Allspring Global Investments Holdings LLC Sells 1,880 Shares of Fabrinet $FN

Allspring Global Investments Holdings LLC decreased its position in shares of Fabrinet (NYSE:FN) by 2.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 79,366 shares of the technology company’s stock after selling 1,880 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.22% of Fabrinet worth $38,050,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Westend Capital Management LLC bought a new stake in Fabrinet during the 4th quarter worth about $29,000. Hennion & Walsh Asset Management Inc. grew its holdings in Fabrinet by 8.2% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 11,708 shares of the technology company’s stock worth $5,330,000 after acquiring an additional 892 shares during the period. Redhawk Wealth Advisors Inc. raised its position in shares of Fabrinet by 12.5% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 3,855 shares of the technology company’s stock valued at $1,755,000 after acquiring an additional 429 shares during the last quarter. USA Financial Formulas bought a new stake in shares of Fabrinet during the 4th quarter valued at $49,000. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Fabrinet in the 4th quarter valued at $281,000. 97.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on FN shares. Barclays upped their price target on Fabrinet from $537.00 to $548.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. B. Riley Financial lifted their price target on shares of Fabrinet from $366.00 to $452.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Susquehanna boosted their price target on shares of Fabrinet from $550.00 to $570.00 and gave the company a “positive” rating in a report on Thursday, January 22nd. Northland Securities set a $600.00 price objective on shares of Fabrinet in a research report on Monday, December 22nd. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $550.00 target price on shares of Fabrinet in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $541.25.

Fabrinet Trading Up 4.0%

Shares of FN opened at $556.22 on Friday. The stock has a market capitalization of $19.93 billion, a price-to-earnings ratio of 53.28 and a beta of 1.04. Fabrinet has a 12 month low of $148.55 and a 12 month high of $632.99. The firm has a fifty day simple moving average of $519.17 and a 200 day simple moving average of $463.43.

Fabrinet (NYSE:FN) last issued its quarterly earnings results on Monday, February 2nd. The technology company reported $3.36 earnings per share (EPS) for the quarter, beating 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 period in the previous year, the business earned $2.61 EPS. The company’s revenue was up 35.9% compared to the same quarter last year. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. As a group, research analysts predict that Fabrinet will post 9.4 earnings per share 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.