Future Fund LLC Acquires Shares of 4,044 Fabrinet $FN

Future Fund LLC acquired a new stake in Fabrinet (NYSE:FN) during the fourth quarter, Holdings Channel reports. The fund acquired 4,044 shares of the technology company’s stock, valued at approximately $1,841,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Balboa Wealth Partners lifted its holdings in Fabrinet by 2.5% in the 4th quarter. Balboa Wealth Partners now owns 863 shares of the technology company’s stock valued at $393,000 after purchasing an additional 21 shares in the last quarter. Richardson Financial Services Inc. lifted its holdings in Fabrinet by 12.2% in the 4th quarter. Richardson Financial Services Inc. now owns 211 shares of the technology company’s stock valued at $96,000 after purchasing an additional 23 shares in the last quarter. Harbour Investments Inc. raised 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 worth $29,000 after acquiring an additional 27 shares during the period. Allworth Financial LP raised its holdings in shares of Fabrinet by 7.4% during the 4th quarter. Allworth Financial LP now owns 405 shares of the technology company’s stock worth $184,000 after acquiring an additional 28 shares during the period. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of Fabrinet by 20.4% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 171 shares of the technology company’s stock worth $62,000 after acquiring an additional 29 shares during the period. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on FN. B. Riley Financial lifted their price target on Fabrinet from $366.00 to $452.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. Zacks Research upgraded Fabrinet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Weiss Ratings upgraded Fabrinet from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Fox Advisors lowered Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. Finally, Wolfe Research upgraded Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price target on the stock in a report on Wednesday, February 4th. One investment 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’s stock. According to data from MarketBeat, Fabrinet currently has a consensus rating of “Moderate Buy” and a consensus target price of $661.75.

Fabrinet Trading Down 2.0%

Shares of FN opened at $654.70 on Friday. The firm has a market cap of $23.46 billion, a P/E ratio of 56.25 and a beta of 1.22. Fabrinet has a 12-month low of $224.66 and a 12-month high of $748.89. The company’s 50-day moving average price is $640.33 and its 200 day moving average price is $537.14.

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, beating the consensus estimate of $3.58 by $0.14. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. Fabrinet’s revenue was up 39.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Equities research analysts forecast that Fabrinet will post 12.96 earnings per share for the current year.

Insider Transactions at Fabrinet

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 approximately $11,556,435.03. The trade was a 13.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.24% of the company’s stock.

Fabrinet Company 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.