Bessemer Group Inc. Purchases 29,074 Shares of Fabrinet $FN

Bessemer Group Inc. grew its position in Fabrinet (NYSE:FN) by 7,691.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 29,452 shares of the technology company’s stock after acquiring an additional 29,074 shares during the quarter. Bessemer Group Inc.’s holdings in Fabrinet were worth $13,408,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of FN. Westend Capital Management LLC bought a new stake in shares of Fabrinet in the 4th quarter valued at about $29,000. Root Financial Partners LLC bought a new stake in shares of Fabrinet in the 3rd quarter valued at about $34,000. Rakuten Securities Inc. boosted its holdings in shares of Fabrinet by 340.9% in the 4th quarter. Rakuten Securities Inc. now owns 97 shares of the technology company’s stock valued at $44,000 after buying an additional 75 shares in the last quarter. USA Financial Formulas bought a new stake in shares of Fabrinet in the 4th quarter valued at about $49,000. Finally, CI Investments Inc. boosted its holdings in shares of Fabrinet by 40.6% in the 3rd quarter. CI Investments Inc. now owns 149 shares of the technology company’s stock valued at $54,000 after buying an additional 43 shares in the last quarter. 97.38% of the stock is currently owned by institutional investors.

Fabrinet Stock Down 3.2%

Shares of Fabrinet stock opened at $722.23 on Friday. The firm has a market capitalization of $25.88 billion, a P/E ratio of 62.05 and a beta of 1.22. The company has a 50 day moving average price of $606.55 and a 200 day moving average price of $520.63. Fabrinet has a 52 week low of $222.66 and a 52 week high of $748.89.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on FN shares. Fox Advisors lowered shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research report on Tuesday, May 5th. Wolfe Research raised shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price objective for the company in a research report on Wednesday, February 4th. Zacks Research raised shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $800.00 price objective on shares of Fabrinet in a research report on Tuesday, May 5th. Finally, Barclays increased 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. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $661.75.

About Fabrinet

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.