Swedbank AB Buys Shares of 11,800 Fabrinet $FN

Swedbank AB bought a new stake in Fabrinet (NYSE:FN) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 11,800 shares of the technology company’s stock, valued at approximately $5,372,000.

A number of other institutional investors also recently made changes to their positions in FN. Westend Capital Management LLC acquired a new position in shares of Fabrinet in the 4th quarter valued at approximately $29,000. Root Financial Partners LLC acquired a new position in shares of Fabrinet in the 3rd quarter valued at approximately $34,000. Rakuten Securities Inc. raised its position in shares of Fabrinet by 340.9% in the 4th quarter. Rakuten Securities Inc. now owns 97 shares of the technology company’s stock valued at $44,000 after purchasing an additional 75 shares in the last quarter. USA Financial Formulas acquired a new position in shares of Fabrinet in the 4th quarter valued at approximately $49,000. Finally, CI Investments Inc. raised its position in shares of Fabrinet by 40.6% in the 3rd quarter. CI Investments Inc. now owns 149 shares of the technology company’s stock valued at $54,000 after purchasing an additional 43 shares in the last quarter. 97.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FN. Weiss Ratings raised Fabrinet from a “hold (c+)” rating to a “buy (b)” rating in a research report on Wednesday. Fox Advisors lowered Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research report on Tuesday. Needham & Company LLC reiterated a “buy” rating and issued a $800.00 price target on shares of Fabrinet in a report on Tuesday, May 5th. Wolfe Research upgraded Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price target for the company in a report on Wednesday, February 4th. Finally, B. Riley Financial boosted their price target on Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $661.75.

Fabrinet News Summary

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Northland Securities lifted its earnings forecasts for Fabrinet, including higher FY2027 and Q4 2027 EPS estimates, suggesting improving profit expectations. Northland Securities EPS estimate updates
• Positive Sentiment: Zacks Research upgraded Fabrinet from hold to strong-buy, reinforcing bullish analyst sentiment on the stock. Zacks upgrade
• Positive Sentiment: Another recent note described Fabrinet as a technology name analysts are bullish on, adding to the constructive outlook. Analysts are bullish on Fabrinet
• Neutral Sentiment: Fabrinet also appeared in a comparison article on how it has performed versus the broader computer and technology sector this year, which is informational rather than a direct catalyst. Sector performance comparison
• Negative Sentiment: A separate report from JPMorgan Chase & Co. was described as pessimistic on Fabrinet’s stock price, which may be tempering some of the upside from the analyst upgrades. JPMorgan pessimistic forecast

Fabrinet Trading Down 0.9%

Shares of NYSE FN opened at $620.70 on Friday. Fabrinet has a twelve month low of $199.86 and a twelve month high of $734.79. The company has a market capitalization of $22.24 billion, a price-to-earnings ratio of 53.32 and a beta of 1.22. The business has a 50 day simple moving average of $593.72 and a 200-day simple moving average of $510.15.

Fabrinet (NYSE:FN) last issued its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $3.58 by $0.14. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The firm’s revenue was up 39.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, equities analysts predict that Fabrinet will post 12.96 earnings per share for the current 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.