Williamson Legacy Group LLC Makes New $837,000 Investment in Fabrinet $FN

Williamson Legacy Group LLC acquired a new stake in Fabrinet (NYSE:FN) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,838 shares of the technology company’s stock, valued at approximately $837,000.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Fabrinet by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 4,135,345 shares of the technology company’s stock valued at $1,507,829,000 after acquiring an additional 59,002 shares during the last quarter. Wasatch Advisors LP increased its holdings in shares of Fabrinet by 45.1% in the 2nd quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock valued at $524,432,000 after acquiring an additional 553,196 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Fabrinet by 33.3% in the 3rd quarter. Invesco Ltd. now owns 681,850 shares of the technology company’s stock valued at $248,616,000 after acquiring an additional 170,297 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Fabrinet by 1.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 646,333 shares of the technology company’s stock valued at $235,666,000 after acquiring an additional 10,621 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of Fabrinet by 226.1% in the 3rd quarter. Alliancebernstein L.P. now owns 499,177 shares of the technology company’s stock valued at $182,010,000 after acquiring an additional 346,113 shares during the last quarter. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Insider Buying and Selling at Fabrinet

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of Fabrinet stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $711.91, for a total value of $1,779,775.00. Following the transaction, the director directly owned 16,233 shares in the company, valued at approximately $11,556,435.03. This trade represents a 13.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Wolfe Research upgraded Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price objective on the stock in a report on Wednesday, February 4th. Barclays increased their price objective on Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Rosenblatt Securities increased their price objective on Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Finally, B. Riley Financial increased their price objective on Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $661.75.

Fabrinet Stock Down 3.2%

NYSE:FN opened at $681.52 on Wednesday. The stock’s 50 day moving average price is $630.36 and its 200 day moving average price is $533.16. The company has a market capitalization of $24.42 billion, a PE ratio of 58.55 and a beta of 1.22. Fabrinet has a 52-week low of $224.66 and a 52-week high of $748.89.

Fabrinet (NYSE:FN) last released its quarterly earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share (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 return on equity of 19.83% and a net margin of 9.94%.The firm’s quarterly revenue was up 39.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, sell-side analysts anticipate that Fabrinet will post 12.96 EPS for the current fiscal 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.