Swedbank AB Acquires Shares of 11,800 Fabrinet $FN

Swedbank AB acquired a new stake in Fabrinet (NYSE:FN) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 11,800 shares of the technology company’s stock, valued at approximately $5,372,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Balboa Wealth Partners lifted its position in Fabrinet by 2.5% during the fourth quarter. Balboa Wealth Partners now owns 863 shares of the technology company’s stock worth $393,000 after purchasing an additional 21 shares during the period. Richardson Financial Services Inc. lifted its position in Fabrinet by 12.2% during the fourth quarter. Richardson Financial Services Inc. now owns 211 shares of the technology company’s stock worth $96,000 after purchasing an additional 23 shares during the period. Allworth Financial LP lifted its position in Fabrinet by 7.4% during the fourth quarter. Allworth Financial LP now owns 405 shares of the technology company’s stock worth $184,000 after purchasing an additional 28 shares during the period. Cullen Frost Bankers Inc. lifted its position in Fabrinet by 20.4% during the third quarter. Cullen Frost Bankers Inc. now owns 171 shares of the technology company’s stock worth $62,000 after purchasing an additional 29 shares during the period. Finally, Evergreen Capital Management LLC lifted its position in Fabrinet by 1.0% during the second quarter. Evergreen Capital Management LLC now owns 3,032 shares of the technology company’s stock worth $893,000 after purchasing an additional 31 shares during the period. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FN has been the subject of several recent analyst reports. Wolfe Research raised shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price objective for the company in a research report on Wednesday, February 4th. B. Riley Financial upped their price objective on shares of Fabrinet from $366.00 to $452.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Northland Securities set a $800.00 price objective on shares of Fabrinet in a research report on Monday, April 20th. Weiss Ratings raised shares of Fabrinet from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Finally, Barclays increased their target price on shares of Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $661.75.

Insider Activity at Fabrinet

In other news, Director Homa Bahrami sold 2,500 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $711.91, for a total value of $1,779,775.00. Following the completion of the transaction, the director owned 16,233 shares of the company’s stock, valued at approximately $11,556,435.03. This represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.24% of the company’s stock.

Fabrinet Trading Down 3.2%

FN stock opened at $681.52 on Wednesday. The stock has a market capitalization of $24.42 billion, a P/E ratio of 58.55 and a beta of 1.22. Fabrinet has a 12 month low of $224.66 and a 12 month high of $748.89. The firm has a 50-day moving average price of $630.36 and a 200-day moving average price of $533.16.

Fabrinet (NYSE:FN) last posted its earnings results on Monday, May 4th. The technology company reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $3.58 by $0.14. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The business’s revenue for the quarter was up 39.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, equities analysts predict that Fabrinet will post 12.96 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.