Bessemer Group Inc. Acquires 2,028 Shares of Fabrinet $FN

Bessemer Group Inc. raised its holdings in Fabrinet (NYSE:FN) by 6.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,480 shares of the technology company’s stock after purchasing an additional 2,028 shares during the period. Bessemer Group Inc. owned 0.09% of Fabrinet worth $16,417,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Balboa Wealth Partners boosted its holdings in Fabrinet by 2.5% in the 4th quarter. Balboa Wealth Partners now owns 863 shares of the technology company’s stock worth $393,000 after buying an additional 21 shares during the period. Richardson Financial Services Inc. raised its holdings in Fabrinet by 12.2% during the 4th quarter. Richardson Financial Services Inc. now owns 211 shares of the technology company’s stock valued at $96,000 after acquiring an additional 23 shares during the period. REAP Financial Group LLC raised its holdings in Fabrinet by 15.7% during the 4th 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 period. Harbour Investments Inc. lifted its position in shares of 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 acquiring an additional 27 shares in the last quarter. Finally, Allworth Financial LP lifted its position in shares of Fabrinet by 7.4% during the fourth quarter. Allworth Financial LP now owns 405 shares of the technology company’s stock worth $184,000 after acquiring an additional 28 shares in the last quarter. Institutional investors own 97.38% of the company’s stock.

Insider Activity

In other news, Director Homa Bahrami sold 2,500 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $711.91, for a total transaction of $1,779,775.00. Following the completion of the transaction, the director 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on FN. JPMorgan Chase & Co. cut their price target on Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Barclays boosted their price objective on Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Northland Securities set a $800.00 price objective on Fabrinet in a report on Monday, April 20th. Rosenblatt Securities raised their target price on Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 target price on shares of Fabrinet in a report on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $661.75.

Fabrinet Stock Performance

Shares of FN stock opened at $476.68 on Friday. Fabrinet has a 52-week low of $272.49 and a 52-week high of $748.89. The company has a market capitalization of $17.08 billion, a PE ratio of 40.95 and a beta of 1.20. The business’s fifty day moving average is $598.02 and its 200 day moving average is $563.20.

Fabrinet (NYSE:FN) last posted its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.14. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The firm’s quarterly revenue was up 39.3% on a year-over-year basis. During the same quarter last year, the company earned $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. On average, sell-side analysts forecast that Fabrinet will post 12.97 EPS for the current fiscal year.

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.