Future Fund LLC Has $2.70 Million Position in Fabrinet $FN

by · The Markets Daily

Future Fund LLC raised its holdings in Fabrinet (NYSE:FN – Free Report) by 28.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,185 shares of the technology company’s stock after acquiring an additional 1,141 shares during the quarter. Future Fund LLC’s holdings in Fabrinet were worth $2,704,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FN. Assetmark Inc. raised its position in shares of Fabrinet by 499.3% during the 1st quarter. Assetmark Inc. now owns 4,189 shares of the technology company’s stock valued at $2,185,000 after acquiring an additional 3,490 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Fabrinet by 6.9% in the 1st quarter. Bessemer Group Inc. now owns 31,480 shares of the technology company’s stock worth $16,417,000 after purchasing an additional 2,028 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Fabrinet by 108.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 165,146 shares of the technology company’s stock worth $88,350,000 after purchasing an additional 85,780 shares during the last quarter. Independent Financial Group LLC acquired a new stake in shares of Fabrinet during the first quarter worth $245,000. Finally, Zweig DiMenna Associates LLC acquired a new stake in shares of Fabrinet during the first quarter worth $6,728,000. Institutional investors and hedge funds own 97.38% of the company’s stock.

Fabrinet Stock Up 3.6%

FN opened at $476.68 on Friday. Fabrinet has a 12 month low of $272.49 and a 12 month high of $748.89. The company has a fifty day simple moving average of $598.02 and a 200 day simple moving average of $563.20. The stock has a market cap of $17.08 billion, a P/E ratio of 40.95 and a beta of 1.20.

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

Analyst Ratings Changes

FN has been the subject of a number of recent analyst reports. Barclays upped their price objective on Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Rosenblatt Securities raised their target price on Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. decreased their target price on Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Wall Street Zen raised Fabrinet from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Finally, Fox Advisors downgraded shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research report on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $661.75.

Read Our Latest Analysis on FN

Insider Activity at Fabrinet

In other news, Director Homa Bahrami sold 2,500 shares of Fabrinet stock in a transaction dated 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 transaction, the director owned 16,233 shares in the company, valued at $11,556,435.03. The trade was a 13.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.24% of the stock is currently owned by corporate insiders.

Fabrinet Profile

(Free Report)

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.

See Also

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