EULAV Asset Management Sells 9,000 Shares of Fabrinet $FN

EULAV Asset Management reduced its holdings in Fabrinet (NYSE:FN) by 12.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,700 shares of the technology company’s stock after selling 9,000 shares during the quarter. EULAV Asset Management owned 0.18% of Fabrinet worth $28,546,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Fabrinet by 1.4% in the third quarter. Vanguard Group Inc. now owns 4,135,345 shares of the technology company’s stock worth $1,507,829,000 after acquiring an additional 59,002 shares in the last quarter. Wasatch Advisors LP increased its holdings in shares of Fabrinet by 45.1% in the second quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock worth $524,432,000 after acquiring an additional 553,196 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Fabrinet by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 1,108,813 shares of the technology company’s stock worth $504,886,000 after acquiring an additional 50,708 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Fabrinet by 33.3% in the third quarter. Invesco Ltd. now owns 681,850 shares of the technology company’s stock worth $248,616,000 after acquiring an additional 170,297 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Fabrinet by 1.7% in the third quarter. JPMorgan Chase & Co. now owns 646,333 shares of the technology company’s stock worth $235,666,000 after acquiring an additional 10,621 shares in the last quarter. 97.38% of the stock is currently owned by institutional investors.

Fabrinet Stock Performance

NYSE:FN opened at $622.08 on Friday. The company has a market cap of $22.29 billion, a PE ratio of 53.44 and a beta of 1.17. Fabrinet has a 52-week low of $231.51 and a 52-week high of $748.89. The stock has a 50-day simple moving average of $651.98 and a 200 day simple moving average of $545.63.

Fabrinet (NYSE:FN) last posted its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.58 by $0.14. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the company earned $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. On average, research analysts predict that Fabrinet will post 12.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

FN has been the subject of several recent analyst reports. Barclays increased their price target on Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Zacks Research upgraded Fabrinet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Northland Securities set a $800.00 price target on Fabrinet in a report on Monday, April 20th. JPMorgan Chase & Co. lowered their price target on Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Finally, Weiss Ratings downgraded Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $661.75.

Insider Activity

In related news, Director Homa Bahrami sold 2,500 shares of the stock in a transaction dated 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 in the company, valued at approximately $11,556,435.03. This trade represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.24% of the company’s stock.

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.