Polar Capital Holdings Plc Increases Stock Position in Fabrinet $FN

Polar Capital Holdings Plc increased its position in shares of Fabrinet (NYSE:FN) by 58.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 551,916 shares of the technology company’s stock after buying an additional 204,612 shares during the period. Fabrinet accounts for 1.0% of Polar Capital Holdings Plc’s holdings, making the stock its 23rd biggest position. Polar Capital Holdings Plc owned about 1.54% of Fabrinet worth $251,276,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FN. Styrax Capital LP purchased a new position in Fabrinet during the fourth quarter valued at $51,427,000. Silvant Capital Management LLC lifted its holdings in Fabrinet by 1.6% during the fourth quarter. Silvant Capital Management LLC now owns 8,725 shares of the technology company’s stock valued at $3,972,000 after purchasing an additional 140 shares in the last quarter. Truvestments Capital LLC lifted its holdings in Fabrinet by 1.9% during the fourth quarter. Truvestments Capital LLC now owns 2,009 shares of the technology company’s stock valued at $915,000 after purchasing an additional 38 shares in the last quarter. MML Investors Services LLC lifted its holdings in Fabrinet by 6.3% during the fourth quarter. MML Investors Services LLC now owns 11,913 shares of the technology company’s stock valued at $5,424,000 after purchasing an additional 708 shares in the last quarter. Finally, Mariner LLC lifted its holdings in Fabrinet by 15.5% during the fourth quarter. Mariner LLC now owns 7,501 shares of the technology company’s stock valued at $3,416,000 after purchasing an additional 1,007 shares in the last quarter. 97.38% of the stock is owned by hedge funds and other institutional investors.

Fabrinet Trading Down 7.5%

NYSE:FN opened at $587.73 on Wednesday. The company’s 50-day moving average price is $660.68 and its 200-day moving average price is $555.75. The company has a market cap of $21.06 billion, a P/E ratio of 50.49 and a beta of 1.17. Fabrinet has a twelve month low of $255.95 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. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the firm posted $2.52 earnings per share. The company’s revenue for the quarter was up 39.3% on a year-over-year basis. 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.

Insider Buying and Selling

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of Fabrinet stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $711.91, for a total transaction of $1,779,775.00. Following the transaction, the director directly owned 16,233 shares of the company’s stock, valued at $11,556,435.03. The trade was a 13.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.24% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on FN shares. JPMorgan Chase & Co. decreased their price objective 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. Zacks Research raised shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Fox Advisors downgraded shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. Barclays raised their price target on shares of Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $800.00 price target on shares of Fabrinet in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.