Rokos Capital Management LLP Invests $31.75 Million in Fabrinet $FN

Rokos Capital Management LLP bought a new stake in Fabrinet (NYSE:FN) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 60,897 shares of the technology company’s stock, valued at approximately $31,753,000.

Several other hedge funds have also bought and sold shares of the business. Swedbank AB purchased a new stake in Fabrinet in the 4th quarter worth about $5,372,000. M&T Bank Corp boosted its stake in Fabrinet by 196.5% in the fourth quarter. M&T Bank Corp now owns 2,345 shares of the technology company’s stock worth $1,068,000 after buying an additional 1,554 shares in the last quarter. JSF Financial LLC bought a new position in Fabrinet during the fourth quarter valued at approximately $957,000. Sei Investments Co. boosted its position in shares of Fabrinet by 22.0% during the first quarter. Sei Investments Co. now owns 89,843 shares of the technology company’s stock valued at $46,854,000 after purchasing an additional 16,218 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in Fabrinet by 4.0% in the fourth quarter. Principal Financial Group Inc. now owns 187,883 shares of the technology company’s stock worth $85,539,000 after purchasing an additional 7,233 shares during the period. Institutional investors and hedge funds own 97.38% of the company’s stock.

Fabrinet Price Performance

Shares of FN stock opened at $471.75 on Tuesday. The business has a fifty day moving average of $575.08 and a 200 day moving average of $565.35. Fabrinet has a 1 year low of $272.49 and a 1 year high of $748.89. The firm has a market capitalization of $16.90 billion, a price-to-earnings ratio of 40.53 and a beta of 1.20.

Fabrinet (NYSE:FN) last released its earnings results on Monday, May 4th. The technology company reported $3.72 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 business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the previous year, the company earned $2.52 earnings per share. The company’s quarterly 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, equities research analysts expect that Fabrinet will post 12.97 earnings per share for the current year.

Analysts Set New Price Targets

FN has been the topic of a number of recent research reports. Barclays increased their target price on Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Wall Street Zen cut Fabrinet from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Zacks Research lowered Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Needham & Company LLC dropped their target price on Fabrinet from $800.00 to $650.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Finally, Northland Securities set a $800.00 target price on Fabrinet in a research report on Monday, April 20th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $643.00.

Insider Buying and Selling

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of the business’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 transaction of $1,779,775.00. Following the completion of the sale, the director directly owned 16,233 shares in the company, valued at approximately $11,556,435.03. The trade was a 13.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.24% of the company’s stock.

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.