Capital Research Global Investors Has $323.84 Million Position in Fabrinet $FN

Capital Research Global Investors lowered its position in Fabrinet (NYSE:FN) by 29.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 711,306 shares of the technology company’s stock after selling 297,162 shares during the quarter. Capital Research Global Investors owned approximately 1.99% of Fabrinet worth $323,843,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FN. Ashton Thomas Private Wealth LLC acquired a new stake in Fabrinet in the first quarter valued at $203,000. Empowered Funds LLC acquired a new stake in Fabrinet in the first quarter valued at $2,331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Fabrinet by 4.9% in 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 valued at $15,691,000 after acquiring an additional 3,717 shares during the last quarter. M&T Bank Corp acquired a new stake in Fabrinet in the second quarter valued at $214,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Fabrinet by 574.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 533 shares of the technology company’s stock worth $157,000 after buying an additional 454 shares during the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.

Insiders Place Their Bets

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

Fabrinet Stock Performance

NYSE FN opened at $622.08 on Monday. Fabrinet has a 52-week low of $231.51 and a 52-week high of $748.89. The firm has a 50-day moving average of $651.98 and a 200-day moving average of $546.54. The stock has a market cap of $22.29 billion, a PE ratio of 53.44 and a beta of 1.18.

Fabrinet (NYSE:FN) last issued its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 earnings per share 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 business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the previous year, the company earned $2.52 EPS. The business’s revenue was up 39.3% on a year-over-year basis. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, analysts predict that Fabrinet will post 12.96 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on FN. JPMorgan Chase & Co. cut their target price on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Weiss Ratings cut shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Northland Securities set a $800.00 target price on shares of Fabrinet in a research note on Monday, April 20th. Fox Advisors cut shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research note on Tuesday, May 5th. Finally, Needham & Company LLC restated a “buy” rating and set a $800.00 target price on shares of Fabrinet in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Fabrinet currently has an average rating of “Moderate Buy” and a consensus price target of $661.75.

Fabrinet 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.