Entropy Technologies LP Purchases 6,015 Shares of Fabrinet $FN

Entropy Technologies LP increased its position in shares of Fabrinet (NYSE:FN) by 1,002.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,615 shares of the technology company’s stock after buying an additional 6,015 shares during the period. Entropy Technologies LP’s holdings in Fabrinet were worth $3,012,000 at the end of the most recent quarter.

Other 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 bought a new position in Fabrinet during the fourth quarter worth $29,000. Harbour Investments Inc. raised its stake 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 buying an additional 27 shares during the last quarter. Creative Financial Designs Inc. ADV bought a new position in Fabrinet during the fourth quarter worth $32,000. Finally, Quarry LP raised its stake in Fabrinet by 300.0% during the fourth quarter. Quarry LP now owns 72 shares of the technology company’s stock worth $33,000 after buying an additional 54 shares during the last quarter. Institutional investors own 97.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on FN shares. Weiss Ratings downgraded shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. JPMorgan Chase & Co. lowered their target price on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Northland Securities set a $800.00 target price on shares of Fabrinet in a research note on Monday, April 20th. Fox Advisors downgraded shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research note on Tuesday, May 5th. Finally, Rosenblatt Securities lifted their price target on shares of Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a research note 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 given a Hold rating to the stock. Based on data from MarketBeat, Fabrinet currently has a consensus rating of “Moderate Buy” and a consensus price target of $661.75.

Insiders Place Their Bets

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of Fabrinet stock in a transaction on 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 completion of the sale, the director directly owned 16,233 shares of the company’s stock, 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. Company insiders own 0.24% of the company’s stock.

Fabrinet Trading Down 0.4%

FN opened at $608.68 on Monday. Fabrinet has a 1-year low of $244.24 and a 1-year high of $748.89. The company has a market cap of $21.81 billion, a P/E ratio of 52.29 and a beta of 1.18. The company has a fifty day moving average price of $658.48 and a two-hundred day moving average price of $553.33.

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, beating 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 during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the firm posted $2.52 earnings per share. The business’s 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. On average, research analysts forecast that Fabrinet will post 12.96 EPS for the current fiscal 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.