Bowen Hanes & Co. Inc. Increases Stock Holdings in Fabrinet $FN

Bowen Hanes & Co. Inc. grew its position in shares of Fabrinet (NYSE:FN) by 97.4% during the first quarter, Holdings Channel.com reports. The fund owned 98,715 shares of the technology company’s stock after purchasing an additional 48,715 shares during the quarter. Bowen Hanes & Co. Inc.’s holdings in Fabrinet were worth $51,482,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in FN. Core Wealth Advisors LLC purchased a new stake in shares of Fabrinet in the fourth quarter valued at about $25,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Fabrinet during the 1st quarter worth approximately $31,000. Westend Capital Management LLC purchased a new position in shares of Fabrinet in the 4th quarter worth approximately $29,000. Harbour Investments Inc. increased its position in shares of Fabrinet by 75.0% during the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after acquiring an additional 27 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV bought a new stake in Fabrinet during the fourth quarter worth $32,000. Institutional investors own 97.38% of the company’s stock.

Fabrinet Price Performance

Shares of NYSE FN opened at $516.70 on Friday. The stock has a market capitalization of $18.51 billion, a PE ratio of 44.39 and a beta of 1.20. Fabrinet has a one year low of $272.49 and a one year high of $748.89. The business’s fifty day moving average price is $584.60 and its 200-day moving average price is $565.27.

Fabrinet (NYSE:FN) last announced its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.14. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The firm’s quarterly revenue was up 39.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, equities analysts expect that Fabrinet will post 12.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FN has been the subject of a number of recent analyst reports. Zacks Research downgraded Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. JPMorgan Chase & Co. reduced their price target on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Weiss Ratings downgraded shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 30th. Needham & Company LLC dropped their target price on shares of Fabrinet from $800.00 to $650.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Rosenblatt Securities increased their target price on shares of Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $643.00.

Insider Activity

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $711.91, for a total transaction of $1,779,775.00. Following the sale, the director owned 16,233 shares of the company’s stock, valued at $11,556,435.03. The trade was a 13.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.24% of the stock is currently owned by company insiders.

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.