Quantitative Investment Management LLC Purchases Shares of 3,319 Fabrinet $FN

Quantitative Investment Management LLC purchased a new position in shares of Fabrinet (NYSE:FN) during the second quarter, HoldingsChannel reports. The firm purchased 3,319 shares of the technology company’s stock, valued at approximately $1,865,000.

Several other institutional investors also recently modified their holdings of FN. Price T Rowe Associates Inc. MD increased its holdings in Fabrinet by 163.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,041,227 shares of the technology company’s stock valued at $1,839,891,000 after purchasing an additional 2,504,841 shares during the period. Wasatch Advisors LP lifted its holdings in Fabrinet by 45.1% during the 2nd quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock worth $524,432,000 after buying an additional 553,196 shares during the period. Geode Capital Management LLC grew its position in shares of Fabrinet by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 1,108,813 shares of the technology company’s stock valued at $504,886,000 after buying an additional 50,708 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Fabrinet by 64.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,065,414 shares of the technology company’s stock valued at $485,063,000 after buying an additional 419,081 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Fabrinet by 33.3% in the third quarter. Invesco Ltd. now owns 681,850 shares of the technology company’s stock valued at $248,616,000 after buying an additional 170,297 shares during the period. Institutional investors own 97.38% of the company’s stock.

Fabrinet Trading Down 0.4%

Shares of Fabrinet stock opened at $412.64 on Tuesday. The business has a 50-day moving average price of $495.12 and a two-hundred day moving average price of $566.50. Fabrinet has a 1-year low of $313.00 and a 1-year high of $748.89. The company has a market cap of $14.78 billion, a P/E ratio of 31.62 and a beta of 1.23.

Fabrinet (NYSE:FN) last announced its quarterly earnings data on Monday, August 17th. The technology company reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.81 by $0.29. Fabrinet had a return on equity of 21.23% and a net margin of 10.19%.The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the business earned $2.65 EPS. The firm’s revenue was up 44.6% compared to the same quarter last year. Fabrinet has set its Q1 2027 guidance at 4.100-4.250 EPS. Equities research analysts forecast that Fabrinet will post 17.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Needham & Company LLC restated a “buy” rating and set a $650.00 price objective on shares of Fabrinet in a research report on Tuesday, August 18th. Rosenblatt Securities reiterated a “buy” rating and issued a $750.00 target price on shares of Fabrinet in a report on Tuesday, August 18th. Zacks Research downgraded shares of Fabrinet from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Barclays raised their price target on shares of Fabrinet from $702.00 to $739.00 and gave the stock an “overweight” rating in a report on Tuesday, August 18th. Finally, Wall Street Zen downgraded shares of Fabrinet from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $649.50.

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.