M&T Bank Corp Buys 1,554 Shares of Fabrinet $FN

M&T Bank Corp raised its stake in shares of Fabrinet (NYSE:FN) by 196.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,345 shares of the technology company’s stock after purchasing an additional 1,554 shares during the period. M&T Bank Corp’s holdings in Fabrinet were worth $1,068,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Fabrinet by 1.4% during the third quarter. Vanguard Group Inc. now owns 4,135,345 shares of the technology company’s stock valued at $1,507,829,000 after purchasing an additional 59,002 shares during the period. Wasatch Advisors LP grew its holdings in Fabrinet by 45.1% during the second quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock valued at $524,432,000 after purchasing an additional 553,196 shares during the period. Invesco Ltd. grew its holdings in Fabrinet by 33.3% during the third quarter. Invesco Ltd. now owns 681,850 shares of the technology company’s stock valued at $248,616,000 after purchasing an additional 170,297 shares during the period. JPMorgan Chase & Co. grew its holdings in Fabrinet by 1.7% during the third quarter. JPMorgan Chase & Co. now owns 646,333 shares of the technology company’s stock valued at $235,666,000 after purchasing an additional 10,621 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in Fabrinet by 226.1% during the third quarter. Alliancebernstein L.P. now owns 499,177 shares of the technology company’s stock valued at $182,010,000 after purchasing an additional 346,113 shares during the period. Institutional investors own 97.38% of the company’s stock.

Fabrinet Stock Up 6.3%

Shares of Fabrinet stock opened at $684.23 on Friday. The stock’s 50-day simple moving average is $588.72 and its 200-day simple moving average is $503.20. Fabrinet has a 52 week low of $193.54 and a 52 week high of $734.79. The company has a market capitalization of $24.51 billion, a price-to-earnings ratio of 65.54 and a beta of 1.04.

Fabrinet (NYSE:FN) last posted its earnings results on Monday, February 2nd. The technology company reported $3.36 EPS for the quarter, topping analysts’ consensus estimates of $3.26 by $0.10. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.08 billion. Fabrinet had a return on equity of 18.69% and a net margin of 9.69%.The firm’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.61 earnings per share. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. On average, equities analysts expect that Fabrinet will post 12.8 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on FN. JPMorgan Chase & Co. downgraded Fabrinet from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $530.00 to $700.00 in a research report on Thursday, April 16th. Northland Securities set a $800.00 price objective on Fabrinet in a research report on Monday, April 20th. Zacks Research downgraded Fabrinet from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Weiss Ratings downgraded Fabrinet from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 8th. Finally, Barclays boosted their price objective on Fabrinet from $537.00 to $548.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $587.50.

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.