Johnson Investment Counsel Inc. Has $2.07 Million Stake in Fabrinet $FN

Johnson Investment Counsel Inc. cut its position in shares of Fabrinet (NYSE:FN) by 22.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,667 shares of the technology company’s stock after selling 1,652 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Fabrinet were worth $2,066,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Root Financial Partners LLC bought a new stake in Fabrinet during the third quarter valued at $34,000. Elevation Point Wealth Partners LLC bought a new position in shares of Fabrinet in the 2nd quarter worth about $35,000. First Horizon Advisors Inc. lifted its stake in shares of Fabrinet by 124.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 139 shares of the technology company’s stock valued at $41,000 after purchasing an additional 77 shares during the period. Cullen Frost Bankers Inc. boosted its position in shares of Fabrinet by 118.5% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 142 shares of the technology company’s stock valued at $42,000 after purchasing an additional 77 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of Fabrinet by 33.6% during the 2nd quarter. Bessemer Group Inc. now owns 171 shares of the technology company’s stock valued at $50,000 after purchasing an additional 43 shares in the last quarter. Institutional investors own 97.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on FN shares. Rosenblatt Securities reiterated a “buy” rating and issued a $550.00 target price on shares of Fabrinet in a report on Tuesday, February 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $540.00 price objective on shares of Fabrinet in a research note on Tuesday, February 3rd. Zacks Research upgraded shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. JPMorgan Chase & Co. increased their target price on shares of Fabrinet from $430.00 to $530.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 4th. Finally, Barclays lifted their price target on shares of Fabrinet from $537.00 to $548.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $511.11.

Fabrinet Stock Down 0.0%

Shares of NYSE:FN opened at $466.11 on Thursday. Fabrinet has a twelve month low of $148.55 and a twelve month high of $531.22. The stock’s 50 day moving average is $476.00 and its 200-day moving average is $413.20. The firm has a market capitalization of $16.70 billion, a price-to-earnings ratio of 44.65 and a beta of 1.04.

Fabrinet (NYSE:FN) last announced its quarterly earnings results on Monday, February 2nd. The technology company reported $3.36 EPS for the quarter, beating analysts’ consensus estimates of $3.26 by $0.10. Fabrinet had a net margin of 9.69% and a return on equity of 18.69%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the business posted $2.61 EPS. Fabrinet’s quarterly revenue was up 35.9% on a year-over-year basis. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. Equities research analysts anticipate that Fabrinet will post 9.4 earnings per share for the current fiscal year.

Insider Transactions at Fabrinet

In other news, Director Homa Bahrami sold 3,500 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $453.75, for a total transaction of $1,588,125.00. Following the completion of the sale, the director directly owned 18,316 shares of the company’s stock, valued at $8,310,885. The trade was a 16.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Seamus Grady sold 22,451 shares of the company’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $446.95, for a total transaction of $10,034,474.45. Following the completion of the sale, the chief executive officer owned 23,573 shares in the company, valued at $10,535,952.35. This represents a 48.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 28,151 shares of company stock valued at $12,643,707 over the last three months. Corporate insiders own 0.24% of the company’s stock.

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.