Janus Henderson Group PLC Has $152.07 Million Holdings in Fabrinet $FN

Janus Henderson Group PLC raised its stake in shares of Fabrinet (NYSE:FN) by 15.9% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 291,659 shares of the technology company’s stock after purchasing an additional 40,090 shares during the period. Janus Henderson Group PLC’s holdings in Fabrinet were worth $152,071,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Core Wealth Advisors LLC purchased a new stake in shares of Fabrinet in the fourth quarter worth approximately $25,000. Harbour Investments Inc. lifted its holdings in shares of Fabrinet by 75.0% in the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after purchasing an additional 27 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in shares of Fabrinet during the first quarter valued at approximately $31,000. Creative Financial Designs Inc. ADV purchased a new position in shares of Fabrinet during the fourth quarter valued at approximately $32,000. Finally, Quarry LP grew its holdings in Fabrinet by 300.0% during the fourth quarter. Quarry LP now owns 72 shares of the technology company’s stock worth $33,000 after buying an additional 54 shares in the last quarter. 97.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on FN shares. Zacks Research lowered Fabrinet from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Needham & Company LLC reduced their target price on shares of Fabrinet from $800.00 to $650.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Barclays increased their target price on shares of Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. dropped their price target on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Finally, Northland Securities set a $800.00 price target on shares of Fabrinet in a report on Monday, April 20th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $643.00.

Fabrinet Trading Down 0.4%

Shares of Fabrinet stock opened at $437.60 on Friday. The business’s fifty day simple moving average is $555.01 and its 200 day simple moving average is $564.06. The firm has a market capitalization of $15.68 billion, a P/E ratio of 37.59 and a beta of 1.20. Fabrinet has a 12 month low of $272.49 and a 12 month high of $748.89.

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

Insider Buying and Selling at Fabrinet

In related news, Director Homa Bahrami sold 2,500 shares of the stock in a transaction dated Friday, May 22nd. The shares were 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 in the company, valued at approximately $11,556,435.03. This represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.24% of the company’s stock.

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.