Fabrinet $FN Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its holdings in Fabrinet (NYSE:FN) by 25.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 482,351 shares of the technology company’s stock after selling 166,194 shares during the quarter. Dimensional Fund Advisors LP owned 1.35% of Fabrinet worth $175,870,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Wasatch Advisors LP grew its holdings in shares of Fabrinet by 45.1% during the second quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock worth $524,432,000 after buying an additional 553,196 shares in the last quarter. Norges Bank purchased a new position in shares of Fabrinet in the 2nd quarter worth $124,046,000. Invesco Ltd. grew its position in Fabrinet by 446.6% during the second quarter. Invesco Ltd. now owns 511,553 shares of the technology company’s stock valued at $150,744,000 after acquiring an additional 417,959 shares during the period. Westfield Capital Management Co. LP increased its stake in Fabrinet by 102.8% during the second 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, American Century Companies Inc. raised its holdings in shares of Fabrinet by 585.8% in the 3rd quarter. American Century Companies Inc. now owns 171,595 shares of the technology company’s stock worth $62,568,000 after purchasing an additional 146,575 shares during the period. 97.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FN. Susquehanna raised their target price on shares of Fabrinet from $550.00 to $570.00 and gave the company a “positive” rating in a research note on Thursday, January 22nd. Northland Securities set a $600.00 price objective on Fabrinet in a research note on Monday, December 22nd. Weiss Ratings lowered Fabrinet from a “buy (b)” rating to a “hold (c+)” rating in a research note on Friday, February 13th. Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. Finally, Barclays upped their price target on Fabrinet from $537.00 to $548.00 and gave the stock an “overweight” rating in a report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Fabrinet presently has a consensus rating of “Moderate Buy” and an average target price of $541.25.

Fabrinet Stock Performance

NYSE:FN opened at $526.81 on Tuesday. The company has a market capitalization of $18.88 billion, a price-to-earnings ratio of 50.46 and a beta of 1.01. Fabrinet has a one year low of $148.55 and a one year high of $632.99. The stock has a 50-day simple moving average of $496.90 and a 200 day simple moving average of $441.16.

Fabrinet (NYSE:FN) last released its earnings results 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 company 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%.Fabrinet’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.61 EPS. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. On average, equities research analysts forecast that Fabrinet will post 9.4 EPS for the current fiscal year.

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.