Gables Capital Management Inc. Invests $546,000 in Fabrinet $FN

Gables Capital Management Inc. purchased a new position in Fabrinet (NYSE:FN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,200 shares of the technology company’s stock, valued at approximately $546,000.

Other large investors also recently added to or reduced their stakes in the company. Divisadero Street Capital Management LP boosted its stake in Fabrinet by 57.4% during the third quarter. Divisadero Street Capital Management LP now owns 56,344 shares of the technology company’s stock valued at $20,544,000 after buying an additional 20,556 shares during the period. Azzad Asset Management Inc. ADV bought a new stake in Fabrinet during the third quarter valued at $1,037,000. M&T Bank Corp boosted its stake in Fabrinet by 196.5% during the fourth quarter. M&T Bank Corp now owns 2,345 shares of the technology company’s stock valued at $1,068,000 after buying an additional 1,554 shares during the period. New York State Common Retirement Fund boosted its stake in Fabrinet by 67.7% during the third quarter. New York State Common Retirement Fund now owns 64,142 shares of the technology company’s stock valued at $23,387,000 after buying an additional 25,889 shares during the period. Finally, Federated Hermes Inc. boosted its stake in Fabrinet by 105.2% during the third quarter. Federated Hermes Inc. now owns 5,982 shares of the technology company’s stock valued at $2,181,000 after buying an additional 3,067 shares during the period. Institutional investors own 97.38% of the company’s stock.

Analysts Set New Price Targets

FN has been the subject of several research analyst reports. Wolfe Research raised Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price objective for the company in a research note on Wednesday, February 4th. Susquehanna lifted their price objective on Fabrinet from $550.00 to $570.00 and gave the company a “positive” rating in a research note on Thursday, January 22nd. Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Weiss Ratings raised Fabrinet from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. Finally, B. Riley Financial lifted their price target on Fabrinet from $366.00 to $452.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $661.75.

Fabrinet Stock Down 3.0%

Shares of FN stock opened at $700.59 on Tuesday. The business has a 50-day moving average price of $609.67 and a two-hundred day moving average price of $523.16. Fabrinet has a 12-month low of $222.66 and a 12-month high of $748.89. The firm has a market cap of $25.10 billion, a P/E ratio of 60.19 and a beta of 1.22.

Fabrinet (NYSE:FN) last issued its quarterly earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.14. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the company posted $2.52 earnings per share. The company’s revenue was up 39.3% compared to the same quarter last year. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, research analysts expect that Fabrinet will post 12.96 EPS for the current fiscal year.

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.