Fabrinet $FN Shares Sold by Wedge Capital Management L L P NC

Key Points

• Wedge Capital Management cut its Fabrinet stake by 37.3%, selling 71,874 shares and leaving 120,698 shares (about $54.95 million), with FN representing roughly 1.0% of Wedge's portfolio.
• Fabrinet beat quarterly expectations, reporting $3.36 EPS vs. $3.26 est. and $1.13B revenue vs. $1.08B est., with revenue up 35.9% year‑over‑year and Q3 2026 EPS guidance of $3.45–$3.60.
• Wall Street sentiment is largely positive—the consensus rating is Buy with an average target price of $541.25 and several firms raising price targets (as high as $570).

Wedge Capital Management L L P NC lowered its stake in shares of Fabrinet (NYSE:FN - Free Report) by 37.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,698 shares of the technology company's stock after selling 71,874 shares during the period. Fabrinet comprises 1.0% of Wedge Capital Management L L P NC's investment portfolio, making the stock its 26th biggest position. Wedge Capital Management L L P NC owned about 0.34% of Fabrinet worth $54,951,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Fabrinet by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 4,135,345 shares of the technology company's stock worth $1,507,829,000 after buying an additional 59,002 shares during the last quarter. 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. Invesco Ltd. boosted its stake in shares of Fabrinet by 33.3% in the third quarter. Invesco Ltd. now owns 681,850 shares of the technology company's stock worth $248,616,000 after acquiring an additional 170,297 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Fabrinet by 1.7% in the third quarter. JPMorgan Chase & Co. now owns 646,333 shares of the technology company's stock worth $235,666,000 after acquiring an additional 10,621 shares during the last quarter. Finally, Epoch Investment Partners Inc. increased its position in shares of Fabrinet by 34.1% during the second quarter. Epoch Investment Partners Inc. now owns 522,027 shares of the technology company's stock worth $153,831,000 after purchasing an additional 132,780 shares in the last quarter. Institutional investors and hedge funds own 97.38% of the company's stock.

Wall Street Analysts Forecast Growth

FN has been the topic of a number of research reports. 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 report on Wednesday, February 4th. Rosenblatt Securities reaffirmed a "buy" rating and set a $550.00 target price on shares of Fabrinet in a report on Tuesday, February 3rd. B. Riley Financial increased their target price on shares of Fabrinet from $366.00 to $452.00 and gave the company a "neutral" rating in a research report on Tuesday, February 3rd. Zacks Research raised shares of Fabrinet from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 5th. Finally, Susquehanna upped their price objective on shares of Fabrinet from $550.00 to $570.00 and gave the company a "positive" rating in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $541.25.

Fabrinet Stock Up 0.6%

Shares of NYSE:FN opened at $553.08 on Friday. Fabrinet has a 52-week low of $148.55 and a 52-week high of $632.99. The stock has a market cap of $19.82 billion, a P/E ratio of 52.98 and a beta of 1.01. The business has a fifty day moving average of $515.66 and a two-hundred day moving average of $458.94.

Fabrinet (NYSE:FN - Get Free Report) last announced its quarterly earnings results on Monday, February 2nd. The technology company reported $3.36 earnings per share for the quarter, beating the consensus estimate of $3.26 by $0.10. Fabrinet had a net margin of 9.69% and a return on equity of 18.69%. The firm had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.08 billion. During the same quarter in the previous year, the company posted $2.61 EPS. The company's revenue was up 35.9% compared to the same quarter last year. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. On average, equities analysts anticipate 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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