Nishkama Capital LLC Invests $9.60 Million in Fabrinet $FN

Key Points

• Nishkama Capital LLC has purchased 48,618 shares of Fabrinet, valued at approximately $9.6 million, making it the firm's 14th largest holding at around 1.0% of its portfolio.
• Investment analysts have favorable views on Fabrinet, with several raising their target prices; notably, B. Riley increased its target from $184 to $220, while Needham & Company set a target of $350, resulting in a consensus rating of “Moderate Buy.”
• Fabrinet reported a quarterly earnings per share of $2.65, exceeding estimates, with a strong revenue increase of 20.8% year-over-year, highlighting its robust performance in the technology sector.

Nishkama Capital LLC bought a new stake in Fabrinet (NYSE:FN - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 48,618 shares of the technology company's stock, valued at approximately $9,603,000. Fabrinet makes up approximately 1.0% of Nishkama Capital LLC's investment portfolio, making the stock its 14th biggest position. Nishkama Capital LLC owned approximately 0.14% of Fabrinet at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of FN. First Trust Advisors LP lifted its holdings in Fabrinet by 96.0% during the fourth quarter. First Trust Advisors LP now owns 2,413 shares of the technology company's stock worth $531,000 after acquiring an additional 1,182 shares during the period. MML Investors Services LLC lifted its holdings in Fabrinet by 11.8% during the fourth quarter. MML Investors Services LLC now owns 16,118 shares of the technology company's stock worth $3,544,000 after acquiring an additional 1,707 shares during the period. T. Rowe Price Investment Management Inc. bought a new stake in Fabrinet during the fourth quarter worth $1,945,000. Voya Investment Management LLC lifted its holdings in Fabrinet by 27.5% during the fourth quarter. Voya Investment Management LLC now owns 24,437 shares of the technology company's stock worth $5,373,000 after acquiring an additional 5,271 shares during the period. Finally, Hancock Whitney Corp lifted its holdings in Fabrinet by 228.6% during the fourth quarter. Hancock Whitney Corp now owns 3,092 shares of the technology company's stock worth $680,000 after acquiring an additional 2,151 shares during the period. 97.38% of the stock is currently owned by institutional investors.

Fabrinet Stock Down 6.8%

NYSE:FN traded down $24.12 during trading hours on Friday, hitting $330.93. 1,004,105 shares of the company's stock traded hands, compared to its average volume of 736,666. The firm has a market cap of $11.82 billion, a P/E ratio of 36.05 and a beta of 1.02. Fabrinet has a 52 week low of $148.55 and a 52 week high of $360.00. The business's fifty day simple moving average is $307.31 and its two-hundred day simple moving average is $245.89.

Fabrinet (NYSE:FN - Get Free Report) last issued its quarterly earnings results on Monday, August 18th. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.02. Fabrinet had a return on equity of 17.77% and a net margin of 9.72%.The firm had revenue of $909.69 million during the quarter, compared to analyst estimates of $880.19 million. During the same quarter in the previous year, the company posted $2.41 earnings per share. The company's revenue was up 20.8% compared to the same quarter last year. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. On average, analysts expect that Fabrinet will post 9.4 EPS for the current year.

Insider Transactions at Fabrinet

In other Fabrinet news, COO Harpal Gill sold 18,675 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $240.00, for a total transaction of $4,482,000.00. Following the transaction, the chief operating officer owned 18,068 shares in the company, valued at approximately $4,336,320. This represents a 50.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.38% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on FN shares. Needham & Company LLC reissued a "buy" rating and issued a $350.00 target price on shares of Fabrinet in a research report on Tuesday, August 19th. Wolfe Research started coverage on Fabrinet in a research report on Tuesday, July 8th. They issued a "peer perform" rating for the company. Barclays raised their target price on Fabrinet from $234.00 to $329.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 19th. B. Riley raised their target price on Fabrinet from $184.00 to $220.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 19th. Finally, JPMorgan Chase & Co. raised Fabrinet from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $318.00 to $345.00 in a research report on Monday. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Fabrinet presently has a consensus rating of "Moderate Buy" and a consensus target price of $312.33.

About Fabrinet

Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing.