NS Partners Ltd Takes Position in Fabrinet $FN

NS Partners Ltd purchased a new stake in Fabrinet (NYSE:FN) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,861 shares of the technology company’s stock, valued at approximately $1,608,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FN. Glenmede Trust Co. NA boosted its stake in shares of Fabrinet by 1.7% in the 1st quarter. Glenmede Trust Co. NA now owns 1,168 shares of the technology company’s stock valued at $609,000 after purchasing an additional 19 shares during the last quarter. REAP Financial Group LLC boosted its position in Fabrinet by 15.7% during the fourth quarter. REAP Financial Group LLC now owns 192 shares of the technology company’s stock valued at $87,000 after acquiring an additional 26 shares during the last quarter. Harbour Investments Inc. boosted its position in Fabrinet by 75.0% during the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after acquiring an additional 27 shares during the last quarter. Allworth Financial LP grew its holdings in Fabrinet by 7.4% during the 4th quarter. Allworth Financial LP now owns 405 shares of the technology company’s stock worth $184,000 after acquiring an additional 28 shares during the period. Finally, Evergreen Capital Management LLC grew its holdings in Fabrinet by 1.0% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,032 shares of the technology company’s stock worth $893,000 after acquiring an additional 31 shares during the period. 97.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FN has been the subject of a number of research analyst reports. Zacks Research downgraded Fabrinet from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Needham & Company LLC reiterated a “buy” rating and set a $650.00 target price on shares of Fabrinet in a research report on Tuesday, August 18th. Fox Advisors upgraded shares of Fabrinet from an “equal weight” rating to an “overweight” rating in a report on Wednesday, August 19th. Weiss Ratings raised shares of Fabrinet from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, August 26th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Fabrinet from $680.00 to $695.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 18th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Fabrinet currently has an average rating of “Moderate Buy” and a consensus price target of $649.50.

Fabrinet Price Performance

Shares of NYSE FN opened at $412.64 on Tuesday. The stock has a market capitalization of $14.78 billion, a P/E ratio of 31.62 and a beta of 1.23. The company has a 50-day moving average price of $495.12 and a 200-day moving average price of $566.50. Fabrinet has a 1 year low of $313.00 and a 1 year high of $748.89.

Fabrinet (NYSE:FN) last issued its quarterly earnings data on Monday, August 17th. The technology company reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $3.81 by $0.29. Fabrinet had a return on equity of 21.23% and a net margin of 10.19%.The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the company posted $2.65 EPS. The company’s revenue for the quarter was up 44.6% on a year-over-year basis. Fabrinet has set its Q1 2027 guidance at 4.100-4.250 EPS. As a group, equities research analysts anticipate that Fabrinet will post 17.5 earnings per share 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.