JPMorgan Chase & Co. Buys 10,621 Shares of Fabrinet $FN

JPMorgan Chase & Co. increased its stake in shares of Fabrinet (NYSE:FN) by 1.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 646,333 shares of the technology company’s stock after acquiring an additional 10,621 shares during the period. JPMorgan Chase & Co.’s holdings in Fabrinet were worth $235,666,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FN. Wasatch Advisors LP boosted its position in Fabrinet by 45.1% during the second quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock worth $524,432,000 after purchasing an additional 553,196 shares during the period. Norges Bank acquired a new stake in shares of Fabrinet in the second quarter worth $124,046,000. Invesco Ltd. boosted its holdings in shares of Fabrinet by 446.6% during the 2nd quarter. Invesco Ltd. now owns 511,553 shares of the technology company’s stock worth $150,744,000 after buying an additional 417,959 shares during the period. Westfield Capital Management Co. LP boosted its holdings in shares of Fabrinet by 102.8% during the 2nd quarter. Westfield Capital Management Co. LP now owns 663,310 shares of the technology company’s stock worth $195,464,000 after buying an additional 336,173 shares during the period. Finally, Epoch Investment Partners Inc. grew its stake in Fabrinet by 34.1% in the 2nd quarter. Epoch Investment Partners Inc. now owns 522,027 shares of the technology company’s stock valued at $153,831,000 after buying an additional 132,780 shares during the last quarter. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Barclays boosted their target price on shares of Fabrinet from $537.00 to $548.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. B. Riley Financial lifted their price objective on Fabrinet from $366.00 to $452.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Needham & Company LLC restated a “buy” rating and set a $540.00 target price on shares of Fabrinet in a research note on Tuesday, February 3rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $550.00 target price on shares of Fabrinet in a report on Tuesday, February 3rd. Finally, Susquehanna lifted their price target on Fabrinet from $550.00 to $570.00 and gave the stock a “positive” rating in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $541.25.

Insider Activity at Fabrinet

In other Fabrinet news, Director Homa Bahrami sold 3,500 shares of Fabrinet stock in a transaction on Monday, December 1st. The shares were sold at an average price of $453.75, for a total transaction of $1,588,125.00. Following the sale, the director owned 18,316 shares in the company, valued at $8,310,885. The trade was a 16.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas F. Kelly sold 2,200 shares of the stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $464.14, for a total transaction of $1,021,108.00. Following the completion of the transaction, the director owned 18,789 shares of the company’s stock, valued at approximately $8,720,726.46. This represents a 10.48% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 28,151 shares of company stock worth $12,643,707. 0.24% of the stock is owned by corporate insiders.

Fabrinet Stock Performance

NYSE FN opened at $546.12 on Friday. Fabrinet has a twelve month low of $148.55 and a twelve month high of $557.60. The stock has a market cap of $19.57 billion, a PE ratio of 52.31 and a beta of 1.04. The firm has a 50-day simple moving average of $477.24 and a 200 day simple moving average of $421.36.

Fabrinet (NYSE:FN) last issued its quarterly earnings results on Monday, February 2nd. The technology company reported $3.36 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $1.08 billion. During the same period in the previous year, the company posted $2.61 earnings per share. The company’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. Research analysts forecast that Fabrinet will post 9.4 earnings per share for the current fiscal year.

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.