Calamos Advisors LLC Buys Shares of 7,504 Fabrinet $FN

Calamos Advisors LLC purchased a new position in Fabrinet (NYSE:FN) in the 1st quarter, Holdings Channel reports. The institutional investor purchased 7,504 shares of the technology company’s stock, valued at approximately $3,913,000.

A number of other hedge funds also recently modified their holdings of the business. Price T Rowe Associates Inc. MD lifted its holdings in shares of Fabrinet by 163.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,041,227 shares of the technology company’s stock valued at $1,839,891,000 after purchasing an additional 2,504,841 shares in the last quarter. Wasatch Advisors LP increased its stake in Fabrinet by 45.1% during the 2nd quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock worth $524,432,000 after purchasing an additional 553,196 shares in the last quarter. Norges Bank bought a new stake in Fabrinet during the 4th quarter worth approximately $193,766,000. JPMorgan Chase & Co. raised its holdings in Fabrinet by 64.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,065,414 shares of the technology company’s stock worth $485,063,000 after buying an additional 419,081 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Fabrinet by 183.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 333,555 shares of the technology company’s stock worth $121,621,000 after buying an additional 215,903 shares during the period. Institutional investors and hedge funds own 97.38% of the company’s stock.

Fabrinet Stock Up 1.0%

Shares of FN stock opened at $487.42 on Thursday. Fabrinet has a 12 month low of $272.49 and a 12 month high of $748.89. The company’s fifty day simple moving average is $604.21 and its 200-day simple moving average is $563.94. The firm has a market cap of $17.46 billion, a PE ratio of 41.87 and a beta of 1.20.

Fabrinet (NYSE:FN) last released its earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm’s revenue for the quarter was up 39.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. On average, equities analysts predict that Fabrinet will post 12.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FN. Wall Street Zen raised shares of Fabrinet from a “hold” rating to a “buy” rating in a research note on Sunday. Needham & Company LLC reissued a “buy” rating and set a $800.00 price objective on shares of Fabrinet in a research report on Tuesday, May 5th. Fox Advisors lowered shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. Barclays boosted their price objective on shares of Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings lowered shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 30th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $661.75.

Insider Transactions at Fabrinet

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of the 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 sale, the director owned 16,233 shares in the company, valued at $11,556,435.03. This trade represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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.