Polar Asset Management Partners Inc. Purchases New Shares in Fabrinet $FN

Polar Asset Management Partners Inc. acquired a new stake in shares of Fabrinet (NYSE:FN) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,685 shares of the technology company’s stock, valued at approximately $2,965,000.

Other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its stake 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 acquiring an additional 2,504,841 shares in the last quarter. Wasatch Advisors LP lifted its position in shares of Fabrinet by 45.1% during the second quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock valued at $524,432,000 after purchasing an additional 553,196 shares in the last quarter. Norges Bank purchased a new position in Fabrinet during the fourth quarter worth about $193,766,000. JPMorgan Chase & Co. boosted its holdings in Fabrinet by 64.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,065,414 shares of the technology company’s stock worth $485,063,000 after purchasing an additional 419,081 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Fabrinet by 183.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 333,555 shares of the technology company’s stock worth $121,621,000 after purchasing an additional 215,903 shares in the last quarter. 97.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Fabrinet

In other news, Director Homa Bahrami sold 2,500 shares of the stock in a transaction on Friday, May 22nd. The stock was 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 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 can be accessed through this hyperlink. 0.24% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wall Street Zen lowered shares of Fabrinet from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Northland Securities set a $800.00 target price on Fabrinet in a report on Monday, April 20th. Weiss Ratings downgraded Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 30th. Rosenblatt Securities lifted their price target on Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Finally, Fox Advisors lowered Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Fabrinet presently has a consensus rating of “Moderate Buy” and an average target price of $643.00.

Fabrinet Trading Down 0.9%

NYSE:FN opened at $471.75 on Tuesday. The stock has a market capitalization of $16.90 billion, a PE ratio of 40.53 and a beta of 1.20. The firm’s 50 day moving average is $575.08 and its 200 day moving average is $565.35. Fabrinet has a 12 month low of $272.49 and a 12 month high of $748.89.

Fabrinet (NYSE:FN) last announced its quarterly earnings data 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. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the company earned $2.52 earnings per share. Fabrinet’s 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. Research analysts predict that Fabrinet will post 12.97 earnings per share for the current year.

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.