Concurrent Investment Advisors LLC Has $7.64 Million Stake in Fabrinet $FN

Key Points

• Concurrent Investment Advisors increased its stake in Fabrinet by 783.5% in Q4 and now owns 16,787 shares valued at about $7.64 million, contributing to a stock base that is 97.38% institutionally owned.
• Fabrinet reported a quarterly beat—$3.36 EPS vs. $3.26 expected and revenue of $1.13 billion (up 35.9% YoY)—and set Q3 2026 guidance of 3.45–3.60 EPS.
• Analysts are mixed but generally positive: the consensus is a “Moderate Buy” with an average target of $587.50, while the stock trades near $721 and has targets ranging up to $800.

Concurrent Investment Advisors LLC boosted its holdings in Fabrinet (NYSE:FN - Free Report) by 783.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,787 shares of the technology company's stock after buying an additional 14,887 shares during the period. Concurrent Investment Advisors LLC's holdings in Fabrinet were worth $7,643,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FN. Ashton Thomas Private Wealth LLC bought a new stake in shares of Fabrinet during the 1st quarter valued at $203,000. Empowered Funds LLC acquired a new stake in shares of Fabrinet during the first quarter worth $2,331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Fabrinet by 4.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,444 shares of the technology company's stock worth $15,691,000 after purchasing an additional 3,717 shares during the period. M&T Bank Corp bought a new stake in Fabrinet in the second quarter valued at about $214,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Fabrinet by 574.7% in the second quarter. EverSource Wealth Advisors LLC now owns 533 shares of the technology company's stock valued at $157,000 after purchasing an additional 454 shares during the last quarter. 97.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. cut Fabrinet from an "overweight" rating to a "neutral" rating and raised their target price for the stock from $530.00 to $700.00 in a report on Thursday, April 16th. B. Riley Financial upped their price target on Fabrinet from $366.00 to $452.00 and gave the company a "neutral" rating in a research note on Tuesday, February 3rd. Susquehanna increased 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. Weiss Ratings lowered shares of Fabrinet from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, April 8th. Finally, Northland Securities set a $800.00 target price on shares of Fabrinet in a research note on Monday, April 20th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $587.50.

Fabrinet Price Performance

Shares of Fabrinet stock opened at $721.06 on Monday. The company has a market capitalization of $25.84 billion, a P/E ratio of 69.07 and a beta of 1.04. The business has a 50-day moving average of $575.92 and a two-hundred day moving average of $496.87. Fabrinet has a 1 year low of $193.54 and a 1 year high of $734.79.

Fabrinet (NYSE:FN - Get Free Report) last released its quarterly earnings data on Monday, February 2nd. The technology company reported $3.36 earnings per share for the quarter, beating the consensus estimate of $3.26 by $0.10. Fabrinet had a return on equity of 18.69% and a net margin of 9.69%.The business 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 business posted $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, equities analysts anticipate that Fabrinet will post 12.8 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.

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