Premier Fund Managers Ltd Purchases Shares of 21,200 Fabrinet $FN

Premier Fund Managers Ltd purchased a new position in shares of Fabrinet (NYSE:FN) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,200 shares of the technology company’s stock, valued at approximately $7,708,000. Premier Fund Managers Ltd owned about 0.06% of Fabrinet at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of FN. Advyzon Investment Management LLC acquired a new stake in Fabrinet during the 3rd quarter worth approximately $232,000. L & S Advisors Inc purchased a new stake in Fabrinet during the third quarter worth approximately $1,848,000. Synovus Financial Corp acquired a new stake in shares of Fabrinet in the third quarter worth $3,591,000. GSA Capital Partners LLP purchased a new position in shares of Fabrinet in the 3rd quarter valued at $570,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Fabrinet by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 4,135,345 shares of the technology company’s stock valued at $1,507,829,000 after acquiring an additional 59,002 shares in the last quarter. 97.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fabrinet

In other Fabrinet news, CEO Seamus Grady sold 22,451 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer directly owned 23,573 shares of the company’s stock, valued at $10,535,952.35. This trade represents a 48.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Homa Bahrami sold 3,500 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $453.75, for a total transaction of $1,588,125.00. Following the completion of the sale, the director directly 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 SEC filing for this sale provides additional information. Insiders have sold 28,151 shares of company stock worth $12,643,707 in the last ninety days. 0.24% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FN. Barclays increased their price target on Fabrinet from $537.00 to $548.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Wolfe Research upgraded Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 target price for the company in a research note on Wednesday, February 4th. Zacks Research upgraded Fabrinet from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. JPMorgan Chase & Co. upped their price target on Fabrinet from $430.00 to $530.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $550.00 price objective on shares of Fabrinet in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $541.25.

Fabrinet Stock Performance

Shares of FN opened at $546.12 on Friday. Fabrinet has a one year low of $148.55 and a one year high of $557.60. The stock has a 50-day moving average price of $477.24 and a 200 day moving average price of $422.01. The company has a market capitalization of $19.57 billion, a P/E ratio of 52.31 and a beta of 1.04.

Fabrinet (NYSE:FN) last posted its quarterly earnings data on Monday, February 2nd. The technology company reported $3.36 earnings per share (EPS) for the quarter, topping 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 return on equity of 18.69% and a net margin of 9.69%.Fabrinet’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.61 EPS. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. As a group, equities research analysts forecast that Fabrinet will post 9.4 earnings per share for the current fiscal year.

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.