Williamson Legacy Group LLC Buys Shares of 1,838 Fabrinet $FN

Williamson Legacy Group LLC bought a new stake in Fabrinet (NYSE:FN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,838 shares of the technology company’s stock, valued at approximately $837,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Divisadero Street Capital Management LP grew its stake in shares of Fabrinet by 57.4% in the 3rd quarter. Divisadero Street Capital Management LP now owns 56,344 shares of the technology company’s stock valued at $20,544,000 after purchasing an additional 20,556 shares during the last quarter. Azzad Asset Management Inc. ADV acquired a new stake in shares of Fabrinet in the 3rd quarter valued at approximately $1,037,000. M&T Bank Corp lifted its holdings in shares of Fabrinet by 196.5% in the 4th quarter. M&T Bank Corp now owns 2,345 shares of the technology company’s stock valued at $1,068,000 after buying an additional 1,554 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of Fabrinet by 67.7% in the 3rd quarter. New York State Common Retirement Fund now owns 64,142 shares of the technology company’s stock valued at $23,387,000 after buying an additional 25,889 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in shares of Fabrinet by 105.2% in the 3rd quarter. Federated Hermes Inc. now owns 5,982 shares of the technology company’s stock valued at $2,181,000 after buying an additional 3,067 shares during the period. 97.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Needham & Company LLC reissued a “buy” rating and issued a $800.00 price target on shares of Fabrinet in a report on Tuesday, May 5th. Weiss Ratings raised Fabrinet from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. reduced their price target on Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Wolfe Research raised Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price target for the company in a report on Wednesday, February 4th. Finally, Fox Advisors cut Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $661.75.

Insider Transactions at Fabrinet

In related news, Director Homa Bahrami sold 2,500 shares of Fabrinet stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $711.91, for a total transaction of $1,779,775.00. Following the completion of the transaction, the director directly owned 16,233 shares of the company’s stock, valued at approximately $11,556,435.03. The trade was a 13.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.24% of the company’s stock.

Fabrinet Stock Performance

Shares of FN stock opened at $681.52 on Wednesday. The stock has a fifty day moving average price of $630.36 and a 200 day moving average price of $533.16. The stock has a market cap of $24.42 billion, a PE ratio of 58.55 and a beta of 1.22. Fabrinet has a 1 year low of $224.66 and a 1 year high of $748.89.

Fabrinet (NYSE:FN) last issued its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.14. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.Fabrinet’s revenue was up 39.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, equities research analysts predict that Fabrinet will post 12.96 earnings per share for the current year.

Fabrinet Company 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.