One Capital Management LLC Buys Shares of 4,066 Fabrinet $FN

One Capital Management LLC bought a new stake in shares of Fabrinet (NYSE:FN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,066 shares of the technology company’s stock, valued at approximately $1,851,000.

Several other institutional investors also recently bought and sold shares of FN. Wasatch Advisors LP raised its holdings in Fabrinet by 45.1% during the second quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock valued at $524,432,000 after buying an additional 553,196 shares in the last quarter. Norges Bank bought a new position in Fabrinet during the fourth quarter valued at about $193,766,000. Alliancebernstein L.P. raised its holdings in Fabrinet by 226.1% during the third quarter. Alliancebernstein L.P. now owns 499,177 shares of the technology company’s stock valued at $182,010,000 after buying an additional 346,113 shares in the last quarter. Holocene Advisors LP bought a new position in Fabrinet during the third quarter valued at about $124,847,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Fabrinet by 183.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 333,555 shares of the technology company’s stock valued at $121,621,000 after buying an additional 215,903 shares in the last quarter. 97.38% of the stock is currently owned by institutional investors.

Insider Activity at Fabrinet

In other news, Director Homa Bahrami sold 2,500 shares of Fabrinet stock in a transaction dated Friday, May 22nd. The stock was 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 in the company, valued at approximately $11,556,435.03. The trade was a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on FN shares. Fox Advisors lowered Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. Needham & Company LLC restated a “buy” rating and set a $800.00 target price on shares of Fabrinet in a report on Tuesday, May 5th. Weiss Ratings lowered Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. JPMorgan Chase & Co. cut 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. Finally, Wolfe Research upgraded Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price objective on the stock in a research note on Wednesday, February 4th. One 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $661.75.

Fabrinet Stock Performance

Fabrinet stock opened at $723.11 on Thursday. The business’s 50-day simple moving average is $649.44 and its 200-day simple moving average is $542.93. The firm has a market capitalization of $25.91 billion, a PE ratio of 62.12 and a beta of 1.17. Fabrinet has a 52 week low of $231.51 and a 52 week high of $748.89.

Fabrinet (NYSE:FN) last posted its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $3.58 by $0.14. The business had revenue of $1.21 billion for 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 firm’s revenue for the quarter was up 39.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Research analysts forecast that Fabrinet will post 12.96 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.