Fabrinet $FN Shares Sold by Capital International Investors

Capital International Investors lowered its holdings in Fabrinet (NYSE:FN) by 40.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 638,367 shares of the technology company’s stock after selling 440,576 shares during the period. Capital International Investors owned about 1.78% of Fabrinet worth $232,761,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of FN. Vestcor Inc raised its position in shares of Fabrinet by 23.1% in the 3rd quarter. Vestcor Inc now owns 3,127 shares of the technology company’s stock valued at $1,140,000 after purchasing an additional 586 shares in the last quarter. Swiss National Bank raised its holdings in Fabrinet by 1.5% in the third quarter. Swiss National Bank now owns 69,440 shares of the technology company’s stock valued at $25,319,000 after acquiring an additional 1,000 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in Fabrinet in the third quarter valued at $1,339,000. Russell Investments Group Ltd. boosted its stake in Fabrinet by 3.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 22,441 shares of the technology company’s stock valued at $8,182,000 after acquiring an additional 759 shares during the last quarter. Finally, Schroder Investment Management Group boosted its stake in Fabrinet by 2.1% during the 3rd quarter. Schroder Investment Management Group now owns 3,459 shares of the technology company’s stock valued at $1,258,000 after acquiring an additional 70 shares during 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 subject of several research analyst reports. Weiss Ratings downgraded shares of Fabrinet from a “buy (b)” rating to a “hold (c+)” rating in a research report on Friday, February 13th. Barclays lifted their price target on Fabrinet from $537.00 to $548.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. 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. Susquehanna increased their target price on Fabrinet from $550.00 to $570.00 and gave the stock a “positive” rating in a report on Thursday, January 22nd. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $550.00 target price on shares of Fabrinet in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Fabrinet currently has an average rating of “Moderate Buy” and a consensus target price of $541.25.

Fabrinet Stock Down 3.4%

Shares of NYSE:FN opened at $524.38 on Thursday. The company has a market cap of $18.79 billion, a PE ratio of 50.23 and a beta of 1.01. Fabrinet has a fifty-two week low of $148.55 and a fifty-two week high of $632.99. The firm has a 50-day simple moving average of $499.93 and a 200 day simple moving average of $443.49.

Fabrinet (NYSE:FN) last issued its earnings results on Monday, February 2nd. The technology company reported $3.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.26 by $0.10. The firm had revenue of $1.13 billion for 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%. Fabrinet’s revenue was up 35.9% on a year-over-year basis. During the same quarter last year, the company posted $2.61 earnings per share. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. As a group, research 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.