Fabrinet $FN Shares Purchased by William Blair Investment Management LLC

William Blair Investment Management LLC raised its holdings in Fabrinet (NYSE:FN) by 154.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 226,677 shares of the technology company’s stock after acquiring an additional 137,622 shares during the quarter. William Blair Investment Management LLC owned 0.63% of Fabrinet worth $82,651,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in FN. Cullen Frost Bankers Inc. lifted its stake in shares of Fabrinet by 20.4% in the third quarter. Cullen Frost Bankers Inc. now owns 171 shares of the technology company’s stock valued at $62,000 after purchasing an additional 29 shares during the period. Coldstream Capital Management Inc. increased its holdings in Fabrinet by 3.2% in the second quarter. Coldstream Capital Management Inc. now owns 998 shares of the technology company’s stock valued at $294,000 after buying an additional 31 shares in the last quarter. Evergreen Capital Management LLC lifted its position in shares of Fabrinet by 1.0% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,032 shares of the technology company’s stock valued at $893,000 after acquiring an additional 31 shares during the period. Stephens Inc. AR lifted its position in shares of Fabrinet by 4.4% during the 3rd quarter. Stephens Inc. AR now owns 782 shares of the technology company’s stock valued at $285,000 after acquiring an additional 33 shares during the period. Finally, Profund Advisors LLC boosted its stake in shares of Fabrinet by 2.2% during the 3rd quarter. Profund Advisors LLC now owns 1,505 shares of the technology company’s stock worth $549,000 after acquiring an additional 33 shares in the last quarter. 97.38% of the stock is owned by institutional investors and hedge funds.

Fabrinet Trading Down 2.9%

Shares of FN stock opened at $546.15 on Monday. The company has a market capitalization of $19.57 billion, a price-to-earnings ratio of 52.31 and a beta of 1.01. The firm has a 50-day moving average price of $489.44 and a 200 day moving average price of $431.00. Fabrinet has a twelve month low of $148.55 and a twelve month high of $632.99.

Fabrinet (NYSE:FN) last posted its quarterly earnings data on Monday, February 2nd. The technology company reported $3.36 earnings per share for the quarter, beating analysts’ consensus estimates of $3.26 by $0.10. Fabrinet had a net margin of 9.69% and a return on equity of 18.69%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the business posted $2.61 earnings per share. The company’s revenue was up 35.9% on a year-over-year basis. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. As a group, research analysts predict that Fabrinet will post 9.4 earnings per share for the current year.

Insider Buying and Selling at Fabrinet

In other news, Director Thomas F. Kelly sold 2,200 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $464.14, for a total transaction of $1,021,108.00. Following the sale, the director owned 18,789 shares in the company, valued at $8,720,726.46. This trade represents a 10.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.24% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

FN has been the subject of several research analyst reports. Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Wolfe Research raised Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 target price on the stock in a report on Wednesday, February 4th. Barclays raised their price target on Fabrinet from $537.00 to $548.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. boosted their price objective on shares of Fabrinet from $430.00 to $530.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 4th. Finally, B. Riley Financial raised their target price on shares of Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $541.25.

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.