Fabrinet $FN Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB lowered its holdings in Fabrinet (NYSE:FN) by 13.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,941 shares of the technology company’s stock after selling 5,808 shares during the period. Nordea Investment Management AB owned about 0.11% of Fabrinet worth $18,025,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FN. Park Avenue Securities LLC grew its position in Fabrinet by 8.7% in the fourth quarter. Park Avenue Securities LLC now owns 7,415 shares of the technology company’s stock worth $3,376,000 after buying an additional 591 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Fabrinet by 14.0% during the 4th quarter. GAMMA Investing LLC now owns 1,404 shares of the technology company’s stock worth $639,000 after acquiring an additional 172 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Fabrinet by 36.1% in the 3rd quarter. Allworth Financial LP now owns 377 shares of the technology company’s stock worth $137,000 after acquiring an additional 100 shares during the last quarter. Swiss Life Asset Management Ltd raised its position in shares of Fabrinet by 78.2% during the third quarter. Swiss Life Asset Management Ltd now owns 1,648 shares of the technology company’s stock worth $601,000 after purchasing an additional 723 shares during the period. Finally, Strategic Advocates LLC purchased a new stake in shares of Fabrinet during the third quarter valued at $103,000. 97.38% of the stock is owned by institutional investors and hedge funds.

Fabrinet Price Performance

NYSE FN opened at $602.73 on Wednesday. The firm has a market capitalization of $21.60 billion, a price-to-earnings ratio of 57.73 and a beta of 1.01. The company has a 50 day simple moving average of $510.77 and a 200-day simple moving average of $455.95. Fabrinet has a 52-week low of $148.55 and a 52-week high of $632.99.

Fabrinet (NYSE:FN) last announced its quarterly earnings data 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 net margin of 9.69% and a return on equity of 18.69%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the firm posted $2.61 earnings per share. The firm’s revenue was up 35.9% on a year-over-year basis. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. On average, analysts predict that Fabrinet will post 9.4 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FN. Northland Securities set a $600.00 price target on Fabrinet in a research note on Monday, December 22nd. Needham & Company LLC restated a “buy” rating and set a $540.00 price target on shares of Fabrinet in a report on Tuesday, February 3rd. Wolfe Research upgraded shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price target for the company in a research report on Wednesday, February 4th. Barclays lifted their price objective on shares of Fabrinet from $537.00 to $548.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. Finally, Weiss Ratings lowered Fabrinet from a “buy (b)” rating to a “hold (c+)” rating in a report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $541.25.

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.