Fisher Asset Management LLC Has $48.36 Million Position in Fabrinet $FN

Fisher Asset Management LLC boosted its stake in shares of Fabrinet (NYSE:FN) by 6,797.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 106,224 shares of the technology company’s stock after buying an additional 104,684 shares during the quarter. Fisher Asset Management LLC’s holdings in Fabrinet were worth $48,362,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Divisadero Street Capital Management LP lifted its holdings in Fabrinet by 57.4% during the 3rd quarter. Divisadero Street Capital Management LP now owns 56,344 shares of the technology company’s stock worth $20,544,000 after buying an additional 20,556 shares during the period. Azzad Asset Management Inc. ADV acquired a new position in Fabrinet during the 3rd quarter worth about $1,037,000. M&T Bank Corp lifted its holdings in Fabrinet by 196.5% during the 4th 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 during the period. New York State Common Retirement Fund lifted its holdings in Fabrinet by 67.7% during the 3rd quarter. New York State Common Retirement Fund now owns 64,142 shares of the technology company’s stock worth $23,387,000 after buying an additional 25,889 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in Fabrinet by 105.2% during the 3rd quarter. Federated Hermes Inc. now owns 5,982 shares of the technology company’s stock worth $2,181,000 after buying an additional 3,067 shares during the period. 97.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Homa Bahrami sold 2,500 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $711.91, for a total value of $1,779,775.00. Following the completion of the sale, the director directly owned 16,233 shares of the company’s stock, valued at $11,556,435.03. The trade was a 13.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.24% of the stock is owned by insiders.

Analyst Ratings Changes

FN has been the subject of several research analyst reports. Rosenblatt Securities lifted their price objective on Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. B. Riley Financial lifted their price objective on Fabrinet from $366.00 to $452.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Fox Advisors lowered Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research report on Tuesday, May 5th. Finally, Barclays lifted their price objective on Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $661.75.

Fabrinet Trading Down 3.2%

FN stock opened at $681.52 on Wednesday. The stock has a 50-day moving average price of $630.36 and a 200-day moving average price of $533.16. Fabrinet has a 1-year low of $224.66 and a 1-year high of $748.89. The firm has a market cap of $24.42 billion, a PE ratio of 58.55 and a beta of 1.22.

Fabrinet (NYSE:FN) last issued its earnings results on Monday, May 4th. The technology company reported $3.72 EPS for the quarter, beating analysts’ consensus estimates of $3.58 by $0.14. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the company posted $2.52 EPS. The firm’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. On average, analysts forecast that Fabrinet will post 12.96 earnings per share for the current 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.