Wellington Management Group LLP Has $72.13 Million Position in Fabrinet $FN

Wellington Management Group LLP lowered its holdings in shares of Fabrinet (NYSE:FN) by 66.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 128,330 shares of the technology company’s stock after selling 251,955 shares during the quarter. Wellington Management Group LLP’s holdings in Fabrinet were worth $72,132,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Archer Investment Corp acquired a new position in Fabrinet during the 2nd quarter worth $211,000. Public Employees Retirement System of Ohio acquired a new position in shares of Fabrinet in the 2nd quarter worth approximately $5,988,000. Paradigm Capital Management Inc. NY bought a new stake in shares of Fabrinet during the second quarter worth $298,183,000. Great Lakes Advisors LLC acquired a new stake in Fabrinet in the 2nd quarter valued at about $3,024,000. Finally, Wedge Capital Management L L P NC increased its holdings in shares of Fabrinet by 11.5% in the second quarter. Wedge Capital Management L L P NC now owns 128,795 shares of the technology company’s stock valued at $72,393,000 after purchasing an additional 13,245 shares in the last quarter. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Fabrinet Trading Down 1.8%

FN stock opened at $394.93 on Thursday. Fabrinet has a 1-year low of $333.05 and a 1-year high of $748.89. The firm has a market capitalization of $14.15 billion, a PE ratio of 30.26 and a beta of 1.21. The business’s 50 day simple moving average is $488.04 and its 200 day simple moving average is $565.57.

Fabrinet (NYSE:FN) last posted its earnings results on Monday, August 17th. The technology company reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.81 by $0.29. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Fabrinet had a net margin of 10.19% and a return on equity of 21.23%. Fabrinet’s quarterly revenue was up 44.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.65 EPS. Fabrinet has set its Q1 2027 guidance at 4.100-4.250 EPS. As a group, sell-side analysts predict that Fabrinet will post 17.5 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on FN shares. Rosenblatt Securities reissued a “buy” rating and set a $750.00 price objective on shares of Fabrinet in a report on Tuesday, August 18th. Zacks Research downgraded Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Barclays lifted their price target on shares of Fabrinet from $702.00 to $739.00 and gave the company an “overweight” rating in a research note on Tuesday, August 18th. Wall Street Zen lowered Fabrinet from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Finally, Needham & Company LLC restated a “buy” rating and set a $650.00 target price on shares of Fabrinet in a report on Tuesday, August 18th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $649.50.

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.