Future Fund LLC Buys 1,141 Shares of Fabrinet $FN

Future Fund LLC increased its stake in shares of Fabrinet (NYSE:FN) by 28.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,185 shares of the technology company’s stock after acquiring an additional 1,141 shares during the period. Future Fund LLC’s holdings in Fabrinet were worth $2,704,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. boosted its stake in Fabrinet by 499.3% in the 1st quarter. Assetmark Inc. now owns 4,189 shares of the technology company’s stock worth $2,185,000 after purchasing an additional 3,490 shares during the period. Bessemer Group Inc. increased its holdings in Fabrinet by 6.9% during the 1st quarter. Bessemer Group Inc. now owns 31,480 shares of the technology company’s stock worth $16,417,000 after purchasing an additional 2,028 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Fabrinet by 108.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 165,146 shares of the technology company’s stock worth $88,350,000 after purchasing an additional 85,780 shares in the last quarter. Independent Financial Group LLC acquired a new stake in shares of Fabrinet in the 1st quarter valued at about $245,000. Finally, Zweig DiMenna Associates LLC acquired a new stake in shares of Fabrinet in the 1st quarter valued at about $6,728,000. 97.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on FN shares. Fox Advisors cut Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research report on Tuesday, May 5th. Wall Street Zen raised Fabrinet from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Zacks Research cut Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 price target on shares of Fabrinet in a research report on Tuesday, May 5th. Finally, Barclays upped their price target on Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $661.75.

Insider Transactions at Fabrinet

In related news, Director Homa Bahrami sold 2,500 shares of the company’s stock in a transaction dated 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 sale, 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 legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.24% of the company’s stock.

Fabrinet Price Performance

Shares of NYSE:FN opened at $476.68 on Friday. The company’s 50-day moving average price is $598.02 and its two-hundred day moving average price is $563.20. Fabrinet has a one year low of $272.49 and a one year high of $748.89. The stock has a market capitalization of $17.08 billion, a PE ratio of 40.95 and a beta of 1.20.

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