Nordea Investment Management AB Has $18.03 Million Stock Position in Fabrinet $FN

Nordea Investment Management AB lowered its position in Fabrinet (NYSE:FN) by 13.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 38,941 shares of the technology company’s stock after selling 5,808 shares during the quarter. Nordea Investment Management AB’s holdings in Fabrinet were worth $18,025,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Fabrinet during the 1st quarter worth about $203,000. Empowered Funds LLC bought a new stake in shares of Fabrinet in the 1st quarter valued at approximately $2,331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Fabrinet by 4.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,444 shares of the technology company’s stock valued at $15,691,000 after buying an additional 3,717 shares in the last quarter. MAI Capital Management increased its holdings in Fabrinet by 86.7% in the second quarter. MAI Capital Management now owns 183 shares of the technology company’s stock worth $54,000 after buying an additional 85 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in Fabrinet by 24.3% in the second quarter. Franklin Resources Inc. now owns 161,117 shares of the technology company’s stock worth $47,478,000 after buying an additional 31,549 shares during the last quarter. 97.38% of the stock is owned by institutional investors and hedge funds.

Fabrinet Stock Performance

Shares of FN stock opened at $602.73 on Wednesday. The stock’s 50 day simple moving average is $510.77 and its 200 day simple moving average is $455.95. Fabrinet has a twelve month low of $148.55 and a twelve month high of $632.99. The company has a market capitalization of $21.60 billion, a price-to-earnings ratio of 57.73 and a beta of 1.01.

Fabrinet (NYSE:FN) last announced its earnings results on Monday, February 2nd. The technology company reported $3.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.26 by $0.10. Fabrinet had a return on equity of 18.69% and a net margin of 9.69%.The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the business earned $2.61 earnings per share. The company’s revenue was up 35.9% on a year-over-year basis. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. On average, analysts forecast that Fabrinet will post 9.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FN shares. Northland Securities set a $600.00 price objective on shares of Fabrinet in a research report on Monday, December 22nd. Needham & Company LLC reissued a “buy” rating and issued a $540.00 target price on shares of Fabrinet in a research report on Tuesday, February 3rd. B. Riley Financial increased their price target on shares of Fabrinet from $366.00 to $452.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Wolfe Research upgraded shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price target on the stock in a report on Wednesday, February 4th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $550.00 price objective on shares of Fabrinet in a research note on Tuesday, February 3rd. 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $541.25.

Fabrinet Company 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.