VIRGINIA RETIREMENT SYSTEMS ET Al Boosts Stock Holdings in Fabrinet $FN

VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in shares of Fabrinet (NYSE:FN) by 24.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,949 shares of the technology company’s stock after buying an additional 1,550 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Fabrinet were worth $3,619,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Westend Capital Management LLC purchased a new stake in Fabrinet in the fourth quarter worth approximately $29,000. Root Financial Partners LLC purchased a new stake in Fabrinet in the third quarter worth approximately $34,000. Rakuten Securities Inc. boosted its holdings in Fabrinet by 340.9% in the fourth quarter. Rakuten Securities Inc. now owns 97 shares of the technology company’s stock worth $44,000 after purchasing an additional 75 shares during the last quarter. USA Financial Formulas purchased a new stake in Fabrinet in the fourth quarter worth approximately $49,000. Finally, CI Investments Inc. boosted its holdings in Fabrinet by 40.6% in the third quarter. CI Investments Inc. now owns 149 shares of the technology company’s stock worth $54,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Fabrinet Stock Up 6.6%

Fabrinet stock opened at $742.00 on Friday. The company’s 50-day moving average price is $603.43 and its 200-day moving average price is $519.21. Fabrinet has a twelve month low of $221.63 and a twelve month high of $748.89. The company has a market cap of $26.59 billion, a PE ratio of 63.75 and a beta of 1.22.

Fabrinet (NYSE:FN) last posted its earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share for the quarter, topping analysts’ consensus estimates of $3.58 by $0.14. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the firm posted $2.52 EPS. The business’s quarterly revenue was up 39.3% on a year-over-year basis. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, sell-side analysts expect that Fabrinet will post 12.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FN has been the topic of several analyst reports. Wolfe Research upgraded shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price target on the stock in a research note on Wednesday, February 4th. Needham & Company LLC reiterated a “buy” rating and set a $800.00 price target on shares of Fabrinet in a research note on Tuesday, May 5th. B. Riley Financial raised their price objective on shares of Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Zacks Research upgraded shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Finally, Susquehanna raised their price objective on shares of Fabrinet from $550.00 to $570.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $661.75.

Fabrinet Company 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.