SG Americas Securities LLC Purchases 4,478 Shares of Fabrinet $FN

SG Americas Securities LLC raised its holdings in shares of Fabrinet (NYSE:FN) by 57.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,256 shares of the technology company’s stock after buying an additional 4,478 shares during the period. SG Americas Securities LLC’s holdings in Fabrinet were worth $6,392,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Core Wealth Advisors LLC purchased a new stake in Fabrinet in the fourth quarter worth $25,000. Westend Capital Management LLC purchased a new position in Fabrinet in the 4th quarter worth about $29,000. Harbour Investments Inc. increased its stake in Fabrinet by 75.0% in the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock worth $29,000 after buying an additional 27 shares during the period. Creative Financial Designs Inc. ADV bought a new stake in Fabrinet during the 4th quarter valued at about $32,000. Finally, Quarry LP boosted its position in Fabrinet by 300.0% in the 4th quarter. Quarry LP now owns 72 shares of the technology company’s stock valued at $33,000 after buying an additional 54 shares during the period. 97.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on FN shares. Weiss Ratings raised Fabrinet from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, June 15th. Needham & Company LLC reiterated a “buy” rating and issued a $800.00 target price on shares of Fabrinet in a report on Tuesday, May 5th. JPMorgan Chase & Co. dropped their price target on Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Northland Securities set a $800.00 price objective on Fabrinet in a report on Monday, April 20th. Finally, Rosenblatt Securities increased their target price on shares of Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $661.75.

Insider Buying and Selling

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

Fabrinet Price Performance

Shares of FN stock opened at $527.65 on Monday. The firm has a market capitalization of $18.91 billion, a price-to-earnings ratio of 45.33 and a beta of 1.18. The business has a fifty day moving average of $651.37 and a 200 day moving average of $562.15. Fabrinet has a 1 year low of $272.49 and a 1 year high of $748.89.

Fabrinet (NYSE:FN) last announced its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.14. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The company’s revenue for the quarter was up 39.3% compared to the same quarter last year. During the same period last year, the business posted $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, equities research analysts expect that Fabrinet will post 12.95 earnings per share for the current year.

About Fabrinet

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.