Westfield Capital Management Co. LP Has $59.43 Million Holdings in Fabrinet $FN

Westfield Capital Management Co. LP lessened its position in Fabrinet (NYSE:FN) by 75.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 163,002 shares of the technology company’s stock after selling 500,308 shares during the quarter. Westfield Capital Management Co. LP owned about 0.45% of Fabrinet worth $59,434,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wasatch Advisors LP increased its stake in shares of Fabrinet by 45.1% in the second quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock worth $524,432,000 after purchasing an additional 553,196 shares during the period. Norges Bank acquired a new position in shares of Fabrinet during the second quarter worth approximately $124,046,000. Invesco Ltd. boosted its position in shares of Fabrinet by 446.6% in the second quarter. Invesco Ltd. now owns 511,553 shares of the technology company’s stock valued at $150,744,000 after acquiring an additional 417,959 shares during the period. Epoch Investment Partners Inc. boosted its position in shares of Fabrinet by 34.1% in the second quarter. Epoch Investment Partners Inc. now owns 522,027 shares of the technology company’s stock valued at $153,831,000 after acquiring an additional 132,780 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Fabrinet by 1.4% in the third quarter. Vanguard Group Inc. now owns 4,135,345 shares of the technology company’s stock worth $1,507,829,000 after acquiring an additional 59,002 shares during the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.

Analyst Upgrades and Downgrades

FN has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their target price on shares of Fabrinet from $430.00 to $530.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. Zacks Research raised shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. B. Riley Financial increased their target price on shares of Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Northland Securities set a $600.00 target price on Fabrinet in a research report on Monday, December 22nd. Finally, Wolfe Research upgraded Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price target on the stock in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Fabrinet presently has a consensus rating of “Moderate Buy” and an average target price of $541.25.

Fabrinet Stock Down 9.0%

Shares of FN opened at $560.49 on Friday. The company has a 50-day moving average price of $488.04 and a two-hundred day moving average price of $428.30. The stock has a market cap of $20.08 billion, a price-to-earnings ratio of 53.69 and a beta of 1.04. Fabrinet has a 12 month low of $148.55 and a 12 month high of $632.99.

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

Insiders Place Their Bets

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