Dana Investment Advisors Inc. Sells 3,644 Shares of Fabrinet $FN

Dana Investment Advisors Inc. cut its holdings in shares of Fabrinet (NYSE:FN) by 52.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,324 shares of the technology company’s stock after selling 3,644 shares during the period. Dana Investment Advisors Inc.’s holdings in Fabrinet were worth $1,212,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FN. Vanguard Group Inc. boosted its stake in Fabrinet by 1.4% in the third quarter. Vanguard Group Inc. now owns 4,135,345 shares of the technology company’s stock worth $1,507,829,000 after purchasing an additional 59,002 shares in the last quarter. Wasatch Advisors LP raised its holdings in shares of Fabrinet by 45.1% in the second quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock valued at $524,432,000 after buying an additional 553,196 shares during the last quarter. Geode Capital Management LLC lifted its position in Fabrinet by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,051,108 shares of the technology company’s stock worth $309,771,000 after buying an additional 5,114 shares in the last quarter. Westfield Capital Management Co. LP grew its holdings in Fabrinet by 102.8% during the 2nd quarter. Westfield Capital Management Co. LP now owns 663,310 shares of the technology company’s stock worth $195,464,000 after acquiring an additional 336,173 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Fabrinet by 1.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 646,333 shares of the technology company’s stock worth $235,666,000 after acquiring an additional 10,621 shares during the last quarter. 97.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Susquehanna upped their target price on shares of Fabrinet from $550.00 to $570.00 and gave the stock a “positive” rating in a research report on Thursday, January 22nd. Wolfe Research raised Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price objective on the stock in a report on Wednesday, February 4th. JPMorgan Chase & Co. increased their price objective on Fabrinet from $430.00 to $530.00 and gave the company an “overweight” rating in a research report on Tuesday, November 4th. Weiss Ratings downgraded Fabrinet from a “buy (b)” rating to a “hold (c+)” rating in a research report on Friday, February 13th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $550.00 price target on shares of Fabrinet in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Fabrinet has an average rating of “Moderate Buy” and an average target price of $541.25.

Insider Transactions at Fabrinet

In other Fabrinet news, Director Thomas F. Kelly sold 2,200 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $464.14, for a total transaction of $1,021,108.00. Following the sale, the director directly owned 18,789 shares in the company, valued at approximately $8,720,726.46. This trade represents a 10.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Homa Bahrami sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $453.75, for a total transaction of $1,588,125.00. Following the completion of the transaction, the director owned 18,316 shares of the company’s stock, valued at $8,310,885. This trade represents a 16.04% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.24% of the company’s stock.

Fabrinet Stock Performance

FN opened at $560.49 on Friday. The firm’s fifty day moving average is $488.04 and its two-hundred day moving average is $428.30. The firm has a market cap of $20.08 billion, a PE ratio of 53.69 and a beta of 1.04. Fabrinet has a twelve month low of $148.55 and a twelve month high of $632.99.

Fabrinet (NYSE:FN) last released 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. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Fabrinet had a net margin of 9.69% and a return on equity of 18.69%. The firm’s quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.61 EPS. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. Equities analysts forecast that Fabrinet will post 9.4 EPS for the current fiscal year.

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.