Norges Bank Invests $193.77 Million in Fabrinet $FN

Norges Bank acquired a new position in Fabrinet (NYSE:FN) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 425,597 shares of the technology company’s stock, valued at approximately $193,766,000. Norges Bank owned approximately 1.19% of Fabrinet at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in FN. Ashton Thomas Private Wealth LLC bought a new position in shares of Fabrinet in the 1st quarter worth about $203,000. Empowered Funds LLC bought a new position in shares of Fabrinet in the 1st quarter worth about $2,331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position 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 worth $15,691,000 after acquiring an additional 3,717 shares in the last quarter. M&T Bank Corp bought a new position in shares of Fabrinet in the 2nd quarter worth about $214,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Fabrinet by 574.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 533 shares of the technology company’s stock worth $157,000 after acquiring an additional 454 shares in the last quarter. 97.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

FN has been the subject of several research analyst reports. Fox Advisors lowered Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research report on Tuesday, May 5th. Rosenblatt Securities lifted their price objective on Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Barclays lifted their price objective on Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Zacks Research upgraded Fabrinet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings downgraded Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Fabrinet has an average rating of “Moderate Buy” and a consensus target price of $661.75.

Fabrinet Price Performance

Shares of FN opened at $723.11 on Thursday. The stock has a 50-day moving average of $649.44 and a 200-day moving average of $542.93. The company has a market cap of $25.91 billion, a PE ratio of 62.12 and a beta of 1.17. Fabrinet has a one year low of $231.51 and a one year high of $748.89.

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

Insider Activity at Fabrinet

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of Fabrinet stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $711.91, for a total transaction of $1,779,775.00. Following the completion of the transaction, the director owned 16,233 shares in the company, valued at approximately $11,556,435.03. The trade was a 13.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.24% of the stock is currently owned by corporate insiders.

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.