Entropy Technologies LP Has $3.01 Million Stock Position in Fabrinet $FN

Entropy Technologies LP raised its stake in Fabrinet (NYSE:FN) by 1,002.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,615 shares of the technology company’s stock after buying an additional 6,015 shares during the period. Entropy Technologies LP’s holdings in Fabrinet were worth $3,012,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Divisadero Street Capital Management LP boosted its position in Fabrinet by 57.4% in the third quarter. Divisadero Street Capital Management LP now owns 56,344 shares of the technology company’s stock valued at $20,544,000 after buying an additional 20,556 shares in the last quarter. Swedbank AB acquired a new stake in Fabrinet in the fourth quarter valued at approximately $5,372,000. M&T Bank Corp boosted its position in Fabrinet by 196.5% in the fourth quarter. M&T Bank Corp now owns 2,345 shares of the technology company’s stock valued at $1,068,000 after buying an additional 1,554 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich acquired a new stake in Fabrinet in the third quarter valued at approximately $2,923,000. Finally, JSF Financial LLC acquired a new stake in Fabrinet in the fourth quarter valued at approximately $957,000. 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 Fabrinet 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 transaction, the director owned 16,233 shares in the company, valued at approximately $11,556,435.03. The trade was 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 accessible through the SEC website. Company insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on FN shares. JPMorgan Chase & Co. cut their target price on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Fox Advisors lowered shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research report on Tuesday, May 5th. Northland Securities set a $800.00 price target on shares of Fabrinet in a 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 report on Tuesday, May 5th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $800.00 price target on shares of Fabrinet in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $661.75.

Fabrinet Stock Performance

Shares of NYSE:FN opened at $608.68 on Monday. The firm has a market cap of $21.81 billion, a PE ratio of 52.29 and a beta of 1.18. The firm’s fifty day moving average is $658.48 and its 200-day moving average is $553.33. Fabrinet has a 52 week low of $244.24 and a 52 week high of $748.89.

Fabrinet (NYSE:FN) last issued its quarterly earnings results on Monday, May 4th. The technology company reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $3.58 by $0.14. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. Fabrinet’s revenue 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. Sell-side analysts forecast that Fabrinet will post 12.96 EPS for the current year.

Fabrinet 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.