Dimensional Fund Advisors LP Decreases Holdings in Fabrinet $FN

Key Points

• Dimensional Fund Advisors LP has reduced its holdings in Fabrinet by 4.4%, now owning approximately 654,149 shares valued at $129.2 million.
• Fabrinet's stock recently reported a 1.3% decline, with its earnings per share coming in at $2.65, slightly above analysts' expectations.
• Analysts have varying ratings for Fabrinet, with three giving it a buy rating and an average price target of $307.83.

Dimensional Fund Advisors LP lessened its holdings in shares of Fabrinet (NYSE:FN - Free Report) by 4.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 654,149 shares of the technology company's stock after selling 29,971 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.83% of Fabrinet worth $129,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of FN. Mariner LLC boosted its stake in shares of Fabrinet by 129.3% during the 4th quarter. Mariner LLC now owns 9,010 shares of the technology company's stock worth $1,981,000 after acquiring an additional 5,081 shares during the last quarter. Marshall Wace LLP increased its holdings in Fabrinet by 205.6% in the 4th quarter. Marshall Wace LLP now owns 30,627 shares of the technology company's stock worth $6,734,000 after acquiring an additional 20,606 shares in the last quarter. First Trust Advisors LP increased its holdings in Fabrinet by 96.0% in the 4th quarter. First Trust Advisors LP now owns 2,413 shares of the technology company's stock worth $531,000 after acquiring an additional 1,182 shares in the last quarter. MML Investors Services LLC increased its holdings in Fabrinet by 11.8% in the 4th quarter. MML Investors Services LLC now owns 16,118 shares of the technology company's stock worth $3,544,000 after acquiring an additional 1,707 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Fabrinet by 6.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,197 shares of the technology company's stock worth $923,000 after acquiring an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 97.38% of the company's stock.

Fabrinet Stock Up 6.1%

FN stock traded up $17.89 during mid-day trading on Monday, hitting $312.24. The company had a trading volume of 888,551 shares, compared to its average volume of 727,552. The company has a market capitalization of $11.16 billion, a price-to-earnings ratio of 34.01 and a beta of 1.02. Fabrinet has a 12-month low of $148.55 and a 12-month high of $356.55. The company has a 50-day moving average price of $301.66 and a 200 day moving average price of $242.98.

Fabrinet (NYSE:FN - Get Free Report) last announced its quarterly earnings results on Monday, August 18th. The technology company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.63 by $0.02. The business had revenue of $909.69 million for the quarter, compared to analysts' expectations of $880.19 million. Fabrinet had a net margin of 9.72% and a return on equity of 17.77%. The business's quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.41 EPS. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. As a group, analysts expect that Fabrinet will post 9.4 EPS for the current year.

Analyst Ratings Changes

FN has been the topic of a number of analyst reports. Rosenblatt Securities restated a "buy" rating and set a $360.00 target price on shares of Fabrinet in a research note on Tuesday, August 19th. B. Riley lifted their target price on shares of Fabrinet from $184.00 to $220.00 and gave the company a "neutral" rating in a research note on Tuesday, August 19th. JPMorgan Chase & Co. upgraded shares of Fabrinet from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $318.00 to $345.00 in a research note on Monday. Wolfe Research initiated coverage on shares of Fabrinet in a research note on Tuesday, July 8th. They set a "peer perform" rating on the stock. Finally, Barclays lifted their target price on shares of Fabrinet from $234.00 to $329.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 19th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $312.33.

Insider Activity at Fabrinet

In other news, COO Harpal Gill sold 18,675 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $240.00, for a total transaction of $4,482,000.00. Following the completion of the transaction, the chief operating officer directly owned 18,068 shares in the company, valued at approximately $4,336,320. This represents a 50.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.38% of the company's stock.

Fabrinet Profile

Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing.