Campbell Newman Asset Management Inc. Decreases Stock Position in Fabrinet $FN

Key Points

• Campbell Newman Asset Management reduced its stake in Fabrinet by 25.5%, selling 3,591 shares and now holding 10,486 shares worth about $4.77 million.
• Several large institutions—including Wasatch, AllianceBernstein, Arrowstreet and Invesco—added significant positions, leaving hedge funds and other institutions with 97.38% ownership of Fabrinet.
• Fabrinet beat Q results with $3.36 EPS and $1.13B revenue (up 35.9% YoY); the stock trades near a one-year high (~$671) and carries an average analyst rating of "Moderate Buy" with a mean target of $562.50.

Campbell Newman Asset Management Inc. lessened its position in Fabrinet (NYSE:FN - Free Report) by 25.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,486 shares of the technology company's stock after selling 3,591 shares during the quarter. Campbell Newman Asset Management Inc.'s holdings in Fabrinet were worth $4,774,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FN. Wasatch Advisors LP lifted its position in shares of Fabrinet by 45.1% in the second quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company's stock valued at $524,432,000 after acquiring an additional 553,196 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Fabrinet by 226.1% in the third quarter. Alliancebernstein L.P. now owns 499,177 shares of the technology company's stock valued at $182,010,000 after acquiring an additional 346,113 shares in the last quarter. Holocene Advisors LP purchased a new position in shares of Fabrinet in the third quarter valued at approximately $124,847,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Fabrinet by 183.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 333,555 shares of the technology company's stock valued at $121,621,000 after acquiring an additional 215,903 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Fabrinet by 33.3% in the third quarter. Invesco Ltd. now owns 681,850 shares of the technology company's stock valued at $248,616,000 after acquiring an additional 170,297 shares in the last quarter. Hedge funds and other institutional investors own 97.38% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on FN shares. B. Riley Financial lifted their price objective on Fabrinet from $366.00 to $452.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 3rd. Weiss Ratings downgraded Fabrinet from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, April 8th. Susquehanna lifted their price objective on Fabrinet from $550.00 to $570.00 and gave the stock a "positive" rating in a research report on Thursday, January 22nd. Wolfe Research upgraded Fabrinet from a "peer perform" rating to an "outperform" rating and set a $540.00 price objective on the stock in a research report on Wednesday, February 4th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $540.00 price objective on shares of Fabrinet in a research report on Tuesday, February 3rd. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $562.50.

Fabrinet Stock Performance

Shares of Fabrinet stock opened at $671.48 on Friday. Fabrinet has a one year low of $167.33 and a one year high of $708.20. The company has a market cap of $24.06 billion, a price-to-earnings ratio of 64.32 and a beta of 1.04. The business's 50 day moving average price is $550.17 and its 200 day moving average price is $481.46.

Fabrinet (NYSE:FN - Get Free Report) last announced its quarterly earnings data 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 firm 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%.The firm's revenue was up 35.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.61 earnings per share. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. On average, analysts predict 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.

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