Fabrinet $FN Stock Position Decreased by Capital International Investors

Capital International Investors lessened its holdings in shares of Fabrinet (NYSE:FN) by 52.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 300,783 shares of the technology company’s stock after selling 337,584 shares during the period. Capital International Investors owned 0.84% of Fabrinet worth $136,940,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Core Wealth Advisors LLC acquired a new position in Fabrinet during the 4th quarter valued at about $25,000. Westend Capital Management LLC bought a new stake in shares of Fabrinet in the 4th quarter worth approximately $29,000. Harbour Investments Inc. raised its holdings in shares of Fabrinet by 75.0% in the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock worth $29,000 after purchasing an additional 27 shares in the last quarter. Creative Financial Designs Inc. ADV bought a new stake in shares of Fabrinet in the 4th quarter worth approximately $32,000. Finally, Rakuten Securities Inc. raised its holdings in shares of Fabrinet by 340.9% in the 4th 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. 97.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Fox Advisors lowered shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. decreased their target price on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Zacks Research raised shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 price objective on shares of Fabrinet in a report on Tuesday, May 5th. Finally, Northland Securities set a $800.00 price objective on shares of Fabrinet in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $661.75.

Fabrinet Stock Performance

Shares of FN stock opened at $623.94 on Tuesday. Fabrinet has a 52-week low of $231.51 and a 52-week high of $748.89. The stock has a market cap of $22.36 billion, a price-to-earnings ratio of 53.60 and a beta of 1.18. The firm has a fifty day moving average of $653.49 and a 200-day moving average of $548.06.

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 analysts’ consensus estimates of $3.58 by $0.14. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The business’s revenue was up 39.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. On average, sell-side analysts predict that Fabrinet will post 12.96 earnings per share for the current year.

Insiders Place Their Bets

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of the firm’s 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 approximately $11,556,435.03. This trade represents a 13.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.24% of the company’s stock.

About Fabrinet

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.