Systematic Alpha Investments LLC Makes New $474,000 Investment in Fabrinet $FN

Systematic Alpha Investments LLC acquired a new stake in Fabrinet (NYSE:FN) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,300 shares of the technology company’s stock, valued at approximately $474,000.

A number of other hedge funds have also modified their holdings of FN. Azzad Asset Management Inc. ADV acquired a new position in Fabrinet during the third quarter worth $1,037,000. Federated Hermes Inc. increased its position in shares of Fabrinet by 105.2% during the 3rd quarter. Federated Hermes Inc. now owns 5,982 shares of the technology company’s stock worth $2,181,000 after purchasing an additional 3,067 shares in the last quarter. Torray Investment Partners LLC bought a new position in Fabrinet during the 3rd quarter valued at about $2,458,000. Argent Capital Management LLC acquired a new position in Fabrinet in the third quarter valued at about $4,931,000. Finally, Gateway Investment Advisers LLC acquired a new position in Fabrinet in the third quarter valued at about $1,435,000. 97.38% of the stock is owned by institutional investors and hedge funds.

Fabrinet Price Performance

Shares of NYSE FN opened at $544.60 on Friday. Fabrinet has a fifty-two week low of $148.55 and a fifty-two week high of $632.99. The firm has a market capitalization of $19.51 billion, a P/E ratio of 52.16 and a beta of 1.01. The company’s 50 day simple moving average is $495.55 and its 200 day simple moving average is $436.09.

Fabrinet (NYSE:FN) last released 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 firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.08 billion. Fabrinet had a net margin of 9.69% and a return on equity of 18.69%. The business’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.61 EPS. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. Sell-side analysts expect that Fabrinet will post 9.4 EPS for the current fiscal year.

Analysts Set New Price Targets

FN has been the topic of a number of research analyst reports. Barclays increased their price target on Fabrinet from $537.00 to $548.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. Wolfe Research raised shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price target for the company in a report on Wednesday, February 4th. Weiss Ratings cut shares of Fabrinet from a “buy (b)” rating to a “hold (c+)” rating in a research report on Friday, February 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $540.00 price objective on shares of Fabrinet in a report on Tuesday, February 3rd. Finally, Northland Securities set a $600.00 target price on Fabrinet in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $541.25.

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.