Westfield Capital Management Co. LP Buys 27,168 Shares of Fabrinet $FN

Westfield Capital Management Co. LP increased its stake in shares of Fabrinet (NYSE:FN) by 16.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 190,170 shares of the technology company’s stock after acquiring an additional 27,168 shares during the quarter. Westfield Capital Management Co. LP owned about 0.53% of Fabrinet worth $86,581,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Core Wealth Advisors LLC bought a new position in Fabrinet during the fourth quarter worth $25,000. Westend Capital Management LLC acquired a new position in shares of Fabrinet in the fourth quarter valued at $29,000. Harbour Investments Inc. raised its stake in shares of Fabrinet by 75.0% in the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after purchasing an additional 27 shares in the last quarter. Creative Financial Designs Inc. ADV acquired a new position in shares of Fabrinet in the fourth quarter valued at $32,000. Finally, Rakuten Securities Inc. raised its stake in shares of Fabrinet by 340.9% in the fourth quarter. Rakuten Securities Inc. now owns 97 shares of the technology company’s stock valued at $44,000 after purchasing an additional 75 shares in the last quarter. Institutional investors own 97.38% of the company’s stock.

Fabrinet Price Performance

Shares of Fabrinet stock opened at $719.28 on Friday. The company’s fifty day moving average price is $651.77 and its two-hundred day moving average price is $545.09. Fabrinet has a 52-week low of $231.51 and a 52-week high of $748.89. The firm has a market capitalization of $25.77 billion, a PE ratio of 61.79 and a beta of 1.17.

Fabrinet (NYSE:FN) last posted its 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 business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the firm earned $2.52 EPS. 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. Analysts predict that Fabrinet will post 12.96 earnings per share for the current fiscal year.

Insider Buying and Selling at Fabrinet

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

Wall Street Analyst Weigh In

FN has been the topic of several analyst reports. Barclays boosted their price target on shares of Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Zacks Research raised shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Weiss Ratings lowered shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. JPMorgan Chase & Co. lowered their price target 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. Finally, Fox Advisors lowered shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Fabrinet has an average rating of “Moderate Buy” and an average target price of $661.75.

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.