Barclays PLC Acquires 2,478 Shares of Fabrinet $FN

Key Points

• Barclays PLC increased its stake in Fabrinet by 3.0% in Q3, buying 2,478 shares to hold 84,154 shares (about 0.23% of the company) valued at roughly $30.68 million.
• Fabrinet beat expectations with $3.36 EPS versus $3.26 expected and $1.13B revenue (+35.9% YoY), set Q3 2026 EPS guidance of 3.450–3.600, and the stock is trading around $543.73 (up 3.1%) with a consensus "Moderate Buy" target near $541.25.

Barclays PLC grew its stake in Fabrinet (NYSE:FN - Free Report) by 3.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,154 shares of the technology company's stock after acquiring an additional 2,478 shares during the period. Barclays PLC owned 0.23% of Fabrinet worth $30,684,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of FN. Root Financial Partners LLC acquired a new position in Fabrinet during the 3rd quarter worth $34,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Fabrinet during the second quarter worth $35,000. First Horizon Advisors Inc. lifted its stake in shares of Fabrinet by 124.2% during the second quarter. First Horizon Advisors Inc. now owns 139 shares of the technology company's stock valued at $41,000 after acquiring an additional 77 shares during the period. CI Investments Inc. boosted its holdings in Fabrinet by 40.6% in the third quarter. CI Investments Inc. now owns 149 shares of the technology company's stock valued at $54,000 after acquiring an additional 43 shares during the last quarter. Finally, Cullen Frost Bankers Inc. increased its position in Fabrinet by 20.4% in the third quarter. Cullen Frost Bankers Inc. now owns 171 shares of the technology company's stock worth $62,000 after purchasing an additional 29 shares during the period. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Fabrinet Stock Up 3.1%

Shares of NYSE FN opened at $543.73 on Wednesday. Fabrinet has a twelve month low of $148.55 and a twelve month high of $632.99. The stock has a market cap of $19.48 billion, a price-to-earnings ratio of 52.08 and a beta of 1.01. The company's fifty day moving average is $498.53 and its 200-day moving average is $442.92.

Fabrinet (NYSE:FN - Get Free Report) last released its quarterly earnings data on Monday, February 2nd. The technology company reported $3.36 EPS for the quarter, beating analysts' consensus estimates of $3.26 by $0.10. The business had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.08 billion. Fabrinet had a net margin of 9.69% and a return on equity of 18.69%. The firm's quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.61 EPS. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. On average, research analysts anticipate that Fabrinet will post 9.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. B. Riley Financial upped their target price on shares of Fabrinet from $366.00 to $452.00 and gave the company a "neutral" rating in a research report on Tuesday, February 3rd. Susquehanna boosted their price target on shares of Fabrinet from $550.00 to $570.00 and gave the stock a "positive" rating in a research note on Thursday, January 22nd. Barclays raised their price objective on shares of Fabrinet from $537.00 to $548.00 and gave the company an "overweight" rating in a research note on Tuesday, February 3rd. Weiss Ratings cut shares of Fabrinet from a "buy (b)" rating to a "hold (c+)" rating in a research report on Friday, February 13th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $550.00 price target on shares of Fabrinet in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Fabrinet currently has a consensus rating of "Moderate Buy" and a consensus target price of $541.25.

Fabrinet 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.

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