Fox Run Management L.L.C. Takes Position in Fabrinet $FN

Fox Run Management L.L.C. acquired a new position in shares of Fabrinet (NYSE:FN) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,129 shares of the technology company’s stock, valued at approximately $1,141,000.

Other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in shares of Fabrinet by 35.8% during the third quarter. EverSource Wealth Advisors LLC now owns 724 shares of the technology company’s stock worth $264,000 after purchasing an additional 191 shares during the period. Vestmark Advisory Solutions Inc. acquired a new position in shares of Fabrinet in the 3rd quarter valued at about $322,000. Premier Fund Managers Ltd bought a new stake in shares of Fabrinet during the 3rd quarter valued at about $7,708,000. Advyzon Investment Management LLC acquired a new stake in Fabrinet during the third quarter worth about $232,000. Finally, L & S Advisors Inc bought a new position in Fabrinet in the third quarter worth about $1,848,000. Institutional investors and hedge funds own 97.38% of the company’s stock.

Insider Buying and Selling

In related news, Director Homa Bahrami sold 3,500 shares of the business’s stock in a transaction that occurred on 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas F. Kelly sold 2,200 shares of the company’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 value of $1,021,108.00. Following the completion of the sale, the director owned 18,789 shares of the company’s stock, valued at $8,720,726.46. This trade represents a 10.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.24% of the company’s stock.

Fabrinet Stock Performance

Shares of FN opened at $616.22 on Thursday. Fabrinet has a one year low of $148.55 and a one year high of $632.99. The stock’s fifty day moving average is $485.88 and its 200-day moving average is $427.38. The firm has a market capitalization of $22.08 billion, a price-to-earnings ratio of 59.03 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 for the quarter, topping the consensus estimate of $3.26 by $0.10. The business had revenue of $1.13 billion during 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%. The company’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.61 earnings per share. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. Analysts forecast that Fabrinet will post 9.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on FN. Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. Northland Securities set a $600.00 price objective on Fabrinet in a research report on Monday, December 22nd. B. Riley Financial increased their target price on Fabrinet from $366.00 to $452.00 and gave the stock a “neutral” rating in a research 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 on the stock in a research note on Wednesday, February 4th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $550.00 price target on shares of Fabrinet in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $541.25.

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.