NS Partners Ltd Takes $1.61 Million Position in Fabrinet $FN

Key Points

• NS Partners Ltd. acquired 2,861 Fabrinet shares worth approximately $1.61 million in the second quarter, while institutional investors collectively own 97.38% of the company.
• Fabrinet reported quarterly EPS of $4.10, beating estimates of $3.81, and revenue of $1.32 billion, up 44.6% year over year and above expectations.
• Fabrinet shares opened at $412.64, well below their 52-week high of $748.89. Analysts maintain a “Moderate Buy” consensus with an average price target of $649.50.

NS Partners Ltd bought a new position in shares of Fabrinet (NYSE:FN - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,861 shares of the technology company's stock, valued at approximately $1,608,000.

Several other institutional investors and hedge funds also recently made changes to their positions in FN. Core Wealth Advisors LLC acquired a new position in Fabrinet in the 4th quarter worth $25,000. Harbour Investments Inc. lifted its holdings in shares of Fabrinet by 75.0% in the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company's stock valued at $29,000 after purchasing an additional 27 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in shares of Fabrinet during the first quarter worth about $31,000. Creative Financial Designs Inc. ADV bought a new position in shares of Fabrinet during the fourth quarter worth about $32,000. Finally, Quarry LP grew its holdings in shares of Fabrinet by 300.0% during the fourth quarter. Quarry LP now owns 72 shares of the technology company's stock worth $33,000 after buying an additional 54 shares in the last quarter. Institutional investors and hedge funds own 97.38% of the company's stock.

Fabrinet Stock Performance

Shares of Fabrinet stock opened at $412.64 on Tuesday. The firm has a 50-day moving average of $495.12 and a 200-day moving average of $566.50. Fabrinet has a 52-week low of $313.00 and a 52-week high of $748.89. The stock has a market cap of $14.78 billion, a PE ratio of 31.62 and a beta of 1.23.

Fabrinet (NYSE:FN - Get Free Report) last announced its earnings results on Monday, August 17th. The technology company reported $4.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.81 by $0.29. Fabrinet had a net margin of 10.19% and a return on equity of 21.23%. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the business posted $2.65 EPS. The business's revenue was up 44.6% compared to the same quarter last year. Fabrinet has set its Q1 2027 guidance at 4.100-4.250 EPS. Equities research analysts predict that Fabrinet will post 17.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FN. Fox Advisors upgraded shares of Fabrinet from an "equal weight" rating to an "overweight" rating in a report on Wednesday, August 19th. Wall Street Zen downgraded Fabrinet from a "buy" rating to a "hold" rating in a research report on Monday, July 20th. Weiss Ratings upgraded Fabrinet from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, August 26th. Zacks Research downgraded Fabrinet from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 15th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $650.00 price objective on shares of Fabrinet in a report on Tuesday, August 18th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Fabrinet presently has an average rating of "Moderate Buy" and an average target price of $649.50.

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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