Principal Financial Group Inc. Purchases 7,233 Shares of Fabrinet $FN

Principal Financial Group Inc. increased its position in Fabrinet (NYSE:FN) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 187,883 shares of the technology company’s stock after purchasing an additional 7,233 shares during the period. Principal Financial Group Inc.’s holdings in Fabrinet were worth $85,539,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Balboa Wealth Partners lifted its holdings in shares of Fabrinet by 2.5% in the 4th quarter. Balboa Wealth Partners now owns 863 shares of the technology company’s stock worth $393,000 after purchasing an additional 21 shares in the last quarter. Richardson Financial Services Inc. lifted its holdings in shares of Fabrinet by 12.2% in the 4th quarter. Richardson Financial Services Inc. now owns 211 shares of the technology company’s stock worth $96,000 after purchasing an additional 23 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of Fabrinet by 20.4% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 171 shares of the technology company’s stock worth $62,000 after purchasing an additional 29 shares in the last quarter. Evergreen Capital Management LLC lifted its holdings in shares of Fabrinet by 1.0% in the 2nd quarter. Evergreen Capital Management LLC now owns 3,032 shares of the technology company’s stock worth $893,000 after purchasing an additional 31 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC lifted its holdings in shares of Fabrinet by 2.8% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 1,134 shares of the technology company’s stock worth $516,000 after purchasing an additional 31 shares in the last quarter. 97.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Needham & Company LLC reiterated a “buy” rating and issued a $800.00 target price on shares of Fabrinet in a report on Tuesday. Susquehanna increased their target price on Fabrinet from $550.00 to $570.00 and gave the stock a “positive” rating in a report on Thursday, January 22nd. Zacks Research cut Fabrinet from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Fox Advisors cut Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday. Finally, Northland Securities set a $800.00 price target on Fabrinet in a research report on Monday, April 20th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Fabrinet presently has a consensus rating of “Moderate Buy” and an average target price of $661.75.

Key Headlines Impacting Fabrinet

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Q3 results beat consensus: record Q3 revenue (up ~39%) and EPS that topped estimates, driven by Optical/Telecom and HPC demand — a core reason for the stock strength. FN Q3 earnings beat (Zacks)
• Positive Sentiment: Fabrinet provided Q4 revenue guidance ($1.25B–$1.29B), signaling continued top-line growth that supports bullish investor sentiment. Q4 revenue guidance (Seeking Alpha)
• Positive Sentiment: Analyst support: Needham reaffirmed its buy rating and a high $800 price target, and Rosenblatt raised its target to $750 — these bullish actions likely underpin buyer interest. Needham buy rating (AmericanBankingNews)
• Neutral Sentiment: Earnings call tone: management emphasized surging demand but also flagged tight margins and program ramps — positive for growth but mixed for near-term profitability. Earnings call highlights (TipRanks)
• Neutral Sentiment: Full Q3 earnings call transcript is available for investors who want granular details on revenue mix, customer ramps and supply constraints. Earnings call transcript (Seeking Alpha)
• Negative Sentiment: Datacom supply constraints remain a recurring concern cited by analysts — this could limit how much datacom revenue can accelerate near term and is weighing on some reactions despite the beat. Datacom supply constraints (Seeking Alpha)
• Negative Sentiment: Not all analysts cheered the print: JPMorgan lowered its price target to $680 and put a neutral rating on the stock, and some headlines noted the share reaction was muted/negative in places despite the beat. Analyst target change (Benzinga)
• Negative Sentiment: Commentary emphasizing that telecom (not Nvidia/datacenter) drove the beat suggests revenue concentration risk and may temper enthusiasm about broad-based demand. Analyst note on revenue mix (MSN)

Fabrinet Trading Up 2.4%

NYSE FN opened at $676.20 on Thursday. The firm has a market capitalization of $24.23 billion, a P/E ratio of 58.09 and a beta of 1.22. The business has a fifty day simple moving average of $592.96 and a 200 day simple moving average of $508.64. Fabrinet has a 12 month low of $199.86 and a 12 month high of $734.79.

Fabrinet (NYSE:FN) last released its quarterly earnings results on Monday, May 4th. The technology company reported $3.72 EPS for the quarter, beating analysts’ consensus estimates of $3.58 by $0.14. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.Fabrinet’s quarterly revenue was up 39.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, sell-side analysts predict that Fabrinet will post 12.8 EPS for the current fiscal year.

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.