Fabrinet $FN Shares Sold by Danske Bank A S

Key Points

• Danske Bank A S trimmed its Fabrinet position by 87.2% in Q4, selling 2,716 shares and leaving 400 shares worth about $182,000.
• Fabrinet beat Q3 estimates with revenue up ~39.3% and EPS of $3.72 (vs. $3.58 consensus), and provided Q4 revenue guidance of $1.25B–$1.29B signaling continued top-line strength.
• Analyst sentiment is mixed: several firms raised targets (Needham $800, Rosenblatt $750) but ratings vary—overall a "Moderate Buy" with an average target of $661.75—while institutional investors own roughly 97.38% of the stock.

Danske Bank A S trimmed its position in shares of Fabrinet (NYSE:FN - Free Report) by 87.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 400 shares of the technology company's stock after selling 2,716 shares during the period. Danske Bank A S's holdings in Fabrinet were worth $182,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Westend Capital Management LLC bought a new position in Fabrinet in the 4th quarter worth approximately $29,000. Root Financial Partners LLC acquired a new position in Fabrinet during the 3rd quarter worth $34,000. Rakuten Securities Inc. grew its stake in shares of Fabrinet by 340.9% in the fourth quarter. Rakuten Securities Inc. now owns 97 shares of the technology company's stock worth $44,000 after purchasing an additional 75 shares in the last quarter. USA Financial Formulas bought a new stake in shares of Fabrinet during the fourth quarter valued at about $49,000. Finally, CI Investments Inc. lifted its holdings in Fabrinet by 40.6% in the third quarter. CI Investments Inc. now owns 149 shares of the technology company's stock worth $54,000 after purchasing an additional 43 shares during the period. Institutional investors own 97.38% of the company's stock.

Key Stories Impacting Fabrinet

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Q3 results beat consensus: record Q3 revenue (up ~39%) and EPS that topped estimates, driven by Optical/Telecom and HPC demand — a core reason for the stock strength. FN Q3 earnings beat (Zacks)
• Positive Sentiment: Fabrinet provided Q4 revenue guidance ($1.25B–$1.29B), signaling continued top-line growth that supports bullish investor sentiment. Q4 revenue guidance (Seeking Alpha)
• Positive Sentiment: Analyst support: Needham reaffirmed its buy rating and a high $800 price target, and Rosenblatt raised its target to $750 — these bullish actions likely underpin buyer interest. Needham buy rating (AmericanBankingNews)
• Neutral Sentiment: Earnings call tone: management emphasized surging demand but also flagged tight margins and program ramps — positive for growth but mixed for near-term profitability. Earnings call highlights (TipRanks)
• Neutral Sentiment: Full Q3 earnings call transcript is available for investors who want granular details on revenue mix, customer ramps and supply constraints. Earnings call transcript (Seeking Alpha)
• Negative Sentiment: Datacom supply constraints remain a recurring concern cited by analysts — this could limit how much datacom revenue can accelerate near term and is weighing on some reactions despite the beat. Datacom supply constraints (Seeking Alpha)
• Negative Sentiment: Not all analysts cheered the print: JPMorgan lowered its price target to $680 and put a neutral rating on the stock, and some headlines noted the share reaction was muted/negative in places despite the beat. Analyst target change (Benzinga)
• Negative Sentiment: Commentary emphasizing that telecom (not Nvidia/datacenter) drove the beat suggests revenue concentration risk and may temper enthusiasm about broad-based demand. Analyst note on revenue mix (MSN)

Analyst Upgrades and Downgrades

Several research firms have commented on FN. B. Riley Financial raised their target price on shares of Fabrinet from $366.00 to $452.00 and gave the company a "neutral" rating in a research note on Tuesday, February 3rd. Weiss Ratings lowered shares of Fabrinet from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, April 8th. Northland Securities set a $800.00 target price on Fabrinet in a research report on Monday, April 20th. Needham & Company LLC reiterated a "buy" rating and set a $800.00 price target on shares of Fabrinet in a research report on Tuesday. Finally, Susquehanna upped their price objective on Fabrinet from $550.00 to $570.00 and gave the company a "positive" rating in a report on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, Fabrinet currently has an average rating of "Moderate Buy" and an average target price of $661.75.

Fabrinet Trading Up 2.4%

NYSE:FN opened at $676.20 on Thursday. The business's fifty day moving average price is $592.96 and its 200 day moving average price is $508.64. The firm has a market capitalization of $24.23 billion, a price-to-earnings ratio of 58.09 and a beta of 1.22. Fabrinet has a 1-year low of $199.86 and a 1-year high of $734.79.

Fabrinet (NYSE:FN - Get Free Report) last released its earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.14. The company had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.19 billion. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The business's revenue for the quarter was up 39.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Equities analysts forecast that Fabrinet will post 12.8 earnings per share for the current 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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