Fabrinet $FN Stake Boosted by Erste Asset Management GmbH

Erste Asset Management GmbH grew its stake in shares of Fabrinet (NYSE:FN) by 20.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,054 shares of the technology company’s stock after acquiring an additional 3,236 shares during the period. Erste Asset Management GmbH owned 0.05% of Fabrinet worth $8,883,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FN. Hilton Head Capital Partners LLC acquired a new position in Fabrinet in the fourth quarter worth approximately $68,000. JPMorgan Chase & Co. increased its holdings in Fabrinet by 64.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,065,414 shares of the technology company’s stock worth $485,063,000 after buying an additional 419,081 shares during the last quarter. Palladiem LLC acquired a new position in Fabrinet in the fourth quarter worth approximately $370,000. Capital World Investors increased its holdings in Fabrinet by 2.8% in the fourth quarter. Capital World Investors now owns 412,936 shares of the technology company’s stock worth $188,002,000 after buying an additional 11,342 shares during the last quarter. Finally, Vestcor Inc increased its holdings in Fabrinet by 12.4% in the fourth quarter. Vestcor Inc now owns 3,516 shares of the technology company’s stock worth $1,601,000 after buying an additional 389 shares during the last quarter. 97.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on FN shares. Barclays increased their price objective on Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Weiss Ratings downgraded Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Needham & Company LLC restated a “buy” rating and issued a $800.00 price objective on shares of Fabrinet in a report on Tuesday, May 5th. JPMorgan Chase & Co. dropped their price objective on Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Finally, Northland Securities set a $800.00 price objective on Fabrinet in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $661.75.

Fabrinet Stock Up 0.4%

Shares of FN stock opened at $623.94 on Tuesday. Fabrinet has a 12 month low of $231.51 and a 12 month high of $748.89. The business’s 50 day moving average is $653.49 and its two-hundred day moving average is $548.06. The company has a market cap of $22.36 billion, a PE ratio of 53.60 and a beta of 1.18.

Fabrinet (NYSE:FN) last announced its quarterly 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. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the company posted $2.52 earnings per share. The company’s revenue for the quarter was up 39.3% compared to the same quarter last year. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, equities analysts expect that Fabrinet will post 12.96 EPS for the current fiscal year.

Insider Buying and Selling

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of the stock in a transaction that occurred 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 transaction, the director owned 16,233 shares in the company, valued at $11,556,435.03. This trade represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.24% of the stock is currently owned by company insiders.

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.