Polar Capital Holdings Plc Raises Stock Position in Fabrinet $FN

Polar Capital Holdings Plc raised its stake in shares of Fabrinet (NYSE:FN) by 58.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 551,916 shares of the technology company’s stock after purchasing an additional 204,612 shares during the period. Fabrinet makes up approximately 1.0% of Polar Capital Holdings Plc’s investment portfolio, making the stock its 23rd biggest position. Polar Capital Holdings Plc’s holdings in Fabrinet were worth $251,276,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Core Wealth Advisors LLC acquired a new stake in shares of Fabrinet during the fourth quarter valued at about $25,000. Westend Capital Management LLC acquired a new stake in shares of Fabrinet during the fourth quarter valued at about $29,000. Harbour Investments Inc. increased its position in shares of Fabrinet by 75.0% during the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after acquiring an additional 27 shares during the last quarter. Creative Financial Designs Inc. ADV acquired a new stake in shares of Fabrinet during the fourth quarter valued at about $32,000. Finally, Quarry LP increased its position in shares of Fabrinet by 300.0% during the fourth quarter. Quarry LP now owns 72 shares of the technology company’s stock valued at $33,000 after acquiring an additional 54 shares during the last quarter. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Fabrinet Stock Performance

Shares of FN stock opened at $587.73 on Wednesday. The stock has a market capitalization of $21.06 billion, a P/E ratio of 50.49 and a beta of 1.17. The company has a 50 day moving average price of $660.68 and a 200 day moving average price of $555.75. Fabrinet has a fifty-two week low of $255.95 and a fifty-two week high of $748.89.

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

Insider Buying and Selling at Fabrinet

In related news, Director Homa Bahrami sold 2,500 shares of Fabrinet stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $711.91, for a total value 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. The trade was a 13.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Needham & Company LLC reiterated a “buy” rating and set a $800.00 price target on shares of Fabrinet 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 report on Tuesday, May 5th. Rosenblatt Securities lifted their price objective on shares of Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Finally, Northland Securities set a $800.00 price objective on shares of Fabrinet in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Fabrinet has an average rating of “Moderate Buy” and an average price target 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.