Aberdeen Group plc Has $35.85 Million Stock Holdings in Fabrinet $FN

Aberdeen Group plc lowered its stake in Fabrinet (NYSE:FN) by 23.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 98,552 shares of the technology company’s stock after selling 30,132 shares during the period. Aberdeen Group plc owned approximately 0.28% of Fabrinet worth $35,854,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Nordea Investment Management AB increased its holdings in Fabrinet by 0.3% in the 2nd quarter. Nordea Investment Management AB now owns 43,411 shares of the technology company’s stock valued at $12,845,000 after buying an additional 132 shares during the period. Azzad Asset Management Inc. ADV acquired a new stake in shares of Fabrinet during the 3rd quarter worth approximately $1,037,000. Federated Hermes Inc. boosted its position in shares of Fabrinet by 105.2% during the 3rd quarter. Federated Hermes Inc. now owns 5,982 shares of the technology company’s stock worth $2,181,000 after acquiring an additional 3,067 shares in the last quarter. Argent Capital Management LLC bought a new position in Fabrinet in the third quarter valued at approximately $4,931,000. Finally, Gateway Investment Advisers LLC acquired a new position in Fabrinet during the third quarter valued at approximately $1,435,000. 97.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FN. Northland Securities set a $600.00 target price on Fabrinet in a report on Monday, December 22nd. JPMorgan Chase & Co. raised their price objective on Fabrinet from $430.00 to $530.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. Zacks Research upgraded Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. Susquehanna increased their target price on shares of Fabrinet from $550.00 to $570.00 and gave the stock a “positive” rating in a report on Thursday, January 22nd. Finally, B. Riley Financial raised their price target on shares of Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $511.11.

Fabrinet Stock Performance

Shares of NYSE:FN opened at $496.92 on Tuesday. Fabrinet has a 52 week low of $148.55 and a 52 week high of $531.22. The firm has a market cap of $17.80 billion, a PE ratio of 47.60 and a beta of 1.04. The firm’s fifty day moving average is $476.31 and its 200-day moving average is $417.33.

Fabrinet (NYSE:FN) last announced its earnings results on Monday, February 2nd. The technology company reported $3.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.26 by $0.10. Fabrinet had a return on equity of 18.69% and a net margin of 9.69%.The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the company earned $2.61 EPS. Fabrinet’s revenue for the quarter was up 35.9% compared to the same quarter last year. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. Sell-side analysts forecast that Fabrinet will post 9.4 EPS for the current year.

Insider Activity at Fabrinet

In other news, Director Thomas F. Kelly sold 2,200 shares of the stock in a transaction 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 completion of the sale, the director directly owned 18,789 shares in the company, valued at $8,720,726.46. This represents a 10.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Seamus Grady sold 22,451 shares of Fabrinet stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $446.95, for a total transaction of $10,034,474.45. Following the transaction, the chief executive officer directly owned 23,573 shares of the company’s stock, valued at $10,535,952.35. This represents a 48.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 28,151 shares of company stock worth $12,643,707 over the last ninety days. Insiders own 0.24% of the company’s stock.

Fabrinet Company 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.