Bowen Hanes & Co. Inc. Invests $22.76 Million in Fabrinet $FN

Bowen Hanes & Co. Inc. acquired a new position in Fabrinet (NYSE:FN) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 50,000 shares of the technology company’s stock, valued at approximately $22,764,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FN. Core Wealth Advisors LLC acquired a new stake in shares of Fabrinet in the fourth quarter worth $25,000. Westend Capital Management LLC acquired a new stake in shares of Fabrinet in the fourth quarter worth $29,000. Harbour Investments Inc. grew its position in Fabrinet by 75.0% during the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after buying an additional 27 shares during the period. Creative Financial Designs Inc. ADV acquired a new stake in Fabrinet during the fourth quarter valued at $32,000. Finally, Rakuten Securities Inc. grew its position in Fabrinet by 340.9% during the fourth quarter. Rakuten Securities Inc. now owns 97 shares of the technology company’s stock valued at $44,000 after buying an additional 75 shares during the period. Institutional investors and hedge funds own 97.38% of the company’s stock.

Fabrinet Trading Up 3.1%

NYSE:FN opened at $723.11 on Thursday. The company’s 50-day moving average price is $649.44 and its 200-day moving average price is $542.93. The company has a market cap of $25.91 billion, a P/E ratio of 62.12 and a beta of 1.17. Fabrinet has a twelve month low of $231.51 and a twelve month high of $748.89.

Fabrinet (NYSE:FN) last posted 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. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The company’s revenue for the quarter was up 39.3% on a year-over-year basis. During the same period last year, the firm posted $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. On average, analysts expect that Fabrinet will post 12.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on FN shares. Barclays raised their price target on shares of Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. 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 report on Tuesday, May 5th. Needham & Company LLC restated a “buy” rating and set a $800.00 price target on shares of Fabrinet in a research report on Tuesday, May 5th. Wolfe Research upgraded shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price target on the stock in a research report on Wednesday, February 4th. Finally, Northland Securities set a $800.00 price target on shares of Fabrinet in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $661.75.

Insider Buying and Selling at Fabrinet

In other news, Director Homa Bahrami sold 2,500 shares of the firm’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 transaction, the director directly owned 16,233 shares of the company’s stock, valued at approximately $11,556,435.03. This trade represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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.