Erste Asset Management GmbH lifted its stake in Fabrinet (NYSE:FN – Free Report) by 20.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,054 shares of the technology company’s stock after acquiring an additional 3,236 shares during the period. Erste Asset Management GmbH’s holdings in Fabrinet were worth $8,883,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Divisadero Street Capital Management LP grew its stake in shares of Fabrinet by 57.4% in the third quarter. Divisadero Street Capital Management LP now owns 56,344 shares of the technology company’s stock worth $20,544,000 after acquiring an additional 20,556 shares during the last quarter. Swedbank AB acquired a new stake in shares of Fabrinet in the fourth quarter worth $5,372,000. Azzad Asset Management Inc. ADV acquired a new stake in shares of Fabrinet in the third quarter worth $1,037,000. M&T Bank Corp grew its stake in shares of Fabrinet by 196.5% in the fourth quarter. M&T Bank Corp now owns 2,345 shares of the technology company’s stock worth $1,068,000 after acquiring an additional 1,554 shares during the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich acquired a new stake in shares of Fabrinet in the third quarter worth $2,923,000. Institutional investors and hedge funds own 97.38% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on FN shares. Weiss Ratings downgraded shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Zacks Research raised Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. reduced their target price on Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Rosenblatt Securities raised their target price on Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $800.00 target price on shares of Fabrinet in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $661.75.
Insider Activity
In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of Fabrinet stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $711.91, for a total transaction of $1,779,775.00. Following the completion of the transaction, the director directly owned 16,233 shares of the company’s stock, valued at approximately $11,556,435.03. This trade represents a 13.35% 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. Insiders own 0.24% of the company’s stock.
Fabrinet Price Performance
Shares of FN stock opened at $623.94 on Tuesday. The stock has a market cap of $22.36 billion, a P/E ratio of 53.60 and a beta of 1.18. Fabrinet has a one year low of $231.51 and a one year high of $748.89. The stock has a fifty day moving average price of $653.49 and a 200 day moving average price of $548.06.
Fabrinet (NYSE:FN – Get Free Report) last issued its earnings results on Monday, May 4th. The technology company reported $3.72 EPS for the quarter, topping the consensus estimate of $3.58 by $0.14. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.Fabrinet’s quarterly revenue was up 39.3% compared to the same quarter last year. During the same period last year, the business earned $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Equities research analysts anticipate that Fabrinet will post 12.96 EPS for the current year.
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.
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