Principal Financial Group Inc. Has $85.54 Million Position in Fabrinet $FN

Key Points

• Principal Financial Group boosted its stake in Fabrinet to 187,883 shares (about $85.54 million), a 4.0% increase that left it owning roughly 0.52% of the company per the latest 13F filing.
• Fabrinet posted a strong Q3 with revenue up ~39% to $1.21B and EPS of $3.72 beating estimates, and it issued Q4 revenue guidance of $1.25B–$1.29B, supporting continued top-line growth.
• Analyst sentiment is largely bullish but mixed: several firms raised or reiterated buy ratings with high price targets (Needham $800, Rosenblatt $750), while concerns about datacom supply constraints and tight margins have led some caution (JPMorgan moved to neutral and lowered its target).

Principal Financial Group Inc. boosted its stake in Fabrinet (NYSE:FN - Free Report) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 187,883 shares of the technology company's stock after acquiring an additional 7,233 shares during the period. Principal Financial Group Inc. owned 0.52% of Fabrinet worth $85,539,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Fabrinet by 1.4% in the third quarter. Vanguard Group Inc. now owns 4,135,345 shares of the technology company's stock valued at $1,507,829,000 after acquiring an additional 59,002 shares during the last quarter. Wasatch Advisors LP boosted its holdings in 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 during the last quarter. Invesco Ltd. boosted its holdings in Fabrinet by 33.3% in the third quarter. Invesco Ltd. now owns 681,850 shares of the technology company's stock valued at $248,616,000 after acquiring an additional 170,297 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Fabrinet by 1.7% in the third quarter. JPMorgan Chase & Co. now owns 646,333 shares of the technology company's stock valued at $235,666,000 after acquiring an additional 10,621 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Fabrinet by 226.1% in the third quarter. Alliancebernstein L.P. now owns 499,177 shares of the technology company's stock valued at $182,010,000 after acquiring an additional 346,113 shares during the last quarter. 97.38% of the stock is currently owned by institutional investors.

More Fabrinet News

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)

Fabrinet Stock Performance

Fabrinet stock opened at $676.20 on Thursday. The stock 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 52-week low of $199.86 and a 52-week high of $734.79. The stock's 50 day moving average price is $592.96 and its two-hundred day moving average price is $508.64.

Fabrinet (NYSE:FN - Get Free Report) last posted its quarterly earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.58 by $0.14. The firm 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 company's revenue for the quarter was up 39.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. On average, equities research analysts forecast that Fabrinet will post 12.8 EPS for the current year.

Wall Street Analyst Weigh In

FN has been the topic of several analyst reports. Zacks Research cut Fabrinet from a "strong-buy" rating to a "hold" rating in a report on Monday, April 6th. Northland Securities set a $800.00 target price on Fabrinet in a report on Monday, April 20th. Needham & Company LLC reiterated a "buy" rating and issued a $800.00 target price on shares of Fabrinet in a report on Tuesday. Rosenblatt Securities upped their target price on Fabrinet from $715.00 to $750.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Susquehanna increased their price target on Fabrinet from $550.00 to $570.00 and gave the stock a "positive" rating in a report on Thursday, January 22nd. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $661.75.

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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