Aberdeen Group plc Has $36.89 Million Stock Position in Fabrinet $FN

Aberdeen Group plc lowered its stake in Fabrinet (NYSE:FN) by 17.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,030 shares of the technology company’s stock after selling 17,522 shares during the quarter. Aberdeen Group plc owned approximately 0.23% of Fabrinet worth $36,891,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wasatch Advisors LP lifted its position in shares of Fabrinet by 45.1% in the 2nd quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock valued at $524,432,000 after acquiring an additional 553,196 shares in the last quarter. Invesco Ltd. raised its stake in Fabrinet by 446.6% during the 2nd quarter. Invesco Ltd. now owns 511,553 shares of the technology company’s stock valued at $150,744,000 after purchasing an additional 417,959 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Fabrinet by 226.1% in the third quarter. Alliancebernstein L.P. now owns 499,177 shares of the technology company’s stock valued at $182,010,000 after purchasing an additional 346,113 shares in the last quarter. Holocene Advisors LP purchased a new stake in shares of Fabrinet in the third quarter valued at $124,847,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Fabrinet by 183.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 333,555 shares of the technology company’s stock worth $121,621,000 after buying an additional 215,903 shares during the period. Institutional investors and hedge funds own 97.38% of the company’s stock.

Fabrinet Price Performance

Shares of Fabrinet stock opened at $556.22 on Friday. The firm has a market cap of $19.93 billion, a price-to-earnings ratio of 53.28 and a beta of 1.04. The stock has a 50-day simple moving average of $520.95 and a 200-day simple moving average of $465.57. Fabrinet has a 52-week low of $148.55 and a 52-week 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, topping analysts’ consensus estimates of $3.26 by $0.10. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.08 billion. Fabrinet had a return on equity of 18.69% and a net margin of 9.69%.The firm’s revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior 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, equities research analysts predict that Fabrinet will post 9.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FN. Susquehanna upped 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. Zacks Research upgraded Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. B. Riley Financial lifted their target price on Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Northland Securities set a $600.00 target price on Fabrinet in a report on Monday, December 22nd. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $550.00 price target on shares of Fabrinet in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $541.25.

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.