Capital Research Global Investors Sells 411,350 Shares of Fabrinet $FN

Key Points

• Capital Research Global Investors reduced its stake in Fabrinet by 29%, selling 411,350 shares in Q3 and finishing the quarter with 1,008,468 shares (a 2.81% stake) valued at about $367.7 million.
• Fabrinet beat Q results—$3.36 EPS vs. $3.26 expected and $1.13B revenue (up 35.9% YoY)—the stock trades near $543.73 with a $19.48B market cap, and analysts hold a consensus Moderate Buy rating (average target $541.25) after several price-target raises.

Capital Research Global Investors decreased its holdings in shares of Fabrinet (NYSE:FN - Free Report) by 29.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,008,468 shares of the technology company's stock after selling 411,350 shares during the quarter. Capital Research Global Investors owned 2.81% of Fabrinet worth $367,708,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in FN. Azzad Asset Management Inc. ADV purchased a new stake in Fabrinet during the 3rd quarter valued at about $1,037,000. Federated Hermes Inc. raised its holdings in Fabrinet by 105.2% in the third quarter. Federated Hermes Inc. now owns 5,982 shares of the technology company's stock worth $2,181,000 after buying an additional 3,067 shares during the last quarter. Argent Capital Management LLC bought a new position in shares of Fabrinet in the third quarter worth approximately $4,931,000. Torray Investment Partners LLC purchased a new stake in shares of Fabrinet during the third quarter valued at approximately $2,458,000. Finally, Gateway Investment Advisers LLC purchased a new stake in shares of Fabrinet during the third quarter valued at approximately $1,435,000. Institutional investors own 97.38% of the company's stock.

Analyst Upgrades and Downgrades

FN has been the topic of a number of research analyst reports. Zacks Research raised Fabrinet from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 5th. Needham & Company LLC restated a "buy" rating and set a $540.00 target price on shares of Fabrinet in a research note on Tuesday, February 3rd. Barclays lifted their price target on shares of Fabrinet from $537.00 to $548.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 3rd. Northland Securities set a $600.00 price objective on shares of Fabrinet in a research report on Monday, December 22nd. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $550.00 target price on shares of Fabrinet in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $541.25.

Fabrinet Stock Up 3.1%

Shares of NYSE:FN opened at $543.73 on Wednesday. The firm has a fifty day simple moving average of $498.53 and a two-hundred day simple moving average of $442.92. Fabrinet has a 52 week low of $148.55 and a 52 week high of $632.99. The stock has a market capitalization of $19.48 billion, a P/E ratio of 52.08 and a beta of 1.01.

Fabrinet (NYSE:FN - Get Free Report) last posted its quarterly earnings data on Monday, February 2nd. The technology company reported $3.36 earnings per share for the quarter, beating analysts' consensus estimates of $3.26 by $0.10. The business had revenue of $1.13 billion for 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 business's revenue was up 35.9% compared to the same quarter last year. During the same quarter in the previous 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 expect that Fabrinet will post 9.4 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.

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