Fabrinet $FN Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its position in shares of Fabrinet (NYSE:FN) by 8.6% during the fourth quarter, Holdings Channel reports. The firm owned 192,667 shares of the technology company’s stock after selling 18,018 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Fabrinet were worth $87,718,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Westend Capital Management LLC acquired a new stake in shares of Fabrinet during the fourth quarter worth about $29,000. Root Financial Partners LLC acquired a new stake in shares of Fabrinet during the third quarter worth about $34,000. Rakuten Securities Inc. increased its position in shares of Fabrinet by 340.9% during the fourth 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. USA Financial Formulas acquired a new stake in shares of Fabrinet during the fourth quarter worth about $49,000. Finally, CI Investments Inc. increased its position in shares of Fabrinet by 40.6% during the third quarter. CI Investments Inc. now owns 149 shares of the technology company’s stock worth $54,000 after purchasing an additional 43 shares in the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.

Wall Street Analyst Weigh In

FN has been the topic of a number of research reports. Needham & Company LLC reissued a “buy” rating and set a $800.00 price target on shares of Fabrinet in a report on Tuesday, May 5th. Susquehanna boosted their price target on Fabrinet from $550.00 to $570.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. Northland Securities set a $800.00 price target on Fabrinet in a research report on Monday, April 20th. Barclays boosted their price target on Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Finally, Fox Advisors cut Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $661.75.

Fabrinet Trading Down 3.2%

Shares of FN opened at $722.23 on Friday. Fabrinet has a twelve month low of $222.66 and a twelve month high of $748.89. The stock’s 50 day moving average is $606.55 and its two-hundred day moving average is $520.63. The firm has a market capitalization of $25.88 billion, a PE ratio of 62.05 and a beta of 1.22.

Fabrinet (NYSE:FN) last announced its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 earnings per share for the quarter, beating analysts’ consensus estimates of $3.58 by $0.14. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The firm’s revenue for the quarter was up 39.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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 EPS for the current 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.