1,327 Shares in Fabrinet $FN Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd acquired a new stake in Fabrinet (NYSE:FN) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,327 shares of the technology company’s stock, valued at approximately $604,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Westfield Capital Management Co. LP lifted its holdings in shares of Fabrinet by 16.7% during the 4th quarter. Westfield Capital Management Co. LP now owns 190,170 shares of the technology company’s stock valued at $86,581,000 after buying an additional 27,168 shares during the period. Vise Technologies Inc. increased its stake in shares of Fabrinet by 32.3% in the 4th quarter. Vise Technologies Inc. now owns 1,604 shares of the technology company’s stock worth $730,000 after purchasing an additional 392 shares in the last quarter. Globeflex Capital L P purchased a new stake in Fabrinet in the 4th quarter worth $166,000. State of Wyoming increased its stake in Fabrinet by 5.9% in the 4th quarter. State of Wyoming now owns 3,094 shares of the technology company’s stock worth $1,409,000 after buying an additional 171 shares in the last quarter. Finally, Bowen Hanes & Co. Inc. purchased a new position in shares of Fabrinet during the fourth quarter valued at about $22,764,000. 97.38% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of the 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 in the company, valued at approximately $11,556,435.03. This represents a 13.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.24% of the company’s stock.

Fabrinet Stock Down 13.0%

FN opened at $622.08 on Friday. Fabrinet has a twelve month low of $231.51 and a twelve month high of $748.89. The company has a 50-day moving average price of $651.98 and a 200 day moving average price of $545.63. The company has a market cap of $22.29 billion, a PE ratio of 53.44 and a beta of 1.17.

Fabrinet (NYSE:FN) last released its quarterly earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the firm earned $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, sell-side analysts expect that Fabrinet will post 12.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on FN shares. Northland Securities set a $800.00 price objective on shares of Fabrinet in a research note on Monday, April 20th. Zacks Research raised shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $800.00 price target on shares of Fabrinet in a report on Tuesday, May 5th. Weiss Ratings lowered Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. 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’s stock. According to data from MarketBeat.com, the stock has a consensus 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.