Premier Fund Managers Ltd Makes New $7.71 Million Investment in Fabrinet $FN

Premier Fund Managers Ltd purchased a new stake in Fabrinet (NYSE:FN) in the third quarter, according to its most recent filing with the SEC. The fund purchased 21,200 shares of the technology company’s stock, valued at approximately $7,708,000.

Several other institutional investors and hedge funds have also made changes to their positions in FN. Vanguard Group Inc. increased its stake in Fabrinet by 1.4% during the third quarter. Vanguard Group Inc. now owns 4,135,345 shares of the technology company’s stock valued at $1,507,829,000 after purchasing an additional 59,002 shares during the last quarter. Wasatch Advisors LP boosted 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 buying an additional 553,196 shares during the period. Geode Capital Management LLC grew its position in shares of Fabrinet by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,051,108 shares of the technology company’s stock valued at $309,771,000 after buying an additional 5,114 shares during the last quarter. Westfield Capital Management Co. LP raised its stake in Fabrinet by 102.8% during the second quarter. Westfield Capital Management Co. LP now owns 663,310 shares of the technology company’s stock worth $195,464,000 after acquiring an additional 336,173 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Fabrinet by 1.7% in the third quarter. JPMorgan Chase & Co. now owns 646,333 shares of the technology company’s stock worth $235,666,000 after acquiring an additional 10,621 shares during the last quarter. 97.38% of the stock is owned by institutional investors and hedge funds.

Fabrinet Price Performance

Shares of Fabrinet stock opened at $546.12 on Friday. Fabrinet has a 1-year low of $148.55 and a 1-year high of $557.60. The business’s fifty day moving average price is $477.24 and its two-hundred day moving average price is $422.01. The company has a market capitalization of $19.57 billion, a P/E ratio of 52.31 and a beta of 1.04.

Fabrinet (NYSE:FN) last released its quarterly earnings results on Monday, February 2nd. The technology company reported $3.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.26 by $0.10. Fabrinet had a return on equity of 18.69% and a net margin of 9.69%.The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the business posted $2.61 earnings per share. The company’s revenue for the quarter was up 35.9% compared to the same quarter last year. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. On average, research analysts expect that Fabrinet will post 9.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on FN. Northland Securities set a $600.00 target price on Fabrinet in a report on Monday, December 22nd. Susquehanna boosted their price objective on Fabrinet from $550.00 to $570.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. Barclays increased their target price on Fabrinet from $537.00 to $548.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. Weiss Ratings cut Fabrinet from a “buy (b)” rating to a “hold (c+)” rating in a research note on Friday, February 13th. Finally, Zacks Research upgraded shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $541.25.

Insider Buying and Selling at Fabrinet

In other Fabrinet news, Director Homa Bahrami sold 3,500 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $453.75, for a total transaction of $1,588,125.00. Following the transaction, the director owned 18,316 shares of the company’s stock, valued at approximately $8,310,885. This trade represents a 16.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas F. Kelly sold 2,200 shares of the business’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $464.14, for a total transaction of $1,021,108.00. Following the sale, the director owned 18,789 shares in the company, valued at $8,720,726.46. This trade represents a 10.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 28,151 shares of company stock valued at $12,643,707. Company insiders own 0.24% of the company’s stock.

About Fabrinet

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.