5,100 Shares in Fabrinet $FN Bought by HighVista Strategies LLC

HighVista Strategies LLC acquired a new stake in shares of Fabrinet (NYSE:FN) during the 3rd quarter, HoldingsChannel reports. The firm acquired 5,100 shares of the technology company’s stock, valued at approximately $1,860,000.

A number of other hedge funds have also recently bought and sold shares of the company. Root Financial Partners LLC purchased a new stake in shares of Fabrinet in the third quarter valued at about $34,000. Elevation Point Wealth Partners LLC bought a new position in shares of Fabrinet during the 2nd quarter worth approximately $35,000. MAI Capital Management boosted its stake in shares of Fabrinet by 86.7% in the 2nd quarter. MAI Capital Management now owns 183 shares of the technology company’s stock worth $54,000 after buying an additional 85 shares during the last quarter. CI Investments Inc. lifted its holdings in Fabrinet by 40.6% during the third quarter. CI Investments Inc. now owns 149 shares of the technology company’s stock worth $54,000 after acquiring an additional 43 shares during the period. Finally, Cullen Frost Bankers Inc. boosted its position in Fabrinet by 20.4% in the third quarter. Cullen Frost Bankers Inc. now owns 171 shares of the technology company’s stock worth $62,000 after purchasing an additional 29 shares during the last quarter. 97.38% of the stock is owned by hedge funds and other institutional investors.

Fabrinet Stock Performance

NYSE:FN opened at $502.17 on Monday. The business’s fifty day moving average is $501.54 and its 200 day moving average is $446.89. Fabrinet has a 52-week low of $148.55 and a 52-week high of $632.99. The firm has a market cap of $17.99 billion, a price-to-earnings ratio of 48.10 and a beta of 1.01.

Fabrinet (NYSE:FN) last issued its quarterly earnings data on Monday, February 2nd. The technology company reported $3.36 EPS for the quarter, beating 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 company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the company earned $2.61 earnings per share. Fabrinet’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. Equities analysts predict that Fabrinet will post 9.4 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Barclays raised their target price on Fabrinet from $537.00 to $548.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. B. Riley Financial raised their price target on shares of Fabrinet from $366.00 to $452.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Northland Securities set a $600.00 price objective on Fabrinet in a research note on Monday, December 22nd. Wolfe Research raised Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price target on the stock in a research report on Wednesday, February 4th. Finally, Weiss Ratings lowered shares of Fabrinet from a “buy (b)” rating to a “hold (c+)” rating in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $541.25.

Fabrinet Company 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.