Swedbank AB Purchases Shares of 11,800 Fabrinet $FN

Swedbank AB purchased a new stake in Fabrinet (NYSE:FN) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 11,800 shares of the technology company’s stock, valued at approximately $5,372,000.

A number of other institutional investors have also recently bought and sold shares of FN. Westend Capital Management LLC bought a new stake in shares of Fabrinet in the fourth quarter worth $29,000. Creative Financial Designs Inc. ADV bought a new stake in shares of Fabrinet in the fourth quarter worth $32,000. Root Financial Partners LLC bought a new stake in shares of Fabrinet in the third quarter worth $34,000. Rakuten Securities Inc. lifted its position in shares of Fabrinet by 340.9% in the fourth quarter. Rakuten Securities Inc. now owns 97 shares of the technology company’s stock worth $44,000 after purchasing an additional 75 shares in the last quarter. Finally, USA Financial Formulas bought a new stake in shares of Fabrinet in the fourth quarter worth $49,000. Institutional investors own 97.38% of the company’s stock.

Fabrinet Trading Down 3.2%

NYSE FN opened at $681.52 on Wednesday. The firm’s fifty day moving average price is $630.36 and its two-hundred day moving average price is $533.16. Fabrinet has a 1 year low of $224.66 and a 1 year high of $748.89. The firm has a market capitalization of $24.42 billion, a P/E ratio of 58.55 and a beta of 1.22.

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 the consensus estimate of $3.58 by $0.14. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the firm posted $2.52 earnings per share. The company’s quarterly revenue was up 39.3% compared to the same quarter last year. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. On average, research analysts anticipate that Fabrinet will post 12.96 EPS for the current fiscal year.

Insider Transactions at Fabrinet

In other Fabrinet 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 transaction of $1,779,775.00. Following the sale, the director directly owned 16,233 shares of the company’s stock, valued at approximately $11,556,435.03. This represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Needham & Company LLC reissued a “buy” rating and issued a $800.00 price objective on shares of Fabrinet in a research report on Tuesday, May 5th. Rosenblatt Securities boosted their price objective on shares of Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. B. Riley Financial boosted their price objective 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. Finally, Barclays boosted their price objective on shares of Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” 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 given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $661.75.

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.