Assetmark Inc. Buys 3,490 Shares of Fabrinet $FN

Assetmark Inc. grew its position in shares of Fabrinet (NYSE:FN) by 499.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,189 shares of the technology company’s stock after purchasing an additional 3,490 shares during the period. Assetmark Inc.’s holdings in Fabrinet were worth $2,185,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in FN. Core Wealth Advisors LLC purchased a new stake in shares of Fabrinet in the fourth quarter worth about $25,000. Westend Capital Management LLC bought a new position in shares of Fabrinet during the 4th quarter valued at approximately $29,000. Harbour Investments Inc. boosted its position in shares of Fabrinet by 75.0% during the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after acquiring an additional 27 shares during the last quarter. Creative Financial Designs Inc. ADV purchased a new position in shares of Fabrinet in the fourth quarter valued at $32,000. Finally, Quarry LP grew its holdings in shares of Fabrinet by 300.0% in the fourth quarter. Quarry LP now owns 72 shares of the technology company’s stock valued at $33,000 after purchasing an additional 54 shares in the last quarter. 97.38% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Homa Bahrami sold 2,500 shares of Fabrinet stock in a transaction on Friday, May 22nd. The stock was 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 directly owned 16,233 shares in the company, valued at approximately $11,556,435.03. This trade represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.24% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on FN. Northland Securities set a $800.00 price objective on shares of Fabrinet in a research report on Monday, April 20th. Wall Street Zen downgraded shares of Fabrinet from a “buy” rating to a “hold” rating in a report on Monday. Rosenblatt Securities upped their target price on shares of Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. lowered their price target on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Finally, Barclays lifted their price target on Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Fabrinet has an average rating of “Moderate Buy” and an average price target of $643.00.

Fabrinet Price Performance

Fabrinet stock opened at $516.70 on Friday. The firm has a market capitalization of $18.51 billion, a P/E ratio of 44.39 and a beta of 1.20. Fabrinet has a 1-year low of $272.49 and a 1-year high of $748.89. The company’s 50-day moving average is $584.60 and its 200 day moving average is $565.27.

Fabrinet (NYSE:FN) last announced its earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.14. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The company’s revenue for the quarter was up 39.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Research analysts anticipate that Fabrinet will post 12.97 earnings per share for the current fiscal year.

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.