Nicholas Investment Partners LP Increases Holdings in Fabrinet $FN

Nicholas Investment Partners LP grew its holdings in shares of Fabrinet (NYSE:FN) by 6.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,671 shares of the technology company’s stock after buying an additional 1,625 shares during the period. Nicholas Investment Partners LP owned 0.08% of Fabrinet worth $12,598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Kennedy Capital Management LLC lifted its holdings in Fabrinet by 5.5% during the 4th quarter. Kennedy Capital Management LLC now owns 27,773 shares of the technology company’s stock worth $12,644,000 after buying an additional 1,460 shares during the last quarter. Eventide Asset Management LLC lifted its holdings in shares of Fabrinet by 293.6% in the 4th quarter. Eventide Asset Management LLC now owns 17,009 shares of the technology company’s stock valued at $7,753,000 after purchasing an additional 12,688 shares during the last quarter. Entropy Technologies LP lifted its holdings in shares of Fabrinet by 1,002.5% in the 4th quarter. Entropy Technologies LP now owns 6,615 shares of the technology company’s stock valued at $3,012,000 after purchasing an additional 6,015 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Fabrinet by 42.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 473,902 shares of the technology company’s stock valued at $215,758,000 after purchasing an additional 140,347 shares during the last quarter. Finally, Atlas Capital Advisors Inc. purchased a new stake in shares of Fabrinet in the 4th quarter valued at about $227,000. 97.38% of the stock is owned by hedge funds and other institutional investors.

Fabrinet Stock Performance

Fabrinet stock opened at $608.68 on Friday. The stock has a 50-day simple moving average of $658.48 and a 200-day simple moving average of $552.37. The company has a market capitalization of $21.81 billion, a P/E ratio of 52.29 and a beta of 1.17. Fabrinet has a fifty-two week low of $244.24 and a fifty-two week high of $748.89.

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

Analysts Set New Price Targets

Several analysts have recently weighed in on FN shares. Needham & Company LLC reissued a “buy” rating and issued a $800.00 target price on shares of Fabrinet in a report on Tuesday, May 5th. Northland Securities set a $800.00 target price on Fabrinet in a report on Monday, April 20th. Rosenblatt Securities boosted their target price on Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Weiss Ratings downgraded Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Finally, Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $661.75.

Insider Buying and Selling

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the director directly owned 16,233 shares of the company’s stock, valued at $11,556,435.03. This represents a 13.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.24% of the stock is currently owned by corporate insiders.

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.