Fabrinet $FN Shares Bought by Munich Reinsurance Co Stock Corp in Munich

Munich Reinsurance Co Stock Corp in Munich lifted its position in Fabrinet (NYSE:FN) by 17.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,396 shares of the technology company’s stock after buying an additional 1,380 shares during the period. Munich Reinsurance Co Stock Corp in Munich’s holdings in Fabrinet were worth $4,340,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of FN. Wasatch Advisors LP raised its stake 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 buying an additional 553,196 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Fabrinet by 226.1% in the 3rd quarter. Alliancebernstein L.P. now owns 499,177 shares of the technology company’s stock worth $182,010,000 after buying an additional 346,113 shares in the last quarter. Holocene Advisors LP bought a new stake in shares of Fabrinet in the 3rd quarter worth $124,847,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Fabrinet by 183.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 333,555 shares of the technology company’s stock worth $121,621,000 after buying an additional 215,903 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Fabrinet by 33.3% in the 3rd quarter. Invesco Ltd. now owns 681,850 shares of the technology company’s stock worth $248,616,000 after buying an additional 170,297 shares in the last quarter. Institutional investors own 97.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FN. Susquehanna boosted their price objective on Fabrinet from $550.00 to $570.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. Weiss Ratings downgraded Fabrinet from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 8th. B. Riley Financial boosted 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. Zacks Research cut Fabrinet from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Finally, JPMorgan Chase & Co. cut Fabrinet from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $530.00 to $700.00 in a report on Thursday, April 16th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $587.50.

Fabrinet Trading Up 4.6%

Shares of FN stock opened at $721.06 on Friday. Fabrinet has a 1-year low of $193.54 and a 1-year high of $734.79. The company has a market capitalization of $25.83 billion, a price-to-earnings ratio of 69.07 and a beta of 1.04. The stock’s fifty day simple moving average is $575.92 and its 200-day simple moving average is $495.21.

Fabrinet (NYSE:FN) last released its quarterly earnings data on Monday, February 2nd. The technology company reported $3.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.26 by $0.10. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Fabrinet had a return on equity of 18.69% and a net margin of 9.69%.The business’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.61 earnings per share. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. On average, sell-side analysts predict that Fabrinet will post 12.8 EPS for the current 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.