Grantham Mayo Van Otterloo & Co. LLC Has $35.82 Million Stock Holdings in Fabrinet $FN

Grantham Mayo Van Otterloo & Co. LLC boosted its position in Fabrinet (NYSE:FN) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 98,229 shares of the technology company’s stock after acquiring an additional 1,235 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned 0.27% of Fabrinet worth $35,816,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FN. Cullen Frost Bankers Inc. grew its position in shares of Fabrinet by 20.4% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 171 shares of the technology company’s stock worth $62,000 after buying an additional 29 shares during the period. Coldstream Capital Management Inc. boosted its stake in Fabrinet by 3.2% in the second quarter. Coldstream Capital Management Inc. now owns 998 shares of the technology company’s stock valued at $294,000 after acquiring an additional 31 shares during the last quarter. Evergreen Capital Management LLC grew its holdings in Fabrinet by 1.0% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,032 shares of the technology company’s stock worth $893,000 after acquiring an additional 31 shares during the period. Stephens Inc. AR grew its holdings in Fabrinet by 4.4% during the 3rd quarter. Stephens Inc. AR now owns 782 shares of the technology company’s stock worth $285,000 after acquiring an additional 33 shares during the period. Finally, Profund Advisors LLC raised its position in shares of Fabrinet by 2.2% during the 3rd quarter. Profund Advisors LLC now owns 1,505 shares of the technology company’s stock valued at $549,000 after acquiring an additional 33 shares during the last quarter. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Fabrinet Trading Down 10.1%

NYSE:FN opened at $489.66 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 moving average price of $495.79 and a two-hundred day moving average price of $438.28. The stock has a market cap of $17.54 billion, a price-to-earnings ratio of 46.90 and a beta of 1.01.

Fabrinet (NYSE:FN) last released 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. Fabrinet had a return on equity of 18.69% and a net margin of 9.69%.The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the firm posted $2.61 earnings per share. Fabrinet’s revenue was up 35.9% compared to the same quarter last year. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. Sell-side analysts forecast that Fabrinet will post 9.4 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on FN shares. Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Rosenblatt Securities reissued a “buy” rating and issued a $550.00 target price on shares of Fabrinet in a research note 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 report on Wednesday, February 4th. Weiss Ratings cut Fabrinet from a “buy (b)” rating to a “hold (c+)” rating in a research note on Friday, February 13th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $540.00 price target 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, Fabrinet currently has an average rating of “Moderate Buy” and an average target price of $541.25.

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.