Fabrinet $FN Stock Holdings Raised by Freemont Management S.A.

Freemont Management S.A. raised its stake in Fabrinet (NYSE:FN) by 2,116.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 26,600 shares of the technology company’s stock after acquiring an additional 25,400 shares during the period. Fabrinet makes up 2.1% of Freemont Management S.A.’s holdings, making the stock its 13th biggest holding. Freemont Management S.A.’s holdings in Fabrinet were worth $12,110,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Westend Capital Management LLC bought a new stake in shares of Fabrinet in the 4th quarter worth about $29,000. Root Financial Partners LLC bought a new stake in shares of Fabrinet in the 3rd quarter worth about $34,000. Rakuten Securities Inc. increased its position in shares of Fabrinet by 340.9% in the 4th quarter. Rakuten Securities Inc. now owns 97 shares of the technology company’s stock worth $44,000 after purchasing an additional 75 shares during the last quarter. USA Financial Formulas bought a new stake in shares of Fabrinet in the 4th quarter worth about $49,000. Finally, CI Investments Inc. increased its position in shares of Fabrinet by 40.6% in the 3rd quarter. CI Investments Inc. now owns 149 shares of the technology company’s stock worth $54,000 after purchasing an additional 43 shares during the last quarter. Institutional investors own 97.38% of the company’s stock.

Fabrinet Stock Up 9.8%

Shares of NYSE:FN opened at $696.54 on Thursday. Fabrinet has a fifty-two week low of $221.63 and a fifty-two week high of $734.79. The firm has a 50-day simple moving average of $599.64 and a 200 day simple moving average of $516.94. The company has a market cap of $24.96 billion, a PE ratio of 59.84 and a beta of 1.22.

Fabrinet (NYSE:FN) last posted its earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.14. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the business posted $2.52 EPS. Fabrinet’s revenue was up 39.3% on a year-over-year basis. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, research analysts forecast that Fabrinet will post 12.96 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wolfe Research raised shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price objective for the company in a research report on Wednesday, February 4th. Zacks Research raised shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Weiss Ratings raised shares of Fabrinet from a “hold (c+)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. lowered their price objective on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Finally, Susquehanna boosted their price objective on shares of Fabrinet from $550.00 to $570.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Fabrinet currently has an average rating of “Moderate Buy” and a consensus target price of $661.75.

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.