Fabrinet $FN Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in shares of Fabrinet (NYSE:FN) by 64.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,065,414 shares of the technology company’s stock after buying an additional 419,081 shares during the period. JPMorgan Chase & Co. owned approximately 2.97% of Fabrinet worth $485,063,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several brokerages recently commented on FN. Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. dropped their target price on Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Rosenblatt Securities boosted their target price on Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Fox Advisors cut Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. Finally, Northland Securities set a $800.00 target price on Fabrinet in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Fabrinet currently has a consensus rating of “Moderate Buy” and a consensus target price of $661.75.

Fabrinet Stock Down 1.4%

FN opened at $577.99 on Thursday. The firm has a market cap of $20.71 billion, a PE ratio of 49.66 and a beta of 1.17. The business has a fifty day simple moving average of $655.81 and a 200-day simple moving average of $550.61. Fabrinet has a fifty-two week low of $236.85 and a fifty-two week high of $748.89.

Fabrinet (NYSE:FN) last released its quarterly earnings data 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 business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The company’s revenue was up 39.3% compared to the same quarter last year. During the same period last year, the company posted $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. On average, equities research analysts anticipate that Fabrinet will post 12.96 EPS for the current fiscal year.

Insider Buying and Selling at Fabrinet

In other 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 transaction of $1,779,775.00. Following the completion of the sale, the director directly owned 16,233 shares of the company’s stock, valued at $11,556,435.03. This trade represents a 13.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.24% of the stock is currently owned by corporate insiders.

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.