Westfield Capital Management Co. LP Has $195.46 Million Stock Holdings in Fabrinet $FN

Westfield Capital Management Co. LP boosted its holdings in shares of Fabrinet (NYSE:FN) by 102.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 663,310 shares of the technology company’s stock after purchasing an additional 336,173 shares during the period. Fabrinet comprises 0.8% of Westfield Capital Management Co. LP’s portfolio, making the stock its 27th biggest holding. Westfield Capital Management Co. LP owned about 1.85% of Fabrinet worth $195,464,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Artisan Partners Limited Partnership boosted its stake in Fabrinet by 2.4% in the 2nd quarter. Artisan Partners Limited Partnership now owns 338,263 shares of the technology company’s stock valued at $99,679,000 after buying an additional 8,026 shares in the last quarter. Neumeier Poma Investment Counsel LLC lifted its holdings in shares of Fabrinet by 33.0% during the second quarter. Neumeier Poma Investment Counsel LLC now owns 133,420 shares of the technology company’s stock valued at $39,316,000 after acquiring an additional 33,117 shares during the period. Pinnacle Wealth Planning Services Inc. acquired a new stake in shares of Fabrinet in the 2nd quarter valued at $235,000. Intrust Bank NA bought a new stake in shares of Fabrinet in the 2nd quarter worth about $271,000. Finally, Creative Planning lifted its holdings in Fabrinet by 22.1% during the 2nd quarter. Creative Planning now owns 19,998 shares of the technology company’s stock valued at $5,893,000 after purchasing an additional 3,616 shares during the last quarter. 97.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Northland Securities set a $550.00 price objective on shares of Fabrinet in a research note on Tuesday, November 4th. Weiss Ratings reissued a “buy (b-)” rating on shares of Fabrinet in a research note on Wednesday, October 8th. Barclays raised their target price on Fabrinet from $329.00 to $499.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 5th. JPMorgan Chase & Co. lifted their price target on Fabrinet from $430.00 to $530.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Finally, Zacks Research upgraded shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Fabrinet currently has an average rating of “Moderate Buy” and a consensus price target of $451.29.

Fabrinet Trading Up 2.0%

Fabrinet stock opened at $417.23 on Thursday. The company has a market cap of $14.95 billion, a PE ratio of 42.97 and a beta of 1.05. Fabrinet has a 1 year low of $148.55 and a 1 year high of $498.00. The company’s 50-day moving average is $401.20 and its two-hundred day moving average is $325.37.

Fabrinet (NYSE:FN) last posted its quarterly earnings results on Monday, November 3rd. The technology company reported $2.92 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.09. Fabrinet had a net margin of 9.77% and a return on equity of 18.16%. The business had revenue of $978.13 million during the quarter, compared to the consensus estimate of $935.04 million. During the same period in the previous year, the firm posted $2.39 earnings per share. Fabrinet’s revenue for the quarter was up 21.6% compared to the same quarter last year. Fabrinet has set its Q2 2026 guidance at 3.150-3.300 EPS. Research analysts forecast that Fabrinet will post 9.4 EPS for the current year.

Insider Buying and Selling at Fabrinet

In related news, EVP Edward T. Archer sold 3,333 shares of Fabrinet stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $354.48, for a total transaction of $1,181,481.84. Following the completion of the sale, the executive vice president directly owned 6,644 shares of the company’s stock, valued at $2,355,165.12. The trade was a 33.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Seamus Grady sold 9,513 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $329.52, for a total value of $3,134,723.76. Following the transaction, the chief executive officer owned 46,024 shares in the company, valued at approximately $15,165,828.48. This trade represents a 17.13% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 27,049 shares of company stock worth $9,360,401. Insiders own 0.24% of the company’s stock.

Fabrinet Company Profile

Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing.