Thrivent Financial for Lutherans Cuts Stock Holdings in Fabrinet $FN

Thrivent Financial for Lutherans lowered its stake in shares of Fabrinet (NYSE:FN) by 8.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 192,667 shares of the technology company’s stock after selling 18,018 shares during the quarter. Thrivent Financial for Lutherans owned 0.54% of Fabrinet worth $87,718,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Balboa Wealth Partners increased its position in shares of 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 acquiring an additional 21 shares during the period. Richardson Financial Services Inc. increased its position in shares of 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 acquiring an additional 23 shares during the period. Allworth Financial LP increased its position in shares of 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 acquiring an additional 28 shares during the period. Cullen Frost Bankers Inc. increased its position in shares of 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 acquiring an additional 29 shares during the period. Finally, Ashton Thomas Private Wealth LLC increased its position in shares of Fabrinet by 2.8% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 1,134 shares of the technology company’s stock worth $516,000 after acquiring an additional 31 shares during the period. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Fabrinet Price Performance

NYSE:FN opened at $722.23 on Friday. The firm has a market capitalization of $25.88 billion, a PE ratio of 62.05 and a beta of 1.22. The business’s fifty day moving average price is $606.55 and its 200 day moving average price is $520.63. Fabrinet has a 12 month low of $222.66 and a 12 month high of $748.89.

Fabrinet (NYSE:FN) last posted its earnings results on Monday, May 4th. The technology company reported $3.72 EPS for the quarter, beating the consensus estimate of $3.58 by $0.14. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.Fabrinet’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 company posted $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, equities analysts anticipate that Fabrinet will post 12.96 EPS for the current year.

Analyst Ratings Changes

FN has been the topic of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $800.00 target price on shares of Fabrinet in a report on Tuesday, May 5th. B. Riley Financial increased their target price on Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Rosenblatt Securities increased their target price on Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. dropped their target price on Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Finally, Wolfe Research raised Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 target price on the stock in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $661.75.

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.