Neuberger Berman Group LLC Sells 8,480 Shares of Fabrinet $FN

Neuberger Berman Group LLC reduced its stake in Fabrinet (NYSE:FN) by 8.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 91,495 shares of the technology company’s stock after selling 8,480 shares during the period. Neuberger Berman Group LLC owned 0.26% of Fabrinet worth $33,352,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Wasatch Advisors LP grew its stake 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 last quarter. Norges Bank bought a new stake in shares of Fabrinet during the second quarter worth approximately $124,046,000. Invesco Ltd. grew its position in shares of Fabrinet by 446.6% in the second quarter. Invesco Ltd. now owns 511,553 shares of the technology company’s stock valued at $150,744,000 after purchasing an additional 417,959 shares during the last quarter. Westfield Capital Management Co. LP increased its stake in shares of Fabrinet by 102.8% during the second quarter. Westfield Capital Management Co. LP now owns 663,310 shares of the technology company’s stock worth $195,464,000 after purchasing an additional 336,173 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Fabrinet by 585.8% during the 3rd quarter. American Century Companies Inc. now owns 171,595 shares of the technology company’s stock worth $62,568,000 after purchasing an additional 146,575 shares during the last quarter. 97.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

FN has been the subject of several recent research reports. Rosenblatt Securities restated a “buy” rating and issued a $550.00 price target on shares of Fabrinet in a research note on Tuesday, February 3rd. Needham & Company LLC reissued a “buy” rating and set a $540.00 target price on shares of Fabrinet in a report on Tuesday, February 3rd. Wolfe Research raised shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 target price for the company in a research report on Wednesday, February 4th. Northland Securities set a $600.00 price target on shares of Fabrinet in a research note on Monday, December 22nd. Finally, Weiss Ratings lowered shares of Fabrinet from a “buy (b)” rating to a “hold (c+)” rating in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $541.25.

Fabrinet Stock Down 10.1%

Shares of FN stock opened at $489.66 on Friday. Fabrinet has a twelve month low of $148.55 and a twelve month high of $632.99. The company has a market cap of $17.54 billion, a P/E ratio of 46.90 and a beta of 1.01. The business has a fifty day simple moving average of $495.79 and a 200 day simple moving average of $438.28.

Fabrinet (NYSE:FN) last released its earnings results 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 firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Fabrinet had a return on equity of 18.69% and a net margin of 9.69%.The business’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.61 earnings per share. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. As a group, equities research analysts anticipate that Fabrinet will post 9.4 earnings per share for the current fiscal 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.