Bessemer Group Inc. Boosts Stake in Fabrinet $FN

Bessemer Group Inc. lifted its stake in shares of Fabrinet (NYSE:FN) by 6.9% in the first quarter, HoldingsChannel.com reports. The fund owned 31,480 shares of the technology company’s stock after acquiring an additional 2,028 shares during the quarter. Bessemer Group Inc.’s holdings in Fabrinet were worth $16,417,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Core Wealth Advisors LLC bought a new position in Fabrinet in the fourth quarter valued at $25,000. Westend Capital Management LLC purchased a new position in shares of Fabrinet in the 4th quarter worth about $29,000. Harbour Investments Inc. boosted its holdings in shares of Fabrinet by 75.0% in the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock worth $29,000 after purchasing an additional 27 shares in the last quarter. Creative Financial Designs Inc. ADV bought a new position in shares of Fabrinet during the 4th quarter valued at about $32,000. Finally, Quarry LP raised its holdings in shares of Fabrinet by 300.0% during the 4th quarter. Quarry LP now owns 72 shares of the technology company’s stock valued at $33,000 after buying an additional 54 shares in the last quarter. 97.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Wall Street Zen upgraded Fabrinet from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Northland Securities set a $800.00 price target on shares of Fabrinet in a research report on Monday, April 20th. Rosenblatt Securities lifted their price target on shares of Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Needham & Company LLC restated a “buy” rating and issued a $800.00 price objective on shares of Fabrinet in a report on Tuesday, May 5th. Finally, Fox Advisors cut shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research note on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $661.75.

Fabrinet Price Performance

Shares of Fabrinet stock opened at $476.68 on Friday. Fabrinet has a one year low of $272.49 and a one year high of $748.89. The business’s 50 day simple moving average is $598.02 and its two-hundred day simple moving average is $563.20. The stock has a market capitalization of $17.08 billion, a P/E ratio of 40.95 and a beta of 1.20.

Fabrinet (NYSE:FN) last issued its earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the business earned $2.52 earnings per share. The business’s revenue 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 expect that Fabrinet will post 12.97 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of the stock in a transaction 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 completion of the sale, the director owned 16,233 shares of the company’s stock, valued at $11,556,435.03. This represents a 13.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.24% of the stock is owned by insiders.

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.