Quantitative Investment Management LLC Makes New Investment in Fabrinet $FN

Key Points

• Quantitative Investment Management bought 3,319 Fabrinet shares in the second quarter, valued at approximately $1.865 million. Other institutional investors also increased or initiated positions, with institutions collectively owning 97.38% of the company.
• Analysts remain broadly positive, with seven Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $649.50.
• Fabrinet reported quarterly EPS of $4.10, exceeding the $3.81 estimate, while revenue rose 44.6% year over year to $1.32 billion. Shares opened at $412.64, well below their 52-week high of $748.89.

Quantitative Investment Management LLC bought a new stake in Fabrinet (NYSE:FN - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,319 shares of the technology company's stock, valued at approximately $1,865,000.

A number of other large investors also recently made changes to their positions in FN. Great Lakes Advisors LLC bought a new stake in shares of Fabrinet in the second quarter valued at about $3,024,000. Swedbank AB acquired a new position in shares of Fabrinet in the fourth quarter valued at about $5,372,000. JSF Financial LLC bought a new position in Fabrinet during the fourth quarter worth about $957,000. California State Teachers Retirement System raised its stake in Fabrinet by 23.0% in the 1st quarter. California State Teachers Retirement System now owns 41,747 shares of the technology company's stock worth $21,772,000 after purchasing an additional 7,819 shares in the last quarter. Finally, Sei Investments Co. raised its stake in Fabrinet by 22.0% in the 1st quarter. Sei Investments Co. now owns 89,843 shares of the technology company's stock worth $46,854,000 after purchasing an additional 16,218 shares in the last quarter. Institutional investors own 97.38% of the company's stock.

Wall Street Analysts Forecast Growth

FN has been the topic of a number of analyst reports. Fox Advisors upgraded shares of Fabrinet from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, August 19th. JPMorgan Chase & Co. lifted their price target on shares of Fabrinet from $680.00 to $695.00 and gave the company a "neutral" rating in a research report on Tuesday, August 18th. Weiss Ratings upgraded Fabrinet from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, August 26th. Barclays increased their price target on Fabrinet from $702.00 to $739.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 18th. Finally, Wall Street Zen cut Fabrinet from a "buy" rating to a "hold" rating in a report on Monday, July 20th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $649.50.

Fabrinet Price Performance

Shares of FN opened at $412.64 on Tuesday. The firm has a 50 day simple moving average of $495.12 and a two-hundred day simple moving average of $566.50. Fabrinet has a one year low of $313.00 and a one year high of $748.89. The company has a market cap of $14.78 billion, a P/E ratio of 31.62 and a beta of 1.23.

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