Fox Run Management L.L.C. Buys New Position in Fabrinet $FN

Fox Run Management L.L.C. bought a new position in shares of Fabrinet (NYSE:FN) during the third quarter, HoldingsChannel reports. The institutional investor bought 3,129 shares of the technology company’s stock, valued at approximately $1,141,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Root Financial Partners LLC bought a new stake in shares of Fabrinet in the 3rd quarter worth approximately $34,000. Elevation Point Wealth Partners LLC bought a new stake in Fabrinet during the second quarter worth approximately $35,000. First Horizon Advisors Inc. grew its position in Fabrinet by 124.2% in the second quarter. First Horizon Advisors Inc. now owns 139 shares of the technology company’s stock worth $41,000 after buying an additional 77 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Fabrinet by 33.6% in the second quarter. Bessemer Group Inc. now owns 171 shares of the technology company’s stock valued at $50,000 after buying an additional 43 shares in the last quarter. Finally, Cullen Frost Bankers Inc. lifted its position in shares of Fabrinet by 20.4% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 171 shares of the technology company’s stock valued at $62,000 after acquiring an additional 29 shares during the last quarter. 97.38% of the stock is currently owned by institutional investors.

Fabrinet Trading Up 5.2%

NYSE:FN opened at $616.22 on Thursday. The business’s fifty day moving average price is $485.88 and its 200 day moving average price is $427.38. The firm has a market capitalization of $22.08 billion, a price-to-earnings ratio of 59.03 and a beta of 1.04. Fabrinet has a 1-year low of $148.55 and a 1-year high of $632.99.

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

Insider Activity at Fabrinet

In related news, Director Homa Bahrami sold 3,500 shares of the business’s stock in a transaction that occurred on 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 directly owned 18,316 shares of the company’s stock, valued at approximately $8,310,885. The trade was a 16.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas F. Kelly sold 2,200 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $464.14, for a total transaction of $1,021,108.00. Following the completion of the transaction, the director owned 18,789 shares in the company, valued at approximately $8,720,726.46. This represents a 10.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. B. Riley Financial raised their price objective on Fabrinet from $366.00 to $452.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. Rosenblatt Securities reissued a “buy” rating and issued a $550.00 price target on shares of Fabrinet in a research note on Tuesday, February 3rd. Barclays boosted their price objective on Fabrinet from $537.00 to $548.00 and gave the stock an “overweight” rating in a report on Tuesday, February 3rd. Finally, Weiss Ratings lowered shares of Fabrinet from a “buy (b)” rating to a “hold (c+)” rating in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Fabrinet presently has a consensus rating of “Moderate Buy” and a consensus price target of $541.25.

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.