Jackson Creek Investment Advisors LLC Takes Position in Fabrinet $FN

Jackson Creek Investment Advisors LLC acquired a new stake in Fabrinet (NYSE:FN) in the fourth quarter, HoldingsChannel reports. The firm acquired 3,300 shares of the technology company’s stock, valued at approximately $1,502,000.

A number of other institutional investors have also modified their holdings of FN. Divisadero Street Capital Management LP increased its position in Fabrinet by 57.4% during the third quarter. Divisadero Street Capital Management LP now owns 56,344 shares of the technology company’s stock worth $20,544,000 after purchasing an additional 20,556 shares during the last quarter. Azzad Asset Management Inc. ADV acquired a new position in Fabrinet during the third quarter worth approximately $1,037,000. New York State Common Retirement Fund increased its position in Fabrinet by 67.7% during the third quarter. New York State Common Retirement Fund now owns 64,142 shares of the technology company’s stock worth $23,387,000 after purchasing an additional 25,889 shares during the last quarter. M&T Bank Corp increased its position in Fabrinet by 196.5% during the fourth quarter. M&T Bank Corp now owns 2,345 shares of the technology company’s stock worth $1,068,000 after purchasing an additional 1,554 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in Fabrinet by 105.2% during the third quarter. Federated Hermes Inc. now owns 5,982 shares of the technology company’s stock worth $2,181,000 after purchasing an additional 3,067 shares during the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Fox Advisors lowered shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research report on Tuesday, May 5th. B. Riley Financial upped their price target on shares of Fabrinet from $366.00 to $452.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Northland Securities set a $800.00 price target on shares of Fabrinet in a research report on Monday, April 20th. JPMorgan Chase & Co. dropped their price target on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Finally, Zacks Research raised shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $661.75.

Fabrinet Trading Up 1.3%

Shares of FN stock opened at $689.70 on Thursday. The company has a market capitalization of $24.71 billion, a PE ratio of 59.25 and a beta of 1.22. The firm has a fifty day simple moving average of $633.87 and a 200-day simple moving average of $534.77. Fabrinet has a twelve month low of $224.66 and a twelve month high of $748.89.

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

Insider Buying and Selling at Fabrinet

In other news, Director Homa Bahrami sold 2,500 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $711.91, for a total value of $1,779,775.00. Following the completion of the transaction, the director directly owned 16,233 shares in the company, valued at approximately $11,556,435.03. This represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company 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.