Fabrinet $FN Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its stake in Fabrinet (NYSE:FN - Free Report) by 108.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 165,146 shares of the technology company's stock after purchasing an additional 85,780 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.46% of Fabrinet worth $88,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Fabrinet in the 1st quarter worth $203,000. Empowered Funds LLC acquired a new stake in Fabrinet during the first quarter worth about $2,331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Fabrinet by 4.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,444 shares of the technology company's stock worth $15,691,000 after purchasing an additional 3,717 shares during the last quarter. M&T Bank Corp purchased a new position in Fabrinet during the second quarter worth about $214,000. Finally, EverSource Wealth Advisors LLC raised its stake in Fabrinet by 574.7% during the second quarter. EverSource Wealth Advisors LLC now owns 533 shares of the technology company's stock worth $157,000 after purchasing an additional 454 shares during the period. Institutional investors and hedge funds own 97.38% of the company's stock.

Insider Buying and Selling

In related news, Director Homa Bahrami sold 2,500 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $711.91, for a total transaction of $1,779,775.00. Following the completion of the sale, the director owned 16,233 shares in the company, valued at $11,556,435.03. This represents a 13.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.24% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on FN shares. Weiss Ratings lowered Fabrinet from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, June 30th. Fox Advisors lowered Fabrinet from a "strong-buy" rating to an "equal weight" rating in a research note on Tuesday, May 5th. Barclays increased their price target on Fabrinet from $548.00 to $702.00 and gave the stock an "overweight" rating in a report on Tuesday, May 5th. Needham & Company LLC reissued a "buy" rating and set a $800.00 price objective on shares of Fabrinet in a research report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Fabrinet from $700.00 to $680.00 and set a "neutral" rating on the stock in a report on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $661.75.

Fabrinet Stock Up 3.6%

Shares of Fabrinet stock opened at $476.68 on Friday. Fabrinet has a 52 week low of $272.49 and a 52 week high of $748.89. The firm's 50 day moving average is $598.02 and its two-hundred day moving average is $563.20. The firm has a market capitalization of $17.08 billion, a P/E ratio of 40.95 and a beta of 1.20.

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

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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