Principal Financial Group Inc. Sells 27,775 Shares of Fabrinet $FN

Principal Financial Group Inc. trimmed its position in Fabrinet (NYSE:FN) by 13.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 180,650 shares of the technology company’s stock after selling 27,775 shares during the quarter. Principal Financial Group Inc. owned about 0.50% of Fabrinet worth $65,869,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Root Financial Partners LLC acquired a new position in Fabrinet during the 3rd quarter worth $34,000. Elevation Point Wealth Partners LLC bought a new position in shares of Fabrinet in the second quarter worth about $35,000. First Horizon Advisors Inc. increased its stake in shares of Fabrinet by 124.2% in the second quarter. First Horizon Advisors Inc. now owns 139 shares of the technology company’s stock worth $41,000 after purchasing an additional 77 shares during the period. Cullen Frost Bankers Inc. lifted its position in shares of Fabrinet by 118.5% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 142 shares of the technology company’s stock worth $42,000 after purchasing an additional 77 shares during the last quarter. Finally, REAP Financial Group LLC boosted its stake in Fabrinet by 171.9% during the 2nd quarter. REAP Financial Group LLC now owns 155 shares of the technology company’s stock valued at $46,000 after purchasing an additional 98 shares during the period. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Fabrinet

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Q2 results beat consensus: revenue rose ~35.9% Y/Y to ~$1.13B and GAAP EPS of $3.36 topped estimates, marking the company’s strongest growth in years — a fundamental driver for upside. Read More.
• Positive Sentiment: Management raised Q3 FY2026 guidance: EPS guidance of $3.45–$3.60 and revenue guidance around $1.2B both sit above Street expectations — supports durability of demand and capacity expansion narrative. Read More.
• Positive Sentiment: Analysts / buy ratings remain supportive: Susquehanna, Needham and Rosenblatt have reiterated buy/positive views and high price targets, reinforcing institutional conviction on hyperscale demand and capacity investments. Read More.
• Neutral Sentiment: Earnings call / slide deck available for detail: management commentary and the presentation provide deeper context on customer mix, FX and capex plans — useful for investors wanting to parse sustainability of margins. Read More. and Read More.
• Negative Sentiment: Shares fell sharply on the print despite beats — headlines cite a sell‑off as investors dig into cash flow and capital spend details, suggesting profit‑taking and short‑term positioning drove the decline. Read More.
• Negative Sentiment: Third‑party reports flagged liquidity and capex shifts: one data summary showed operating cash down materially, cash balances reduced and a sharp rise in capex (expansion spending), plus notable insider selling — factors that can pressure sentiment even with strong revenue. Read More.
• Negative Sentiment: Market reaction articles emphasize the disconnect between strong results and the stock move, implying expectations were already priced in and that investors are looking beyond headline beats to cash flow, margins and execution risk. Read More.

Insider Buying and Selling at Fabrinet

In other Fabrinet news, CEO Seamus Grady sold 22,451 shares of Fabrinet stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $446.95, for a total transaction of $10,034,474.45. Following the completion of the transaction, the chief executive officer directly owned 23,573 shares of the company’s stock, valued at approximately $10,535,952.35. This trade represents a 48.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Homa Bahrami sold 3,500 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $453.75, for a total transaction of $1,588,125.00. Following the completion of the sale, the director owned 18,316 shares in the company, valued at $8,310,885. This represents a 16.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 28,151 shares of company stock valued at $12,643,707. 0.24% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

FN has been the topic of several recent analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $550.00 price target on shares of Fabrinet in a research report on Tuesday. B. Riley raised their price objective on shares of Fabrinet from $366.00 to $452.00 and gave the stock a “neutral” rating in a research note on Tuesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Fabrinet in a research note on Monday, December 29th. Barclays increased their price target on shares of Fabrinet from $537.00 to $548.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Needham & Company LLC restated a “buy” rating and set a $540.00 price objective on shares of Fabrinet in a report on Tuesday. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $507.50.

Fabrinet Price Performance

Shares of FN stock opened at $448.70 on Wednesday. Fabrinet has a one year low of $148.55 and a one year high of $531.22. The stock has a fifty day moving average price of $473.87 and a 200 day moving average price of $407.13. The stock has a market cap of $16.08 billion, a P/E ratio of 42.98 and a beta of 1.04.

Fabrinet (NYSE:FN) last announced its quarterly earnings data on Monday, February 2nd. The technology company reported $3.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.26 by $0.10. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Fabrinet had a net margin of 9.69% and a return on equity of 19.16%. The business’s revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.61 EPS. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. Equities research analysts anticipate that Fabrinet will post 9.4 EPS for the current year.

About Fabrinet

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.