Fabrinet $FN Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its stake in shares of Fabrinet (NYSE:FN) by 144.3% during the first quarter, HoldingsChannel reports. The fund owned 4,684 shares of the technology company’s stock after acquiring an additional 2,767 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Fabrinet were worth $2,443,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Core Wealth Advisors LLC bought a new stake in shares of Fabrinet in the 4th quarter worth about $25,000. Westend Capital Management LLC acquired a new stake in shares of Fabrinet in the 4th quarter valued at about $29,000. Harbour Investments Inc. lifted 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 worth $29,000 after purchasing an additional 27 shares during the last quarter. Creative Financial Designs Inc. ADV bought a new position in shares of Fabrinet during the fourth quarter worth about $32,000. Finally, Quarry LP grew its stake in Fabrinet by 300.0% in the fourth quarter. Quarry LP now owns 72 shares of the technology company’s stock worth $33,000 after purchasing an additional 54 shares in the last quarter. 97.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fabrinet

In related news, Director Homa Bahrami sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $711.91, for a total value of $1,779,775.00. Following the sale, the director owned 16,233 shares of the company’s stock, valued at approximately $11,556,435.03. This trade represents a 13.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.24% of the company’s stock.

Fabrinet Stock Up 2.5%

Shares of NYSE:FN opened at $480.39 on Thursday. The company has a market cap of $17.21 billion, a PE ratio of 41.27 and a beta of 1.20. Fabrinet has a fifty-two week low of $272.49 and a fifty-two week high of $748.89. The firm has a 50-day simple moving average of $622.28 and a 200 day simple moving average of $564.08.

Fabrinet (NYSE:FN) last issued its earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.58 by $0.14. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the company posted $2.52 earnings per share. Fabrinet’s revenue was up 39.3% on a year-over-year basis. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, research analysts forecast that Fabrinet will post 12.96 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on FN. Barclays boosted their price objective on Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Rosenblatt Securities lifted their target price on Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Zacks Research downgraded Fabrinet from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Weiss Ratings lowered Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 30th. Finally, Needham & Company LLC restated a “buy” rating and set a $800.00 price objective on shares of Fabrinet in a research note on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $661.75.

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.