Lazard Asset Management LLC Raises Stock Holdings in Fabrinet $FN

Lazard Asset Management LLC boosted its stake in Fabrinet (NYSE:FN) by 20.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,322 shares of the technology company’s stock after purchasing an additional 1,902 shares during the quarter. Lazard Asset Management LLC’s holdings in Fabrinet were worth $5,905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of FN. Price T Rowe Associates Inc. MD boosted its holdings in shares of Fabrinet by 163.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,041,227 shares of the technology company’s stock worth $1,839,891,000 after purchasing an additional 2,504,841 shares in the last quarter. Wasatch Advisors LP raised its holdings in shares of Fabrinet by 45.1% during the 2nd quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock valued at $524,432,000 after buying an additional 553,196 shares in the last quarter. Norges Bank bought a new stake in Fabrinet in the 4th quarter worth approximately $193,766,000. JPMorgan Chase & Co. lifted its position in Fabrinet by 64.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,065,414 shares of the technology company’s stock worth $485,063,000 after buying an additional 419,081 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Fabrinet by 183.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 333,555 shares of the technology company’s stock worth $121,621,000 after buying an additional 215,903 shares in the last quarter. 97.38% of the stock is currently owned by institutional investors.

Insider Activity

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $711.91, for a total transaction of $1,779,775.00. Following the completion of the transaction, the director owned 16,233 shares of the company’s stock, valued at $11,556,435.03. This represents a 13.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.24% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on FN. Weiss Ratings cut shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 30th. Rosenblatt Securities upped their price objective on shares of Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Northland Securities set a $800.00 target price on shares of Fabrinet in a report on Monday, April 20th. Fox Advisors cut shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research report on Tuesday, May 5th. Finally, Zacks Research lowered shares of Fabrinet from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $643.00.

Fabrinet Stock Up 6.2%

Shares of NYSE FN opened at $440.06 on Friday. Fabrinet has a 52 week low of $272.49 and a 52 week high of $748.89. The firm’s fifty day moving average is $560.37 and its 200 day moving average is $564.96. The company has a market cap of $15.77 billion, a price-to-earnings ratio of 37.81 and a beta of 1.20.

Fabrinet (NYSE:FN) last announced its quarterly earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.14. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the company posted $2.52 EPS. The firm’s revenue for the quarter was up 39.3% compared to the same quarter last year. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Equities research analysts anticipate that Fabrinet will post 12.97 earnings per share for the current year.

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.