Paradigm Capital Management Inc. NY Takes Position in Fabrinet $FN

Paradigm Capital Management Inc. NY purchased a new position in shares of Fabrinet (NYSE:FN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 530,500 shares of the technology company’s stock, valued at approximately $298,183,000. Fabrinet accounts for 8.1% of Paradigm Capital Management Inc. NY’s portfolio, making the stock its 4th biggest holding. Paradigm Capital Management Inc. NY owned 1.48% of Fabrinet at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC acquired a new position in shares of Fabrinet during the 1st quarter worth $203,000. Empowered Funds LLC purchased a new position in Fabrinet during the first quarter worth $2,331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Fabrinet by 4.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,444 shares of the technology company’s stock worth $15,691,000 after acquiring an additional 3,717 shares during the last quarter. M&T Bank Corp acquired a new position in shares of Fabrinet in the second quarter worth $214,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Fabrinet by 574.7% in the second quarter. EverSource Wealth Advisors LLC now owns 533 shares of the technology company’s stock valued at $157,000 after acquiring an additional 454 shares in the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on FN. Zacks Research lowered Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Weiss Ratings lowered shares of Fabrinet from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 12th. Wall Street Zen cut shares of Fabrinet from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Needham & Company LLC reiterated a “buy” rating and set a $650.00 price target on shares of Fabrinet in a report on Tuesday, August 18th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $750.00 price target on shares of Fabrinet in a report on Tuesday, August 18th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Fabrinet currently has an average rating of “Moderate Buy” and an average price target of $649.50.

Fabrinet Trading Down 3.5%

NYSE FN opened at $421.19 on Tuesday. The business’s 50-day moving average price is $511.39 and its 200 day moving average price is $567.99. Fabrinet has a twelve month low of $303.10 and a twelve month high of $748.89. The company has a market capitalization of $15.09 billion, a PE ratio of 32.27 and a beta of 1.23.

Fabrinet (NYSE:FN) last posted its quarterly earnings data on Monday, August 17th. The technology company reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.81 by $0.29. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.28 billion. Fabrinet had a net margin of 10.19% and a return on equity of 21.23%. The company’s quarterly revenue was up 44.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.65 EPS. Fabrinet has set its Q1 2027 guidance at 4.100-4.250 EPS. Equities analysts predict that Fabrinet will post 16.46 EPS for the current 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.