Dorsey Wright & Associates Takes Position in Fabrinet $FN

Dorsey Wright & Associates bought a new position in Fabrinet (NYSE:FN) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 16,336 shares of the technology company’s stock, valued at approximately $8,520,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FN. Swedbank AB bought a new position in Fabrinet during the 4th quarter worth about $5,372,000. M&T Bank Corp lifted its holdings in shares of Fabrinet by 196.5% in the fourth quarter. M&T Bank Corp now owns 2,345 shares of the technology company’s stock valued at $1,068,000 after purchasing an additional 1,554 shares in the last quarter. JSF Financial LLC bought a new position in shares of Fabrinet during the fourth quarter worth about $957,000. Principal Financial Group Inc. grew its holdings in shares of Fabrinet by 4.0% during the fourth quarter. Principal Financial Group Inc. now owns 187,883 shares of the technology company’s stock worth $85,539,000 after buying an additional 7,233 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Fabrinet by 117.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,979 shares of the technology company’s stock valued at $3,633,000 after buying an additional 4,314 shares during the last quarter. 97.38% of the stock is owned by institutional investors.

Fabrinet Stock Performance

NYSE FN opened at $476.68 on Friday. The stock has a market cap of $17.08 billion, a PE ratio of 40.95 and a beta of 1.20. The firm has a 50-day moving average of $598.02 and a 200-day moving average of $563.20. Fabrinet has a 52-week low of $272.49 and a 52-week high of $748.89.

Fabrinet (NYSE:FN) last issued its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 EPS for the quarter, beating analysts’ consensus estimates of $3.58 by $0.14. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the firm posted $2.52 EPS. The company’s revenue for the quarter 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, analysts predict that Fabrinet will post 12.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $711.91, for a total value of $1,779,775.00. Following the completion of the sale, the director owned 16,233 shares of the company’s stock, valued at $11,556,435.03. The trade was a 13.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.24% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Northland Securities set a $800.00 target price on shares of Fabrinet in a report on Monday, April 20th. Needham & Company LLC reissued a “buy” rating and set a $800.00 price target on shares of Fabrinet in a research report on Tuesday, May 5th. Rosenblatt Securities boosted their price target on shares of Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. 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. Finally, Barclays upped their target price on Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $661.75.

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.