Vanguard Group Inc. Grows Stake in Fabrinet $FN

Vanguard Group Inc. grew its holdings in shares of Fabrinet (NYSE:FN) by 1.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,135,345 shares of the technology company’s stock after acquiring an additional 59,002 shares during the quarter. Vanguard Group Inc. owned about 0.12% of Fabrinet worth $1,507,829,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wasatch Advisors LP boosted its holdings in Fabrinet by 45.1% in the second quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock valued at $524,432,000 after acquiring an additional 553,196 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Fabrinet by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,051,108 shares of the technology company’s stock worth $309,771,000 after purchasing an additional 5,114 shares during the period. Westfield Capital Management Co. LP lifted its position in shares of Fabrinet by 102.8% in the 2nd quarter. Westfield Capital Management Co. LP now owns 663,310 shares of the technology company’s stock worth $195,464,000 after purchasing an additional 336,173 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Fabrinet by 1.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 646,333 shares of the technology company’s stock valued at $235,666,000 after purchasing an additional 10,621 shares in the last quarter. Finally, Epoch Investment Partners Inc. increased its position in shares of Fabrinet by 34.1% during the second quarter. Epoch Investment Partners Inc. now owns 522,027 shares of the technology company’s stock valued at $153,831,000 after buying an additional 132,780 shares during the period. Institutional investors own 97.38% of the company’s stock.

Fabrinet Price Performance

Shares of NYSE:FN opened at $546.12 on Friday. The business has a fifty day moving average price of $477.24 and a 200-day moving average price of $421.36. The company has a market capitalization of $19.57 billion, a PE ratio of 52.31 and a beta of 1.04. Fabrinet has a 1-year low of $148.55 and a 1-year high of $557.60.

Fabrinet (NYSE:FN) last announced 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. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.08 billion. Fabrinet had a net margin of 9.69% and a return on equity of 18.69%. Fabrinet’s revenue for the quarter was up 35.9% on a year-over-year basis. 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. On average, sell-side analysts anticipate that Fabrinet will post 9.4 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Seamus Grady sold 22,451 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $446.95, for a total transaction of $10,034,474.45. Following the completion of the sale, the chief executive officer owned 23,573 shares of the company’s stock, valued at $10,535,952.35. This trade represents a 48.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas F. Kelly sold 2,200 shares of the business’s stock in a transaction that occurred on 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 transaction, the director owned 18,789 shares of the company’s stock, valued at approximately $8,720,726.46. The trade was a 10.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 28,151 shares of company stock worth $12,643,707 over the last 90 days. 0.24% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on FN shares. Rosenblatt Securities restated a “buy” rating and issued a $550.00 price objective on shares of Fabrinet in a report on Tuesday, February 3rd. Weiss Ratings lowered Fabrinet from a “buy (b)” rating to a “hold (c+)” rating in a research report on Friday, February 13th. JPMorgan Chase & Co. lifted their price target on Fabrinet from $430.00 to $530.00 and gave the company an “overweight” rating in a research report on Tuesday, November 4th. Susquehanna upped their price target on Fabrinet from $550.00 to $570.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. Finally, Zacks Research upgraded Fabrinet from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. One investment 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 company’s stock. Based on data from MarketBeat, Fabrinet has a consensus rating of “Moderate Buy” and a consensus target price of $541.25.

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.