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

Westfield Capital Management Co. LP lessened its holdings in shares of Fabrinet (NYSE:FN) by 75.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 163,002 shares of the technology company’s stock after selling 500,308 shares during the period. Westfield Capital Management Co. LP’s holdings in Fabrinet were worth $59,434,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FN. Vanguard Group Inc. lifted its position in Fabrinet by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 4,135,345 shares of the technology company’s stock worth $1,507,829,000 after buying an additional 59,002 shares in the last quarter. Wasatch Advisors LP increased its position in Fabrinet by 45.1% in the 2nd 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 raised its stake in shares of Fabrinet by 0.5% in the second quarter. Geode Capital Management LLC now owns 1,051,108 shares of the technology company’s stock worth $309,771,000 after acquiring an additional 5,114 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Fabrinet by 1.7% during the third quarter. JPMorgan Chase & Co. now owns 646,333 shares of the technology company’s stock worth $235,666,000 after purchasing an additional 10,621 shares in the last quarter. Finally, Epoch Investment Partners Inc. grew its stake 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 purchasing an additional 132,780 shares during the last quarter. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 completion of the transaction, the director owned 18,316 shares of the company’s stock, valued at $8,310,885. The trade was a 16.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas F. Kelly sold 2,200 shares of the company’s stock in a transaction on Thursday, December 4th. The shares were 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 owned 18,789 shares of the company’s stock, valued at approximately $8,720,726.46. This represents 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 insiders.

Fabrinet Stock Down 9.0%

Shares of Fabrinet stock opened at $560.49 on Friday. The business has a fifty day simple moving average of $488.04 and a 200 day simple moving average of $428.30. The stock has a market cap of $20.08 billion, a PE 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 firm had revenue of $1.13 billion for 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%.The company’s revenue was up 35.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.61 earnings per share. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. Analysts expect that Fabrinet will post 9.4 EPS for the current fiscal year.

Analyst Ratings Changes

FN has been the subject of several research analyst reports. Barclays boosted their price objective on shares of Fabrinet from $537.00 to $548.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. Susquehanna lifted their target price on Fabrinet from $550.00 to $570.00 and gave the company a “positive” rating in a research note on Thursday, January 22nd. Weiss Ratings downgraded Fabrinet from a “buy (b)” rating to a “hold (c+)” rating in a research report on Friday, February 13th. Rosenblatt Securities reiterated a “buy” rating and issued a $550.00 price target on shares of Fabrinet in a report on Tuesday, February 3rd. Finally, Wolfe Research upgraded Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price objective for the company in a research report on Wednesday, February 4th. One equities research 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. According to data from MarketBeat.com, Fabrinet has an average rating of “Moderate Buy” and an average 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.