Fabrinet $FN Shares Acquired by M&T Bank Corp

M&T Bank Corp lifted its position in shares of Fabrinet (NYSE:FN) by 130.3% during the fourth quarter, HoldingsChannel reports. The fund owned 1,822 shares of the technology company’s stock after acquiring an additional 1,031 shares during the quarter. M&T Bank Corp’s holdings in Fabrinet were worth $829,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Westend Capital Management LLC acquired a new position in shares of Fabrinet during the fourth quarter worth about $29,000. Root Financial Partners LLC acquired a new position in shares of Fabrinet during the third quarter worth about $34,000. Rakuten Securities Inc. increased its stake in shares of Fabrinet by 340.9% during the fourth quarter. Rakuten Securities Inc. now owns 97 shares of the technology company’s stock worth $44,000 after acquiring an additional 75 shares during the period. USA Financial Formulas acquired a new position in shares of Fabrinet during the fourth quarter worth about $49,000. Finally, CI Investments Inc. increased its stake in shares of Fabrinet by 40.6% during the third quarter. CI Investments Inc. now owns 149 shares of the technology company’s stock worth $54,000 after acquiring an additional 43 shares during the period. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FN has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $800.00 price target on shares of Fabrinet in a research note on Tuesday, May 5th. Wolfe Research upgraded shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price target on the stock in a research note on Wednesday, February 4th. B. Riley Financial boosted their price objective on shares of Fabrinet from $366.00 to $452.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. Zacks Research raised shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Finally, Barclays boosted their price objective on shares of Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating 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 assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $661.75.

Fabrinet Trading Down 0.1%

FN stock opened at $620.70 on Monday. The company has a market cap of $22.24 billion, a P/E ratio of 53.32 and a beta of 1.22. Fabrinet has a 52 week low of $199.86 and a 52 week high of $734.79. The company’s 50-day moving average price is $593.72 and its 200 day moving average price is $510.15.

Fabrinet (NYSE:FN) last released its quarterly earnings data 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 firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The firm’s revenue was up 39.3% on a year-over-year basis. 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, equities research analysts expect that Fabrinet will post 12.96 earnings per share for the current year.

Fabrinet News Roundup

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Northland Securities lifted its earnings forecasts for Fabrinet, including higher FY2027 and Q4 2027 EPS estimates, suggesting improving profit expectations. Northland Securities EPS estimate updates
• Positive Sentiment: Zacks Research upgraded Fabrinet from hold to strong-buy, reinforcing bullish analyst sentiment on the stock. Zacks upgrade
• Positive Sentiment: Another recent note described Fabrinet as a technology name analysts are bullish on, adding to the constructive outlook. Analysts are bullish on Fabrinet
• Neutral Sentiment: Fabrinet also appeared in a comparison article on how it has performed versus the broader computer and technology sector this year, which is informational rather than a direct catalyst. Sector performance comparison
• Negative Sentiment: A separate report from JPMorgan Chase & Co. was described as pessimistic on Fabrinet’s stock price, which may be tempering some of the upside from the analyst upgrades. JPMorgan pessimistic forecast

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.