Allspring Global Investments Holdings LLC Increases Stock Holdings in Fabrinet $FN

Allspring Global Investments Holdings LLC grew its stake in Fabrinet (NYSE:FN) by 108.1% during the first quarter, HoldingsChannel reports. The firm owned 165,146 shares of the technology company’s stock after purchasing an additional 85,780 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Fabrinet were worth $88,350,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of FN. Core Wealth Advisors LLC purchased a new stake in shares of Fabrinet in the fourth quarter valued at about $25,000. Westend Capital Management LLC acquired a new stake in Fabrinet in the fourth quarter valued at about $29,000. Harbour Investments Inc. boosted its holdings in Fabrinet by 75.0% in the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after purchasing an additional 27 shares in the last quarter. Creative Financial Designs Inc. ADV purchased a new stake in Fabrinet in the 4th quarter valued at approximately $32,000. Finally, Quarry LP raised its stake in shares of Fabrinet by 300.0% during the 4th quarter. Quarry LP now owns 72 shares of the technology company’s stock worth $33,000 after buying an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Insider Buying and Selling at Fabrinet

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of the stock in a transaction on 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 transaction, the director owned 16,233 shares of the company’s stock, valued at $11,556,435.03. This represents a 13.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.24% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Fox Advisors cut Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. Barclays upped their price objective on Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. cut their price objective on Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Weiss Ratings lowered shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 30th. Finally, Northland Securities set a $800.00 target price on shares of Fabrinet in a research report on Monday, April 20th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $661.75.

Fabrinet Price Performance

Fabrinet stock opened at $476.68 on Friday. The firm’s 50-day moving average is $598.02 and its two-hundred day moving average is $563.20. The stock has a market capitalization of $17.08 billion, a P/E ratio of 40.95 and a beta of 1.20. Fabrinet has a 12-month low of $272.49 and a 12-month high of $748.89.

Fabrinet (NYSE:FN) last announced its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter 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. As a group, analysts forecast that Fabrinet will post 12.96 EPS for the current year.

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.