Fabrinet $FN Stock Holdings Cut by M&G PLC

M&G PLC cut its position in shares of Fabrinet (NYSE:FN) by 48.2% during the 3rd quarter, Holdings Channel reports. The firm owned 17,724 shares of the technology company’s stock after selling 16,487 shares during the period. M&G PLC’s holdings in Fabrinet were worth $6,469,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Fabrinet by 1.4% during the third quarter. Vanguard Group Inc. now owns 4,135,345 shares of the technology company’s stock valued at $1,507,829,000 after buying an additional 59,002 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Fabrinet by 1.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 646,333 shares of the technology company’s stock valued at $235,666,000 after acquiring an additional 10,621 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of Fabrinet by 2.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 12,588 shares of the technology company’s stock valued at $4,590,000 after purchasing an additional 279 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Fabrinet by 105.2% during the 3rd quarter. HighTower Advisors LLC now owns 5,127 shares of the technology company’s stock valued at $1,869,000 after purchasing an additional 2,628 shares in the last quarter. Finally, Andar Capital Management HK Ltd acquired a new position in shares of Fabrinet in the 3rd quarter worth approximately $3,063,000. Institutional investors own 97.38% of the company’s stock.

Fabrinet Trading Up 7.5%

Shares of FN stock opened at $496.92 on Tuesday. The company has a market capitalization of $17.80 billion, a price-to-earnings ratio of 47.60 and a beta of 1.04. Fabrinet has a 1-year low of $148.55 and a 1-year high of $531.22. The stock’s fifty day simple moving average is $476.31 and its 200-day simple moving average is $417.33.

Fabrinet (NYSE:FN) last announced its quarterly earnings data 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 firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the business earned $2.61 EPS. The business’s revenue for the quarter was up 35.9% on a year-over-year basis. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. On average, sell-side analysts predict that Fabrinet will post 9.4 EPS for the current year.

Insider Transactions at Fabrinet

In other Fabrinet news, Director Homa Bahrami sold 3,500 shares of Fabrinet stock in a transaction on Monday, December 1st. The shares were sold at an average price of $453.75, for a total transaction of $1,588,125.00. Following the completion of the sale, the director owned 18,316 shares of the company’s stock, valued at $8,310,885. This trade represents a 16.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Seamus Grady sold 22,451 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $446.95, for a total transaction of $10,034,474.45. Following the transaction, the chief executive officer owned 23,573 shares in the company, valued at approximately $10,535,952.35. This represents a 48.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 28,151 shares of company stock valued at $12,643,707 over the last three months. 0.24% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Fabrinet in a research note on Monday, December 29th. JPMorgan Chase & Co. upped their price target on Fabrinet from $430.00 to $530.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Wolfe Research raised Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price objective for the company in a research note on Wednesday, February 4th. Zacks Research upgraded Fabrinet from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. Finally, Susquehanna boosted their target price on Fabrinet from $550.00 to $570.00 and gave the stock a “positive” rating in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $511.11.

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.