5,067 Shares in Fabrinet $FN Purchased by L & S Advisors Inc

L & S Advisors Inc bought a new stake in Fabrinet (NYSE:FN) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,067 shares of the technology company’s stock, valued at approximately $1,848,000.

Several other hedge funds also recently bought and sold shares of the stock. Root Financial Partners LLC acquired a new position in shares of Fabrinet in the 3rd quarter worth approximately $34,000. Elevation Point Wealth Partners LLC acquired a new stake in Fabrinet during the 2nd quarter worth approximately $35,000. First Horizon Advisors Inc. boosted its position in Fabrinet by 124.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 139 shares of the technology company’s stock valued at $41,000 after buying an additional 77 shares during the period. Cullen Frost Bankers Inc. boosted its position in Fabrinet by 118.5% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 142 shares of the technology company’s stock valued at $42,000 after buying an additional 77 shares during the period. Finally, Bessemer Group Inc. grew its stake in shares of Fabrinet by 33.6% in the second quarter. Bessemer Group Inc. now owns 171 shares of the technology company’s stock worth $50,000 after acquiring an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Insider Buying and Selling

In related news, Director Homa Bahrami sold 3,500 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $453.75, for a total value of $1,588,125.00. Following the transaction, the director owned 18,316 shares in the company, valued at $8,310,885. The trade was a 16.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Seamus Grady sold 22,451 shares of the stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $446.95, for a total value of $10,034,474.45. Following the sale, the chief executive officer directly owned 23,573 shares of the company’s stock, valued at $10,535,952.35. The trade was a 48.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 28,151 shares of company stock worth $12,643,707 in the last 90 days. Company insiders own 0.24% of the company’s stock.

Fabrinet Stock Performance

FN opened at $505.71 on Thursday. Fabrinet has a one year low of $148.55 and a one year high of $531.22. The stock has a market capitalization of $18.12 billion, a P/E ratio of 48.44 and a beta of 1.04. The business’s 50-day simple moving average is $476.04 and its 200-day simple moving average is $419.22.

Fabrinet (NYSE:FN) last released its quarterly earnings results on Monday, February 2nd. The technology company reported $3.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.26 by $0.10. Fabrinet had a return on equity of 18.69% and a net margin of 9.69%.The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the business posted $2.61 EPS. The firm’s quarterly revenue was up 35.9% compared to the same quarter last year. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. On average, equities research analysts forecast that Fabrinet will post 9.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FN shares. Rosenblatt Securities reiterated a “buy” rating and issued a $550.00 target price on shares of Fabrinet in a report on Tuesday, February 3rd. B. Riley Financial increased their price target on Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Susquehanna raised their price target on Fabrinet from $550.00 to $570.00 and gave the company a “positive” rating in a research note on Thursday, January 22nd. Northland Securities set a $600.00 price objective on Fabrinet in a research report on Monday, December 22nd. Finally, Weiss Ratings downgraded Fabrinet from a “buy (b)” rating to a “hold (c+)” rating in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Fabrinet currently has an average rating of “Moderate Buy” and an average target price of $541.25.

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.