Alliancebernstein L.P. Purchases 346,113 Shares of Fabrinet $FN

Alliancebernstein L.P. increased its position in shares of Fabrinet (NYSE:FN) by 226.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 499,177 shares of the technology company’s stock after purchasing an additional 346,113 shares during the period. Alliancebernstein L.P. owned approximately 1.39% of Fabrinet worth $182,010,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Fabrinet by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 4,135,345 shares of the technology company’s stock valued at $1,507,829,000 after acquiring an additional 59,002 shares during the period. Wasatch Advisors LP boosted its holdings in shares of Fabrinet by 45.1% in the second quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock valued at $524,432,000 after purchasing an additional 553,196 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Fabrinet by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,051,108 shares of the technology company’s stock worth $309,771,000 after buying an additional 5,114 shares during the period. Invesco Ltd. lifted its holdings in shares of Fabrinet by 33.3% in the 3rd quarter. Invesco Ltd. now owns 681,850 shares of the technology company’s stock worth $248,616,000 after buying an additional 170,297 shares during the period. Finally, Westfield Capital Management Co. LP grew its position in shares of Fabrinet by 102.8% during the 2nd quarter. Westfield Capital Management Co. LP now owns 663,310 shares of the technology company’s stock worth $195,464,000 after buying an additional 336,173 shares in the last quarter. 97.38% of the stock is currently owned by institutional investors.

Fabrinet Price Performance

Shares of FN stock opened at $514.10 on Tuesday. The company has a market cap of $18.42 billion, a price-to-earnings ratio of 49.24 and a beta of 1.01. The stock’s fifty day moving average price is $502.67 and its 200 day moving average price is $448.00. Fabrinet has a 1-year low of $148.55 and a 1-year high of $632.99.

Fabrinet (NYSE:FN) last released its earnings results on Monday, February 2nd. The technology company reported $3.36 EPS for the quarter, topping analysts’ consensus estimates of $3.26 by $0.10. Fabrinet had a net margin of 9.69% and a return on equity of 18.69%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the business earned $2.61 EPS. Fabrinet’s revenue for the quarter was up 35.9% on a year-over-year basis. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. As a group, equities research analysts anticipate that Fabrinet will post 9.4 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on FN. Weiss Ratings lowered shares of Fabrinet from a “buy (b)” rating to a “hold (c+)” rating in a report on Friday, February 13th. Wolfe Research raised shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price objective on the stock in a report on Wednesday, February 4th. Barclays boosted their price objective on shares of Fabrinet from $537.00 to $548.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. Rosenblatt Securities restated a “buy” rating and set a $550.00 target price on shares of Fabrinet in a report on Tuesday, February 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $540.00 target price on shares of Fabrinet in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Fabrinet presently has a consensus rating of “Moderate Buy” and a consensus target price of $541.25.

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.