Fabrinet $FN is Andar Capital Management HK Ltd’s 7th Largest Position

Andar Capital Management HK Ltd grew its holdings in Fabrinet (NYSE:FN) by 137.4% during the first quarter, HoldingsChannel.com reports. The firm owned 15,000 shares of the technology company’s stock after acquiring an additional 8,682 shares during the quarter. Fabrinet makes up about 6.7% of Andar Capital Management HK Ltd’s holdings, making the stock its 7th biggest holding. Andar Capital Management HK Ltd’s holdings in Fabrinet were worth $7,823,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FN. Swedbank AB purchased a new stake in shares of Fabrinet in the 4th quarter valued at $5,372,000. M&T Bank Corp boosted its holdings in Fabrinet by 196.5% during the 4th quarter. M&T Bank Corp now owns 2,345 shares of the technology company’s stock valued at $1,068,000 after acquiring an additional 1,554 shares during the period. JSF Financial LLC purchased a new position in Fabrinet during the 4th quarter valued at about $957,000. Principal Financial Group Inc. grew its position in Fabrinet by 4.0% in the 4th quarter. Principal Financial Group Inc. now owns 187,883 shares of the technology company’s stock valued at $85,539,000 after acquiring an additional 7,233 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Fabrinet by 117.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,979 shares of the technology company’s stock valued at $3,633,000 after acquiring an additional 4,314 shares in the last quarter. 97.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on FN. JPMorgan Chase & Co. reduced their target price on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Zacks Research cut Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Northland Securities set a $800.00 target price on Fabrinet in a report on Monday, April 20th. Rosenblatt Securities boosted their target price on Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Finally, Barclays upped their price target on Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $661.75.

Insider Activity at Fabrinet

In related news, Director Homa Bahrami sold 2,500 shares of the company’s stock in a transaction on 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 owned 16,233 shares in the company, valued at $11,556,435.03. This represents a 13.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.24% of the stock is owned by insiders.

Fabrinet Price Performance

Shares of NYSE:FN opened at $494.20 on Tuesday. The company’s fifty day moving average price is $594.90 and its 200 day moving average price is $564.08. Fabrinet has a 12 month low of $272.49 and a 12 month high of $748.89. The firm has a market capitalization of $17.71 billion, a P/E ratio of 42.46 and a beta of 1.20.

Fabrinet (NYSE:FN) last posted its 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 business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The business’s revenue was up 39.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. On average, sell-side analysts anticipate that Fabrinet will post 12.97 EPS for the current year.

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.