Empirical Financial Services LLC d.b.a. Empirical Wealth Management Purchases Shares of 990 Fabrinet $FN

Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of Fabrinet (NYSE:FN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 990 shares of the technology company’s stock, valued at approximately $451,000.

Other institutional investors have also recently modified their holdings of the company. Divisadero Street Capital Management LP raised its holdings in shares of Fabrinet by 57.4% during the 3rd quarter. Divisadero Street Capital Management LP now owns 56,344 shares of the technology company’s stock valued at $20,544,000 after buying an additional 20,556 shares in the last quarter. Azzad Asset Management Inc. ADV purchased a new stake in Fabrinet in the third quarter worth approximately $1,037,000. Federated Hermes Inc. grew its position in Fabrinet by 105.2% during the third quarter. Federated Hermes Inc. now owns 5,982 shares of the technology company’s stock valued at $2,181,000 after acquiring an additional 3,067 shares during the last quarter. Torray Investment Partners LLC bought a new position in Fabrinet during the third quarter valued at approximately $2,458,000. Finally, Argent Capital Management LLC purchased a new position in shares of Fabrinet during the third quarter worth approximately $4,931,000. 97.38% of the stock is currently owned by institutional investors.

Fabrinet Stock Performance

NYSE:FN opened at $556.22 on Monday. Fabrinet has a fifty-two week low of $148.55 and a fifty-two week high of $632.99. The firm has a market cap of $19.93 billion, a PE ratio of 53.28 and a beta of 1.04. The business has a 50 day moving average price of $520.95 and a 200-day moving average price of $466.32.

Fabrinet (NYSE:FN) last issued its earnings results on Monday, February 2nd. The technology company reported $3.36 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the firm earned $2.61 earnings per share. The firm’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. Research analysts predict that Fabrinet will post 9.4 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FN shares. Northland Securities set a $600.00 price objective on shares of Fabrinet in a report on Monday, December 22nd. Weiss Ratings upgraded shares of Fabrinet from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, March 24th. Zacks Research raised shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Susquehanna upped their price target on shares of Fabrinet from $550.00 to $570.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $550.00 price objective on shares of Fabrinet in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average 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.