Fisher Asset Management LLC Invests $562,000 in Fabrinet $FN

Fisher Asset Management LLC bought a new position in Fabrinet (NYSE:FN) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,540 shares of the technology company’s stock, valued at approximately $562,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Root Financial Partners LLC acquired a new position in shares of Fabrinet in the 3rd quarter valued at $34,000. Elevation Point Wealth Partners LLC purchased a new position in Fabrinet in the 2nd quarter worth about $35,000. First Horizon Advisors Inc. raised its holdings in Fabrinet by 124.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 139 shares of the technology company’s stock worth $41,000 after buying an additional 77 shares during the period. Cullen Frost Bankers Inc. raised its holdings in Fabrinet by 20.4% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 171 shares of the technology company’s stock worth $62,000 after buying an additional 29 shares during the period. Finally, MAI Capital Management lifted its stake in Fabrinet by 86.7% during the second quarter. MAI Capital Management now owns 183 shares of the technology company’s stock valued at $54,000 after buying an additional 85 shares in the last quarter. 97.38% of the stock is owned by institutional investors and hedge funds.

Fabrinet Stock Down 10.1%

Shares of NYSE:FN opened at $489.66 on Friday. The firm has a fifty day moving average of $495.79 and a two-hundred day moving average of $438.28. Fabrinet has a 12-month low of $148.55 and a 12-month high of $632.99. The firm has a market capitalization of $17.54 billion, a P/E ratio of 46.90 and a beta of 1.01.

Fabrinet (NYSE:FN) last posted its quarterly earnings results on Monday, February 2nd. The technology company reported $3.36 earnings per share 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 business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the business posted $2.61 earnings per share. Fabrinet’s revenue for the quarter was up 35.9% compared to the same quarter last year. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. Equities research analysts expect that Fabrinet will post 9.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $540.00 target price on shares of Fabrinet in a report on Tuesday, February 3rd. Wolfe Research upgraded shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price target on the stock in a report on Wednesday, February 4th. Zacks Research upgraded shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. B. Riley Financial raised their price objective on shares of Fabrinet from $366.00 to $452.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Finally, Barclays lifted their price objective on shares of Fabrinet from $537.00 to $548.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $541.25.

Fabrinet Company 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.