Capital Research Global Investors Has $323.84 Million Stake in Fabrinet $FN

Capital Research Global Investors decreased its holdings in Fabrinet (NYSE:FN) by 29.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 711,306 shares of the technology company’s stock after selling 297,162 shares during the period. Capital Research Global Investors’ holdings in Fabrinet were worth $323,843,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of FN. Core Wealth Advisors LLC bought a new position in Fabrinet in the 4th quarter valued at about $25,000. Westend Capital Management LLC bought a new position in Fabrinet in the 4th quarter valued at about $29,000. Harbour Investments Inc. increased its holdings in Fabrinet by 75.0% in the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after buying an additional 27 shares during the period. Creative Financial Designs Inc. ADV bought a new position in Fabrinet in the 4th quarter valued at about $32,000. Finally, Rakuten Securities Inc. increased its holdings in Fabrinet by 340.9% in the 4th quarter. Rakuten Securities Inc. now owns 97 shares of the technology company’s stock valued at $44,000 after buying an additional 75 shares during the period. Institutional investors and hedge funds own 97.38% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Fox Advisors lowered shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. Weiss Ratings lowered shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Rosenblatt Securities raised their target price on shares of Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Finally, Northland Securities set a $800.00 target price on shares of Fabrinet in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $661.75.

Fabrinet Trading Up 0.1%

Shares of Fabrinet stock opened at $622.08 on Monday. The firm has a market capitalization of $22.29 billion, a PE ratio of 53.44 and a beta of 1.18. The firm’s 50 day moving average is $651.98 and its 200 day moving average is $546.54. Fabrinet has a 1 year low of $231.51 and a 1 year high of $748.89.

Fabrinet (NYSE:FN) last announced its quarterly earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 9.94% and a return on equity of 19.83%. The firm’s revenue was up 39.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, research analysts anticipate that Fabrinet will post 12.96 earnings per share for the current year.

Insider Activity

In related news, Director Homa Bahrami sold 2,500 shares of Fabrinet stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $711.91, for a total transaction of $1,779,775.00. Following the sale, the director directly owned 16,233 shares of the company’s stock, valued at approximately $11,556,435.03. The trade was a 13.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company 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.