Fabrinet $FN Holdings Boosted by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in shares of Fabrinet (NYSE:FN) by 64.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,065,414 shares of the technology company’s stock after purchasing an additional 419,081 shares during the period. JPMorgan Chase & Co.’s holdings in Fabrinet were worth $485,063,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Balboa Wealth Partners grew its holdings in shares of Fabrinet by 2.5% during the 4th quarter. Balboa Wealth Partners now owns 863 shares of the technology company’s stock valued at $393,000 after acquiring an additional 21 shares in the last quarter. Richardson Financial Services Inc. grew its holdings in shares of Fabrinet by 12.2% during the 4th quarter. Richardson Financial Services Inc. now owns 211 shares of the technology company’s stock valued at $96,000 after acquiring an additional 23 shares in the last quarter. REAP Financial Group LLC grew its holdings in shares of Fabrinet by 15.7% during the 4th quarter. REAP Financial Group LLC now owns 192 shares of the technology company’s stock valued at $87,000 after acquiring an additional 26 shares in the last quarter. Harbour Investments Inc. grew its holdings in shares of Fabrinet by 75.0% during the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after acquiring an additional 27 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in Fabrinet by 7.4% in the fourth quarter. Allworth Financial LP now owns 405 shares of the technology company’s stock worth $184,000 after purchasing an additional 28 shares in the last quarter. 97.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on FN. JPMorgan Chase & Co. decreased their price objective on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Barclays upped their price objective on shares of Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Needham & Company LLC restated a “buy” rating and set a $800.00 price target on shares of Fabrinet in a report on Tuesday, May 5th. Fox Advisors cut shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. Finally, Zacks Research upgraded shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $661.75.

Fabrinet Price Performance

FN stock opened at $577.99 on Thursday. Fabrinet has a 52-week low of $236.85 and a 52-week high of $748.89. The company has a 50-day moving average of $655.81 and a two-hundred day moving average of $550.61. The stock has a market capitalization of $20.71 billion, a price-to-earnings ratio of 49.66 and a beta of 1.17.

Fabrinet (NYSE:FN) last released its quarterly 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 during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the company earned $2.52 earnings per share. The business’s quarterly 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. Equities analysts expect that Fabrinet will post 12.96 EPS for the current fiscal year.

Insider Activity at Fabrinet

In other 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 completion of the transaction, the director owned 16,233 shares of the company’s stock, valued at approximately $11,556,435.03. This represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.24% of the company’s stock.

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.