Allspring Global Investments Holdings LLC Grows Position in Fabrinet $FN

Allspring Global Investments Holdings LLC boosted its stake in Fabrinet (NYSE:FN) by 34.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 70,675 shares of the technology company’s stock after buying an additional 18,274 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Fabrinet were worth $20,433,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Maseco LLP purchased a new stake in Fabrinet in the 2nd quarter valued at $25,000. Banque Cantonale Vaudoise purchased a new stake in Fabrinet in the 1st quarter valued at $29,000. Berbice Capital Management LLC purchased a new stake in Fabrinet in the 1st quarter valued at $30,000. Wayfinding Financial LLC purchased a new stake in Fabrinet in the 1st quarter valued at $30,000. Finally, REAP Financial Group LLC raised its position in Fabrinet by 171.9% in the 2nd quarter. REAP Financial Group LLC now owns 155 shares of the technology company’s stock valued at $46,000 after buying an additional 98 shares during the last quarter. 97.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Edward T. Archer sold 3,333 shares of Fabrinet stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $354.48, for a total value of $1,181,481.84. Following the completion of the sale, the executive vice president owned 6,644 shares of the company’s stock, valued at approximately $2,355,165.12. This trade represents a 33.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Seamus Grady sold 9,513 shares of Fabrinet stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $329.52, for a total value of $3,134,723.76. Following the completion of the sale, the chief executive officer directly owned 46,024 shares of the company’s stock, valued at approximately $15,165,828.48. This trade represents a 17.13% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,049 shares of company stock valued at $9,360,401. 0.38% of the stock is owned by insiders.

Fabrinet Stock Performance

Shares of FN opened at $412.97 on Friday. The business has a 50-day moving average of $353.58 and a 200 day moving average of $283.57. Fabrinet has a fifty-two week low of $148.55 and a fifty-two week high of $432.00. The firm has a market cap of $14.76 billion, a P/E ratio of 44.99 and a beta of 1.05.

Fabrinet (NYSE:FN) last announced its quarterly earnings data on Monday, August 18th. The technology company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.02. Fabrinet had a return on equity of 17.77% and a net margin of 9.72%.The company had revenue of $909.69 million during the quarter, compared to analyst estimates of $880.19 million. During the same quarter last year, the firm posted $2.41 EPS. The firm’s revenue for the quarter was up 20.8% on a year-over-year basis. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. As a group, research analysts predict that Fabrinet will post 9.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FN. Barclays increased their price target on Fabrinet from $234.00 to $329.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 19th. Wolfe Research began coverage on Fabrinet in a research report on Tuesday, July 8th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. raised their target price on Fabrinet from $345.00 to $430.00 and gave the company an “overweight” rating in a research report on Thursday. B. Riley raised their target price on Fabrinet from $184.00 to $220.00 and gave the company a “neutral” rating in a research report on Tuesday, August 19th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Fabrinet in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $337.33.

Fabrinet Profile

Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing.