HighTower Advisors LLC Purchases 2,628 Shares of Fabrinet $FN

HighTower Advisors LLC lifted its holdings in shares of Fabrinet (NYSE:FN) by 105.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,127 shares of the technology company’s stock after acquiring an additional 2,628 shares during the quarter. HighTower Advisors LLC’s holdings in Fabrinet were worth $1,869,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of FN. Root Financial Partners LLC bought a new stake in shares of Fabrinet in the third quarter valued at approximately $34,000. Elevation Point Wealth Partners LLC bought a new position in Fabrinet in the second quarter valued at about $35,000. First Horizon Advisors Inc. boosted its position in Fabrinet by 124.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 139 shares of the technology company’s stock worth $41,000 after buying an additional 77 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Fabrinet by 33.6% during the second quarter. Bessemer Group Inc. now owns 171 shares of the technology company’s stock worth $50,000 after purchasing an additional 43 shares during the period. Finally, MAI Capital Management lifted its holdings in Fabrinet by 86.7% during the 2nd quarter. MAI Capital Management now owns 183 shares of the technology company’s stock worth $54,000 after buying an additional 85 shares during the period. Institutional investors and hedge funds own 97.38% of the company’s stock.

Insider Buying and Selling

In other news, Director Homa Bahrami sold 3,500 shares of Fabrinet stock in a transaction dated Monday, December 1st. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas F. Kelly sold 2,200 shares of the company’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $464.14, for a total transaction of $1,021,108.00. Following the completion of the transaction, the director owned 18,789 shares in the company, valued at approximately $8,720,726.46. The trade was a 10.48% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.24% of the stock is owned by company insiders.

Fabrinet Price Performance

Shares of FN opened at $546.15 on Friday. Fabrinet has a 1 year low of $148.55 and a 1 year high of $632.99. The stock has a 50 day simple moving average of $489.44 and a two-hundred day simple moving average of $430.35. The firm has a market cap of $19.57 billion, a P/E ratio of 52.31 and a beta of 1.04.

Fabrinet (NYSE:FN) last announced its quarterly earnings results on Monday, February 2nd. The technology company reported $3.36 EPS for the quarter, topping analysts’ consensus estimates of $3.26 by $0.10. The business 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 business’s quarterly revenue was up 35.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.61 EPS. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. On average, equities analysts anticipate that Fabrinet will post 9.4 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Needham & Company LLC restated a “buy” rating and set a $540.00 target price on shares of Fabrinet in a research report on Tuesday, February 3rd. Zacks Research raised shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. JPMorgan Chase & Co. increased their price target on Fabrinet from $430.00 to $530.00 and gave the company an “overweight” rating in a research report on Tuesday, November 4th. Northland Securities set a $600.00 price objective on shares of Fabrinet in a research note on Monday, December 22nd. Finally, Susquehanna lifted their target price on Fabrinet from $550.00 to $570.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. One 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. According to MarketBeat.com, Fabrinet presently has an average rating of “Moderate Buy” and an average price target of $541.25.

About Fabrinet

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.