Future Fund LLC Invests $1.84 Million in Fabrinet $FN

Future Fund LLC acquired a new position in shares of Fabrinet (NYSE:FN) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,044 shares of the technology company’s stock, valued at approximately $1,841,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Fabrinet by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 4,135,345 shares of the technology company’s stock worth $1,507,829,000 after purchasing an additional 59,002 shares during the period. Wasatch Advisors LP grew its stake in shares of Fabrinet by 45.1% during the 2nd quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock worth $524,432,000 after purchasing an additional 553,196 shares during the period. Geode Capital Management LLC grew its stake in shares of Fabrinet by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 1,108,813 shares of the technology company’s stock worth $504,886,000 after purchasing an additional 50,708 shares during the period. Invesco Ltd. grew its stake in shares of Fabrinet by 33.3% during the 3rd quarter. Invesco Ltd. now owns 681,850 shares of the technology company’s stock worth $248,616,000 after purchasing an additional 170,297 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Fabrinet by 1.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 646,333 shares of the technology company’s stock worth $235,666,000 after purchasing an additional 10,621 shares during the period. Institutional investors and hedge funds own 97.38% of the company’s stock.

Fabrinet Stock Performance

Fabrinet stock opened at $654.70 on Friday. The company’s fifty day moving average price is $640.33 and its 200 day moving average price is $537.14. Fabrinet has a 1 year low of $224.66 and a 1 year high of $748.89. The stock has a market capitalization of $23.46 billion, a P/E ratio of 56.25 and a beta of 1.22.

Fabrinet (NYSE:FN) last released its quarterly earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.14. The firm had revenue of $1.21 billion for 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%. The firm’s revenue for the quarter was up 39.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Sell-side analysts predict that Fabrinet will post 12.96 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on FN shares. JPMorgan Chase & Co. dropped their price target on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. B. Riley Financial lifted their price target on shares of Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Rosenblatt Securities lifted their price target on shares of Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Barclays lifted their price target on shares of Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings raised shares of Fabrinet from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Fabrinet currently has a consensus rating of “Moderate Buy” and an average price target of $661.75.

Insiders Place Their Bets

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of the firm’s stock in a transaction 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 transaction, the director owned 16,233 shares in the company, valued at approximately $11,556,435.03. This trade represents a 13.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.24% of the company’s stock.

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.