Capital World Investors Sells 26,680 Shares of Fabrinet $FN

Capital World Investors decreased its position in shares of Fabrinet (NYSE:FN) by 6.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 401,594 shares of the technology company’s stock after selling 26,680 shares during the quarter. Capital World Investors owned 1.12% of Fabrinet worth $146,429,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of FN. Cullen Frost Bankers Inc. raised its position in shares of Fabrinet by 20.4% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 171 shares of the technology company’s stock valued at $62,000 after buying an additional 29 shares in the last quarter. Coldstream Capital Management Inc. increased its stake in Fabrinet by 3.2% in the second quarter. Coldstream Capital Management Inc. now owns 998 shares of the technology company’s stock valued at $294,000 after acquiring an additional 31 shares during the last quarter. Evergreen Capital Management LLC raised its position in Fabrinet by 1.0% during the second quarter. Evergreen Capital Management LLC now owns 3,032 shares of the technology company’s stock valued at $893,000 after purchasing an additional 31 shares in the last quarter. Stephens Inc. AR raised its position in Fabrinet by 4.4% during the third quarter. Stephens Inc. AR now owns 782 shares of the technology company’s stock valued at $285,000 after purchasing an additional 33 shares in the last quarter. Finally, Profund Advisors LLC lifted its stake in Fabrinet by 2.2% during the third quarter. Profund Advisors LLC now owns 1,505 shares of the technology company’s stock worth $549,000 after purchasing an additional 33 shares during the last quarter. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on FN shares. Northland Securities set a $600.00 target price on Fabrinet in a report on Monday, December 22nd. Needham & Company LLC reissued a “buy” rating and set a $540.00 price target on shares of Fabrinet in a report on Tuesday, February 3rd. Rosenblatt Securities restated a “buy” rating and set a $550.00 price objective on shares of Fabrinet in a research report on Tuesday, February 3rd. Susquehanna raised their price objective on Fabrinet from $550.00 to $570.00 and gave the company a “positive” rating in a research note on Thursday, January 22nd. Finally, B. Riley Financial lifted their target price on Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Fabrinet currently has a consensus rating of “Moderate Buy” and an average price target of $541.25.

Fabrinet Stock Performance

NYSE FN opened at $524.38 on Thursday. The firm’s fifty day moving average price is $499.93 and its two-hundred day moving average price is $443.49. The stock has a market cap of $18.79 billion, a PE ratio of 50.23 and a beta of 1.01. Fabrinet has a fifty-two week low of $148.55 and a fifty-two week high of $632.99.

Fabrinet (NYSE:FN) last announced its quarterly earnings results on Monday, February 2nd. The technology company reported $3.36 EPS for the quarter, beating analysts’ consensus estimates of $3.26 by $0.10. Fabrinet had a return on equity of 18.69% and a net margin of 9.69%.The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the prior year, the company earned $2.61 EPS. Fabrinet’s revenue was up 35.9% compared to the same quarter last year. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. As a group, sell-side analysts predict that Fabrinet will post 9.4 earnings per share for the current fiscal year.

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.