Clark Capital Management Group Inc. Increases Stock Position in Fabrinet $FN

Clark Capital Management Group Inc. boosted its holdings in Fabrinet (NYSE:FN) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 216,629 shares of the technology company’s stock after acquiring an additional 1,325 shares during the quarter. Clark Capital Management Group Inc.’s holdings in Fabrinet were worth $78,987,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wasatch Advisors LP increased its holdings in shares of Fabrinet by 45.1% in the 2nd 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 in the last quarter. Norges Bank bought a new position in shares of Fabrinet during the second quarter valued at $124,046,000. Invesco Ltd. boosted its position in shares of Fabrinet by 446.6% during the second quarter. Invesco Ltd. now owns 511,553 shares of the technology company’s stock valued at $150,744,000 after buying an additional 417,959 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of 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 buying an additional 346,113 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its holdings in Fabrinet by 102.8% in 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 in the last quarter. 97.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on FN. Barclays upped their target price on shares of Fabrinet from $537.00 to $548.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Susquehanna lifted their price target on shares of Fabrinet from $550.00 to $570.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. Rosenblatt Securities reissued a “buy” rating and set a $550.00 price objective on shares of Fabrinet in a report on Tuesday, February 3rd. Northland Securities set a $600.00 price objective on shares of Fabrinet in a research report on Monday, December 22nd. Finally, Wolfe Research upgraded shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 target price on the stock in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Fabrinet has an average rating of “Moderate Buy” and an average price target of $541.25.

Fabrinet Stock Down 2.1%

Fabrinet stock opened at $502.17 on Friday. Fabrinet has a 52-week low of $148.55 and a 52-week high of $632.99. The company has a market cap of $17.99 billion, a P/E ratio of 48.10 and a beta of 1.01. The business has a 50-day simple moving average of $501.54 and a two-hundred day simple moving average of $446.09.

Fabrinet (NYSE:FN) last issued its quarterly earnings data on Monday, February 2nd. The technology company reported $3.36 earnings per share for the quarter, topping the consensus estimate of $3.26 by $0.10. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.61 EPS. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. Research analysts anticipate that Fabrinet will post 9.4 EPS for the current fiscal year.

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.