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

Wedge Capital Management L L P NC trimmed its holdings in Fabrinet (NYSE:FN) by 37.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 120,698 shares of the technology company’s stock after selling 71,874 shares during the period. Fabrinet makes up about 1.0% of Wedge Capital Management L L P NC’s holdings, making the stock its 26th largest holding. Wedge Capital Management L L P NC’s holdings in Fabrinet were worth $54,951,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FN. Vanguard Group Inc. lifted its stake in shares of Fabrinet by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 4,135,345 shares of the technology company’s stock valued at $1,507,829,000 after purchasing an additional 59,002 shares during the last quarter. Wasatch Advisors LP raised its holdings in Fabrinet by 45.1% in the 2nd quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock valued at $524,432,000 after buying an additional 553,196 shares during the period. Invesco Ltd. raised its holdings in Fabrinet by 33.3% in the 3rd quarter. Invesco Ltd. now owns 681,850 shares of the technology company’s stock valued at $248,616,000 after buying an additional 170,297 shares during the period. JPMorgan Chase & Co. lifted its position 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 buying an additional 10,621 shares during the last quarter. Finally, Epoch Investment Partners Inc. boosted its stake in 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 buying an additional 132,780 shares during the period. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Analyst Ratings Changes

FN has been the subject of a number of recent analyst reports. Rosenblatt Securities reiterated a “buy” rating and set a $550.00 price target on shares of Fabrinet 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 report on Thursday, February 5th. Needham & Company LLC reiterated a “buy” rating and issued a $540.00 target price on shares of Fabrinet in a report on Tuesday, February 3rd. Susquehanna boosted their target price on Fabrinet from $550.00 to $570.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. Finally, Wolfe Research upgraded Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price target for the company in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $541.25.

Fabrinet Stock Performance

NYSE FN opened at $553.08 on Friday. The firm has a 50 day simple moving average of $515.66 and a 200-day simple moving average of $458.94. Fabrinet has a one year low of $148.55 and a one year high of $632.99. The firm has a market cap of $19.82 billion, a price-to-earnings ratio of 52.98 and a beta of 1.01.

Fabrinet (NYSE:FN) last announced its earnings results on Monday, February 2nd. The technology company reported $3.36 earnings per share for the quarter, topping 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 the consensus estimate of $1.08 billion. During the same period in the prior year, the firm earned $2.61 EPS. The firm’s revenue for the quarter was up 35.9% on a year-over-year basis. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. Equities analysts predict that Fabrinet will post 9.4 EPS for the current fiscal 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.