Fabrinet $FN Shares Acquired by Polar Asset Management Partners Inc.

Key Points

• Polar Asset Management Partners Inc. increased its stake in Fabrinet by 94.4% during the first quarter, acquiring an additional 14,450 shares, for a total holding of 29,750 shares valued at approximately $5.88 million.
• Fabrinet reported earnings of $2.65 per share for the recent quarter, surpassing analyst estimates, while its revenue increased by 20.8% year-over-year to $909.69 million.
• Fabrinet's market cap stands at $13.21 billion, with shares currently trading at about $369.60, near its fifty-two week high of $377.56.

Polar Asset Management Partners Inc. raised its holdings in shares of Fabrinet (NYSE:FN - Free Report) by 94.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,750 shares of the technology company's stock after acquiring an additional 14,450 shares during the quarter. Polar Asset Management Partners Inc. owned approximately 0.08% of Fabrinet worth $5,876,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise purchased a new position in Fabrinet during the 1st quarter valued at about $29,000. Berbice Capital Management LLC acquired a new stake in shares of Fabrinet during the 1st quarter worth about $30,000. Wayfinding Financial LLC acquired a new stake in shares of Fabrinet during the 1st quarter worth about $30,000. Private Trust Co. NA boosted its stake in shares of Fabrinet by 44.3% during the 1st quarter. Private Trust Co. NA now owns 166 shares of the technology company's stock worth $33,000 after purchasing an additional 51 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its stake in shares of Fabrinet by 93.5% during the 1st quarter. SBI Securities Co. Ltd. now owns 180 shares of the technology company's stock worth $36,000 after purchasing an additional 87 shares during the last quarter. 97.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fabrinet

In other Fabrinet news, COO Harpal Gill sold 14,203 shares of Fabrinet stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $355.15, for a total transaction of $5,044,195.45. Following the transaction, the chief operating officer directly owned 13,983 shares of the company's stock, valued at $4,966,062.45. The trade was a 50.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Seamus Grady sold 9,513 shares of Fabrinet stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $329.52, for a total transaction of $3,134,723.76. Following the transaction, the chief executive officer directly owned 46,024 shares in the company, valued at approximately $15,165,828.48. This trade represents a 17.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,049 shares of company stock valued at $9,360,401 over the last ninety days. Corporate insiders own 0.38% of the company's stock.

Fabrinet Stock Down 1.0%

Shares of FN traded down $3.67 during mid-day trading on Thursday, hitting $368.90. The company had a trading volume of 215,221 shares, compared to its average volume of 731,024. The business's 50-day simple moving average is $319.52 and its 200-day simple moving average is $253.93. Fabrinet has a 1-year low of $148.55 and a 1-year high of $380.01. The stock has a market cap of $13.18 billion, a PE ratio of 40.17 and a beta of 1.08.

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FN. JPMorgan Chase & Co. raised shares of Fabrinet from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $318.00 to $345.00 in a research note on Monday, August 25th. Barclays raised their price target on shares of Fabrinet from $234.00 to $329.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 19th. Needham & Company LLC reaffirmed a "buy" rating and set a $350.00 price target on shares of Fabrinet in a research note on Tuesday, August 19th. Zacks Research cut shares of Fabrinet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 28th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $360.00 target price on shares of Fabrinet in a research report on Tuesday, August 19th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Fabrinet presently has a consensus rating of "Moderate Buy" and an average target price of $312.33.

Fabrinet Profile

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.