Vanguard Group Inc. Purchases 59,002 Shares of Fabrinet $FN

Vanguard Group Inc. lifted its position in Fabrinet (NYSE:FN) by 1.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,135,345 shares of the technology company’s stock after purchasing an additional 59,002 shares during the quarter. Vanguard Group Inc. owned about 11.54% of Fabrinet worth $1,507,829,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Root Financial Partners LLC purchased a new position in Fabrinet during the third quarter worth about $34,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Fabrinet during the 2nd quarter valued at about $35,000. First Horizon Advisors Inc. grew its holdings in shares of Fabrinet by 124.2% during the second quarter. First Horizon Advisors Inc. now owns 139 shares of the technology company’s stock worth $41,000 after purchasing an additional 77 shares in the last quarter. Cullen Frost Bankers Inc. grew its holdings in shares of Fabrinet by 118.5% during the second quarter. Cullen Frost Bankers Inc. now owns 142 shares of the technology company’s stock worth $42,000 after purchasing an additional 77 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Fabrinet by 33.6% in the second quarter. Bessemer Group Inc. now owns 171 shares of the technology company’s stock worth $50,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Wall Street Analysts Forecast Growth

FN has been the subject of several research analyst reports. Zacks Research upgraded shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. Wolfe Research upgraded shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price objective on the stock in a research report on Wednesday, February 4th. Northland Securities set a $600.00 price objective on shares of Fabrinet in a report on Monday, December 22nd. B. Riley Financial increased their target price on Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Finally, Susquehanna increased their target price on Fabrinet from $550.00 to $570.00 and gave the company a “positive” rating in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $541.25.

Fabrinet Stock Performance

Shares of Fabrinet stock opened at $546.12 on Friday. Fabrinet has a 52-week low of $148.55 and a 52-week high of $557.60. The company has a fifty day moving average of $477.24 and a 200-day moving average of $421.36. The stock has a market capitalization of $19.57 billion, a price-to-earnings ratio of 52.31 and a beta of 1.04.

Fabrinet (NYSE:FN) last posted its quarterly earnings results on Monday, February 2nd. The technology company reported $3.36 earnings per share for the quarter, topping the consensus estimate of $3.26 by $0.10. Fabrinet had a net margin of 9.69% and a return on equity of 18.69%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the firm posted $2.61 earnings per share. The firm’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, equities research analysts forecast that Fabrinet will post 9.4 earnings per share for the current fiscal year.

Insider Activity

In other Fabrinet news, Director Homa Bahrami sold 3,500 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $453.75, for a total value of $1,588,125.00. Following the transaction, the director owned 18,316 shares in the company, valued at approximately $8,310,885. The trade was a 16.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas F. Kelly sold 2,200 shares of the company’s stock in a transaction dated 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 transaction, the director directly owned 18,789 shares of the company’s stock, valued at approximately $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. Over the last 90 days, insiders sold 28,151 shares of company stock valued at $12,643,707. 0.24% of the stock is currently owned by company insiders.

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.