WCM Investment Management LLC Purchases New Shares in Fabrinet $FN

WCM Investment Management LLC acquired a new stake in shares of Fabrinet (NYSE:FN) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 27,420 shares of the technology company’s stock, valued at approximately $13,487,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Fabrinet by 163.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,041,227 shares of the technology company’s stock worth $1,839,891,000 after buying an additional 2,504,841 shares during the last quarter. Wasatch Advisors LP lifted its holdings 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 valued at $524,432,000 after acquiring an additional 553,196 shares during the last quarter. Norges Bank bought a new position in shares of Fabrinet in the 4th quarter valued at about $193,766,000. JPMorgan Chase & Co. grew its position in Fabrinet by 64.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,065,414 shares of the technology company’s stock worth $485,063,000 after acquiring an additional 419,081 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Fabrinet by 183.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 333,555 shares of the technology company’s stock worth $121,621,000 after acquiring an additional 215,903 shares in the last quarter. 97.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Zacks Research downgraded Fabrinet from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Fox Advisors cut Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. Rosenblatt Securities boosted their target price on Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Barclays boosted their target price on Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. decreased their price target on Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $661.75.

Fabrinet Trading Up 3.3%

Shares of NYSE:FN opened at $494.20 on Tuesday. The company has a market capitalization of $17.71 billion, a price-to-earnings ratio of 42.46 and a beta of 1.20. Fabrinet has a 12 month low of $272.49 and a 12 month high of $748.89. The firm’s 50-day moving average is $594.90 and its 200 day moving average is $564.08.

Fabrinet (NYSE:FN) last announced its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 earnings per share (EPS) 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 business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the firm earned $2.52 earnings per share. The firm’s quarterly revenue was up 39.3% compared to the same quarter last year. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, equities analysts forecast that Fabrinet will post 12.97 EPS for the current fiscal year.

Insider Activity at Fabrinet

In other news, Director Homa Bahrami sold 2,500 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $711.91, for a total value of $1,779,775.00. Following the sale, the director directly owned 16,233 shares in the company, valued at approximately $11,556,435.03. This represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.24% of the company’s stock.

Fabrinet 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.