Worthington Financial Partners LLC Makes New Investment in Fabrinet $FN

Worthington Financial Partners LLC bought a new position in Fabrinet (NYSE:FN) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,365 shares of the technology company’s stock, valued at approximately $1,532,000. Fabrinet accounts for 1.4% of Worthington Financial Partners LLC’s portfolio, making the stock its 21st largest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Divisadero Street Capital Management LP increased its position in Fabrinet by 57.4% during the 3rd quarter. Divisadero Street Capital Management LP now owns 56,344 shares of the technology company’s stock worth $20,544,000 after purchasing an additional 20,556 shares during the period. Swedbank AB purchased a new position in shares of Fabrinet during the 4th quarter worth approximately $5,372,000. M&T Bank Corp raised its stake in shares of Fabrinet by 196.5% during the 4th quarter. M&T Bank Corp now owns 2,345 shares of the technology company’s stock worth $1,068,000 after buying an additional 1,554 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich acquired a new stake in shares of Fabrinet in the 3rd quarter valued at approximately $2,923,000. Finally, JSF Financial LLC acquired a new stake in shares of Fabrinet in the 4th quarter valued at approximately $957,000. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Fabrinet Price Performance

NYSE FN opened at $574.48 on Friday. Fabrinet has a 1-year low of $261.03 and a 1-year high of $748.89. The company has a market capitalization of $20.58 billion, a P/E ratio of 49.35 and a beta of 1.17. The business has a 50 day moving average price of $660.91 and a 200 day moving average price of $557.63.

Fabrinet (NYSE:FN) last issued its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 19.83% and a net margin of 9.94%.Fabrinet’s revenue was up 39.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. On average, research analysts expect that Fabrinet will post 12.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FN has been the topic of a number of recent analyst reports. Barclays upped their price objective on Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. reduced their target price on Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Weiss Ratings upgraded shares of Fabrinet from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. Fox Advisors cut shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research note on Tuesday, May 5th. Finally, Northland Securities set a $800.00 price target on shares of Fabrinet in a research note on Monday, April 20th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Fabrinet currently has a consensus rating of “Moderate Buy” and an average price target of $661.75.

Insider Activity

In related news, Director Homa Bahrami sold 2,500 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 16,233 shares in the company, valued at $11,556,435.03. The trade was a 13.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.24% of the stock is owned by company insiders.

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.