Kennedy Capital Management LLC Acquires 1,460 Shares of Fabrinet $FN

Kennedy Capital Management LLC grew its holdings in Fabrinet (NYSE:FN) by 5.5% during the 4th quarter, Holdings Channel reports. The fund owned 27,773 shares of the technology company’s stock after buying an additional 1,460 shares during the period. Kennedy Capital Management LLC’s holdings in Fabrinet were worth $12,644,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in FN. Core Wealth Advisors LLC bought a new position in Fabrinet in the fourth quarter worth approximately $25,000. Westend Capital Management LLC bought a new position in Fabrinet in the fourth quarter worth approximately $29,000. Harbour Investments Inc. raised its position in Fabrinet by 75.0% in the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock worth $29,000 after acquiring an additional 27 shares during the period. Creative Financial Designs Inc. ADV bought a new position in Fabrinet in the fourth quarter worth approximately $32,000. Finally, Quarry LP raised its position in Fabrinet by 300.0% in the fourth quarter. Quarry LP now owns 72 shares of the technology company’s stock worth $33,000 after acquiring an additional 54 shares during the period. 97.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FN shares. Needham & Company LLC reiterated a “buy” rating and issued a $800.00 price target on shares of Fabrinet in a research report on Tuesday, May 5th. Barclays increased their price target on shares of Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Rosenblatt Securities increased their price objective on shares of Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Zacks Research raised shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Fabrinet presently has a consensus rating of “Moderate Buy” and a consensus price target of $661.75.

Insiders Place Their Bets

In related news, Director Homa Bahrami sold 2,500 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $711.91, for a total transaction of $1,779,775.00. Following the completion of the transaction, the director directly owned 16,233 shares of the company’s stock, valued at approximately $11,556,435.03. This trade represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.24% of the company’s stock.

Fabrinet Stock Performance

FN opened at $608.68 on Monday. The stock has a market capitalization of $21.81 billion, a price-to-earnings ratio of 52.29 and a beta of 1.18. The company has a fifty day moving average of $658.48 and a 200 day moving average of $553.33. Fabrinet has a fifty-two week low of $244.24 and a fifty-two week high of $748.89.

Fabrinet (NYSE:FN) last posted its earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.14. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. Fabrinet’s quarterly revenue was up 39.3% on a year-over-year basis. During the same period last year, the company posted $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. On average, equities research analysts forecast that Fabrinet will post 12.96 earnings per share 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.