Vaughan Nelson Investment Management L.P. Trims Stock Holdings in Fabrinet $FN

Vaughan Nelson Investment Management L.P. cut its holdings in shares of Fabrinet (NYSE:FN) by 64.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,009 shares of the technology company’s stock after selling 35,095 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Fabrinet were worth $8,654,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Westend Capital Management LLC purchased a new position in shares of Fabrinet during the 4th quarter valued at approximately $29,000. Root Financial Partners LLC bought a new stake in shares of Fabrinet in the third quarter worth $34,000. Elevation Point Wealth Partners LLC acquired a new stake in Fabrinet in the second quarter valued at $35,000. USA Financial Formulas acquired a new stake in Fabrinet in the fourth quarter valued at $49,000. Finally, CI Investments Inc. boosted its stake in Fabrinet by 40.6% during the 3rd quarter. CI Investments Inc. now owns 149 shares of the technology company’s stock valued at $54,000 after acquiring an additional 43 shares during the last quarter. 97.38% of the stock is owned by institutional investors and hedge funds.

Fabrinet Stock Performance

Fabrinet stock opened at $521.80 on Wednesday. Fabrinet has a 1 year low of $148.55 and a 1 year high of $632.99. The firm’s 50-day moving average is $516.48 and its 200-day moving average is $462.27. The company has a market cap of $18.69 billion, a P/E ratio of 49.98 and a beta of 1.01.

Fabrinet (NYSE:FN) last released its quarterly earnings data on Monday, February 2nd. The technology company reported $3.36 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $1.08 billion. During the same quarter in the prior year, the business earned $2.61 earnings per share. Fabrinet’s quarterly revenue was up 35.9% on a year-over-year basis. 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 year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Rosenblatt Securities reissued a “buy” rating and set a $550.00 price objective on shares of Fabrinet in a report on Tuesday, February 3rd. Northland Securities set a $600.00 price target on shares of Fabrinet in a research report on Monday, December 22nd. Weiss Ratings upgraded Fabrinet from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, March 24th. Needham & Company LLC reissued a “buy” rating and issued a $540.00 price objective on shares of Fabrinet in a report on Tuesday, February 3rd. Finally, Wolfe Research raised Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 target price on the stock in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $541.25.

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.