy Capital Management LLC Increases Stake in Fabrinet $FN

Kennedy Capital Management LLC lifted its stake in shares of Fabrinet (NYSE:FN) by 5.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,773 shares of the technology company’s stock after buying an additional 1,460 shares during the quarter. Kennedy Capital Management LLC owned about 0.08% of Fabrinet worth $12,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of FN. Eventide Asset Management LLC grew its holdings in Fabrinet by 293.6% in the fourth quarter. Eventide Asset Management LLC now owns 17,009 shares of the technology company’s stock worth $7,753,000 after purchasing an additional 12,688 shares during the period. Entropy Technologies LP grew its holdings in Fabrinet by 1,002.5% in the fourth quarter. Entropy Technologies LP now owns 6,615 shares of the technology company’s stock worth $3,012,000 after purchasing an additional 6,015 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Fabrinet by 42.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 473,902 shares of the technology company’s stock worth $215,758,000 after purchasing an additional 140,347 shares during the period. Atlas Capital Advisors Inc. purchased a new stake in Fabrinet in the fourth quarter worth about $227,000. Finally, Arete Wealth Advisors LLC purchased a new stake in Fabrinet in the fourth quarter worth about $1,283,000. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Fabrinet Stock Down 0.4%

Shares of Fabrinet stock opened at $608.68 on Monday. The company has a market cap of $21.81 billion, a price-to-earnings ratio of 52.29 and a beta of 1.18. The company’s 50 day moving average is $658.48 and its 200 day moving average is $553.33. Fabrinet has a twelve month low of $244.24 and a twelve month high of $748.89.

Fabrinet (NYSE:FN) last issued its quarterly earnings data 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. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The firm’s revenue for the quarter was up 39.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Sell-side analysts expect that Fabrinet will post 12.96 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Homa Bahrami sold 2,500 shares of the 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 represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.24% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on FN. Barclays upped their price objective on shares of Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Zacks Research upgraded shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Northland Securities set a $800.00 price objective on shares of Fabrinet in a report on Monday, April 20th. Fox Advisors cut shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. Finally, Rosenblatt Securities upped their price objective on shares of Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.