K.J. Harrison & Partners Inc Makes New Investment in Fabrinet $FN

K.J. Harrison & Partners Inc bought a new stake in Fabrinet (NYSE:FN) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,000 shares of the technology company’s stock, valued at approximately $1,478,000.

Other large investors also recently modified their holdings of the company. Root Financial Partners LLC purchased a new position in Fabrinet in the third quarter valued at approximately $34,000. Elevation Point Wealth Partners LLC purchased a new stake in Fabrinet in the second quarter worth $35,000. First Horizon Advisors Inc. raised its stake in shares of Fabrinet by 124.2% in the second quarter. First Horizon Advisors Inc. now owns 139 shares of the technology company’s stock valued at $41,000 after buying an additional 77 shares during the period. Bessemer Group Inc. lifted its position in shares of Fabrinet by 33.6% during the 2nd quarter. Bessemer Group Inc. now owns 171 shares of the technology company’s stock valued at $50,000 after buying an additional 43 shares during the last quarter. Finally, MAI Capital Management lifted its position in shares of Fabrinet by 86.7% during the 2nd quarter. MAI Capital Management now owns 183 shares of the technology company’s stock valued at $54,000 after buying an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Insider Activity

In other news, Director Thomas F. Kelly sold 2,200 shares of Fabrinet 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 completion of the sale, the director owned 18,789 shares in the company, valued at approximately $8,720,726.46. This trade represents a 10.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Homa Bahrami sold 3,500 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $453.75, for a total value of $1,588,125.00. Following the transaction, the director directly owned 18,316 shares of the company’s stock, valued at $8,310,885. The trade was a 16.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.24% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on FN shares. 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 research note on Wednesday, February 4th. Zacks Research upgraded shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. B. Riley Financial upped their price target on shares of Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Barclays raised their price objective on shares of Fabrinet from $537.00 to $548.00 and gave the stock an “overweight” rating in a report on Tuesday, February 3rd. Finally, Northland Securities set a $600.00 target price on shares of Fabrinet in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Fabrinet has an average rating of “Moderate Buy” and a consensus price target of $541.25.

Fabrinet Price Performance

NYSE FN opened at $616.22 on Thursday. The company’s 50 day simple moving average is $485.88 and its two-hundred day simple moving average is $427.38. Fabrinet has a 1 year low of $148.55 and a 1 year high of $632.99. The stock has a market capitalization of $22.08 billion, a PE ratio of 59.03 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 EPS for the quarter, beating analysts’ consensus estimates of $3.26 by $0.10. Fabrinet had a net margin of 9.69% and a return on equity of 18.69%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the business earned $2.61 EPS. The business’s revenue for the quarter was up 35.9% on a year-over-year basis. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. On average, research analysts anticipate that Fabrinet will post 9.4 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.