Swiss Life Asset Management Ltd boosted its position in shares of Fabrinet (NYSE:FN – Free Report) by 51.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,495 shares of the technology company’s stock after purchasing an additional 847 shares during the period. Swiss Life Asset Management Ltd’s holdings in Fabrinet were worth $1,136,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. Westend Capital Management LLC purchased a new position in Fabrinet in the fourth quarter valued at about $29,000. Root Financial Partners LLC purchased a new position in Fabrinet in the third quarter valued at about $34,000. Rakuten Securities Inc. boosted its holdings in Fabrinet by 340.9% in the fourth quarter. Rakuten Securities Inc. now owns 97 shares of the technology company’s stock valued at $44,000 after purchasing an additional 75 shares during the last quarter. USA Financial Formulas purchased a new position in Fabrinet in the fourth quarter valued at about $49,000. Finally, CI Investments Inc. boosted its holdings in Fabrinet by 40.6% in the third quarter. CI Investments Inc. now owns 149 shares of the technology company’s stock valued at $54,000 after purchasing an additional 43 shares during the last quarter. 97.38% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
FN has been the subject of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $800.00 price target on shares of Fabrinet in a report on Tuesday, May 5th. Fox Advisors cut shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. Barclays upped their price target on shares of Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Weiss Ratings raised shares of Fabrinet from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Finally, Susquehanna upped their price target on shares of Fabrinet from $550.00 to $570.00 and gave the company a “positive” rating in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Fabrinet presently has an average rating of “Moderate Buy” and an average target price of $661.75.
Fabrinet Stock Down 3.2%
Shares of Fabrinet stock opened at $722.23 on Friday. The firm has a market cap of $25.88 billion, a P/E ratio of 62.05 and a beta of 1.22. Fabrinet has a fifty-two week low of $222.66 and a fifty-two week high of $748.89. The business has a 50-day moving average price of $606.55 and a 200 day moving average price of $520.63.
Fabrinet (NYSE:FN – Get Free Report) last released its earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.14. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The firm’s revenue for the quarter was up 39.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, equities research analysts anticipate that Fabrinet will post 12.96 earnings per share 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.
Further Reading
- Five stocks we like better than Fabrinet
- Viking Sails to All-Time Highs—Fundamentals Signal More to Come
- Datavalut Gains Traction: 5 Reasons to Sell Now
- TMC Stock: Why This Pre-Revenue Miner Is Worth Watching
- The Power Grid Is Dying—Is It Time to Buy Its Replacement?
Receive News & Ratings for Fabrinet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fabrinet and related companies with MarketBeat.com's FREE daily email newsletter.
