HighVista Strategies LLC Makes New Investment in Fabrinet $FN

HighVista Strategies LLC purchased a new position in shares of Fabrinet (NYSE:FN) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,100 shares of the technology company’s stock, valued at approximately $1,860,000.

Several other large investors have also bought and sold shares of FN. Root Financial Partners LLC bought a new stake in shares of Fabrinet in the 3rd quarter valued at about $34,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Fabrinet in the second quarter worth approximately $35,000. CI Investments Inc. boosted its holdings in Fabrinet by 40.6% in the third quarter. CI Investments Inc. now owns 149 shares of the technology company’s stock valued at $54,000 after acquiring an additional 43 shares during the last quarter. Cullen Frost Bankers Inc. increased its position in Fabrinet by 20.4% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 171 shares of the technology company’s stock valued at $62,000 after purchasing an additional 29 shares during the period. Finally, MAI Capital Management raised its holdings in Fabrinet by 86.7% during the 2nd quarter. MAI Capital Management now owns 183 shares of the technology company’s stock worth $54,000 after purchasing an additional 85 shares during the last quarter. 97.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on FN. Wolfe Research upgraded shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 target price on the stock in a report on Wednesday, February 4th. Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Rosenblatt Securities reissued a “buy” rating and issued a $550.00 price target on shares of Fabrinet in a research note on Tuesday, February 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $540.00 price objective on shares of Fabrinet in a research report on Tuesday, February 3rd. Finally, Susquehanna boosted their target price on shares of Fabrinet from $550.00 to $570.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $541.25.

Fabrinet Stock Down 2.1%

Shares of NYSE:FN opened at $502.17 on Monday. The stock’s 50 day moving average is $501.54 and its 200-day moving average is $446.89. Fabrinet has a twelve month low of $148.55 and a twelve month high of $632.99. The firm has a market capitalization of $17.99 billion, a price-to-earnings ratio of 48.10 and a beta of 1.01.

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.

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.