Fabrinet $FN Shares Acquired by Teachers Retirement System of The State of Kentucky

Key Points

• Teachers Retirement System of The State of Kentucky increased its stake in Fabrinet by 20% to 13,678 shares, which were worth $4.987 million at the end of the quarter.
• Fabrinet beat estimates with Q reported EPS of $3.36 (vs. $3.26 est.) and revenue of $1.13B (up 35.9% YoY), and set Q3 2026 guidance of $3.45–$3.60 while analysts' consensus rates the stock a "Moderate Buy" with an average target of $541.25.
• Shares opened at $565.93 (near a 52‑week high of $632.99), the company has a market cap of $20.28 billion, and institutional ownership stands at about 97.38%.

Teachers Retirement System of The State of Kentucky increased its position in shares of Fabrinet (NYSE:FN - Free Report) by 20.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,678 shares of the technology company's stock after purchasing an additional 2,284 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Fabrinet were worth $4,987,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC purchased a new position in shares of Fabrinet in the 3rd quarter valued at about $34,000. Elevation Point Wealth Partners LLC acquired a new position in Fabrinet in the second quarter valued at approximately $35,000. First Horizon Advisors Inc. increased its stake in Fabrinet by 124.2% in the second quarter. First Horizon Advisors Inc. now owns 139 shares of the technology company's stock valued at $41,000 after purchasing an additional 77 shares during the last quarter. CI Investments Inc. raised its holdings in Fabrinet by 40.6% during the third quarter. CI Investments Inc. now owns 149 shares of the technology company's stock worth $54,000 after purchasing an additional 43 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in Fabrinet by 33.6% during the second quarter. Bessemer Group Inc. now owns 171 shares of the technology company's stock worth $50,000 after purchasing an additional 43 shares in the last quarter. 97.38% of the stock is owned by hedge funds and other institutional investors.

Fabrinet Stock Up 2.3%

NYSE FN opened at $565.93 on Thursday. Fabrinet has a 52-week low of $148.55 and a 52-week high of $632.99. The business's 50-day moving average price is $494.37 and its 200 day moving average price is $435.33. The firm has a market cap of $20.28 billion, a P/E ratio of 54.21 and a beta of 1.01.

Fabrinet (NYSE:FN - Get Free Report) last posted its quarterly earnings data on Monday, February 2nd. The technology company reported $3.36 EPS 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 firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the business earned $2.61 EPS. The firm's revenue was up 35.9% compared to the same quarter last year. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. As a group, analysts anticipate that Fabrinet will post 9.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FN. Susquehanna increased their target price 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. Zacks Research upgraded shares of Fabrinet from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 5th. B. Riley Financial lifted their target price on Fabrinet from $366.00 to $452.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 3rd. Rosenblatt Securities reissued a "buy" rating and issued a $550.00 target price on shares of Fabrinet in a report on Tuesday, February 3rd. Finally, Wolfe Research upgraded Fabrinet from a "peer perform" rating to an "outperform" rating and set a $540.00 price target on the stock in a research note on Wednesday, February 4th. 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.com, the stock presently has an average rating of "Moderate Buy" and an average price target 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.

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