Capital World Investors Sells 26,680 Shares of Fabrinet $FN

Capital World Investors lowered its position in Fabrinet (NYSE:FN) by 6.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 401,594 shares of the technology company’s stock after selling 26,680 shares during the quarter. Capital World Investors’ holdings in Fabrinet were worth $146,429,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in FN. Ashton Thomas Private Wealth LLC bought a new stake in Fabrinet during the 1st quarter worth approximately $203,000. Empowered Funds LLC bought a new position in shares of Fabrinet during the first quarter valued at $2,331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Fabrinet by 4.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,444 shares of the technology company’s stock worth $15,691,000 after purchasing an additional 3,717 shares during the period. Savant Capital LLC lifted its holdings in shares of Fabrinet by 97.8% during the second quarter. Savant Capital LLC now owns 3,638 shares of the technology company’s stock worth $1,072,000 after purchasing an additional 1,799 shares during the period. Finally, AE Wealth Management LLC grew its stake in shares of Fabrinet by 30.4% in the second quarter. AE Wealth Management LLC now owns 1,711 shares of the technology company’s stock worth $504,000 after purchasing an additional 399 shares during the last quarter. Institutional investors own 97.38% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Zacks Research upgraded Fabrinet from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. B. Riley Financial upped their price target on Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Susquehanna increased their price target on Fabrinet from $550.00 to $570.00 and gave the company a “positive” rating in a research note on Thursday, January 22nd. Weiss Ratings downgraded Fabrinet from a “buy (b)” rating to a “hold (c+)” rating in a research report on Friday, February 13th. Finally, Wolfe Research raised Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price objective on the stock in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Fabrinet currently has a consensus rating of “Moderate Buy” and an average target price of $541.25.

Fabrinet Price Performance

NYSE FN opened at $524.38 on Thursday. The stock has a market capitalization of $18.79 billion, a P/E ratio of 50.23 and a beta of 1.01. The business has a 50 day simple moving average of $499.93 and a 200 day simple moving average of $443.49. Fabrinet has a one year low of $148.55 and a one year high of $632.99.

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

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.