Westfield Capital Management Co. LP Purchases 27,168 Shares of Fabrinet $FN

Westfield Capital Management Co. LP lifted its position in Fabrinet (NYSE:FN) by 16.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 190,170 shares of the technology company’s stock after purchasing an additional 27,168 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Fabrinet were worth $86,581,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Core Wealth Advisors LLC acquired a new position in Fabrinet during the 4th quarter worth about $25,000. Westend Capital Management LLC acquired a new position in Fabrinet during the 4th quarter worth about $29,000. Harbour Investments Inc. lifted its position in Fabrinet by 75.0% during the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock worth $29,000 after buying an additional 27 shares in the last quarter. Creative Financial Designs Inc. ADV acquired a new position in Fabrinet during the 4th quarter worth about $32,000. Finally, Rakuten Securities Inc. lifted its position in Fabrinet by 340.9% during the 4th quarter. Rakuten Securities Inc. now owns 97 shares of the technology company’s stock worth $44,000 after buying an additional 75 shares in the last quarter. Institutional investors own 97.38% of the company’s stock.

Fabrinet Trading Down 0.8%

Fabrinet stock opened at $719.28 on Friday. Fabrinet has a 1 year low of $231.51 and a 1 year high of $748.89. The company has a market cap of $25.77 billion, a PE ratio of 61.79 and a beta of 1.17. The company’s 50-day moving average is $651.77 and its two-hundred day moving average is $545.09.

Fabrinet (NYSE:FN) last released its earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.14. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the company posted $2.52 EPS. The company’s revenue was up 39.3% compared to the same quarter last year. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Research analysts forecast that Fabrinet will post 12.96 EPS for the current year.

Insider Transactions at Fabrinet

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of the company’s 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 transaction, the director directly owned 16,233 shares in the company, valued at approximately $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 accessible through this hyperlink. Insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on FN. Barclays upped their price target on shares of Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. reduced 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. Zacks Research upgraded shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Fox Advisors downgraded shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research report on Tuesday, May 5th. Finally, Rosenblatt Securities upped their price target on shares of Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $661.75.

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.