American Century Companies Inc. Acquires 146,575 Shares of Fabrinet $FN

Key Points

• American Century Companies Inc. boosted its stake in Fabrinet by 585.8% in Q3, acquiring 146,575 additional shares to hold 171,595 shares (about 0.48% of the company) valued at roughly $62.57 million.
• Fabrinet recently beat quarterly expectations (EPS $3.36 vs. $3.26; revenue up 35.9% year-over-year to $1.13B) and trades near $565.93 with a market cap of about $20.3 billion.
• Institutional ownership is very high (~97.38%), and analysts carry an average rating of "Moderate Buy" with an average price target of $541.25 amid mixed recent upgrades and downgrades.

American Century Companies Inc. increased its holdings in shares of Fabrinet (NYSE:FN - Free Report) by 585.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,595 shares of the technology company's stock after acquiring an additional 146,575 shares during the period. American Century Companies Inc. owned approximately 0.48% of Fabrinet worth $62,568,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Fabrinet in the first quarter worth $203,000. Empowered Funds LLC bought a new position in Fabrinet in the 1st quarter worth about $2,331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Fabrinet by 4.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,444 shares of the technology company's stock valued at $15,691,000 after purchasing an additional 3,717 shares during the last quarter. Bessemer Group Inc. increased its stake in Fabrinet by 33.6% during the 2nd quarter. Bessemer Group Inc. now owns 171 shares of the technology company's stock valued at $50,000 after purchasing an additional 43 shares in the last quarter. Finally, TIAA Trust National Association bought a new stake in Fabrinet during the 2nd quarter valued at about $255,000. 97.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on FN shares. Northland Securities set a $600.00 price target on shares of Fabrinet in a report on Monday, December 22nd. Needham & Company LLC reiterated a "buy" rating and set a $540.00 target price on shares of Fabrinet in a research note on Tuesday, February 3rd. Weiss Ratings lowered Fabrinet from a "buy (b)" rating to a "hold (c+)" rating in a report on Friday, February 13th. B. Riley Financial upped their price target on Fabrinet from $366.00 to $452.00 and gave the company a "neutral" rating in a report on Tuesday, February 3rd. Finally, Susquehanna raised their price target on shares of Fabrinet from $550.00 to $570.00 and gave the company a "positive" rating in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Fabrinet presently has an average rating of "Moderate Buy" and an average price target of $541.25.

Fabrinet Price Performance

Shares of NYSE FN opened at $565.93 on Thursday. The stock has a market cap of $20.28 billion, a PE ratio of 54.21 and a beta of 1.01. Fabrinet has a 1 year low of $148.55 and a 1 year high of $632.99. The firm has a fifty day moving average price of $494.37 and a 200-day moving average price of $435.33.

Fabrinet (NYSE:FN - Get Free Report) last released its earnings results on Monday, February 2nd. The technology company reported $3.36 earnings per share for the quarter, beating 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 for the quarter, compared to analysts' expectations of $1.08 billion. During the same quarter in the previous year, the company 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. On average, research analysts expect that Fabrinet will post 9.4 EPS for the current 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.

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