Erste Asset Management GmbH Sells 13,647 Shares of Fabrinet $FN

Erste Asset Management GmbH decreased its holdings in Fabrinet (NYSE:FN) by 46.3% in the third quarter, Holdings Channel reports. The firm owned 15,818 shares of the technology company’s stock after selling 13,647 shares during the quarter. Erste Asset Management GmbH’s holdings in Fabrinet were worth $5,734,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Wasatch Advisors LP boosted its position in shares of Fabrinet by 45.1% during the second quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock valued at $524,432,000 after buying an additional 553,196 shares during the last quarter. Norges Bank bought a new position in Fabrinet during the 2nd quarter valued at about $124,046,000. Invesco Ltd. lifted its stake in Fabrinet by 446.6% during the 2nd quarter. Invesco Ltd. now owns 511,553 shares of the technology company’s stock valued at $150,744,000 after acquiring an additional 417,959 shares during the period. Westfield Capital Management Co. LP boosted its holdings in shares of Fabrinet by 102.8% during the 2nd quarter. Westfield Capital Management Co. LP now owns 663,310 shares of the technology company’s stock valued at $195,464,000 after acquiring an additional 336,173 shares during the last quarter. Finally, Epoch Investment Partners Inc. grew its stake in shares of Fabrinet by 34.1% in the second quarter. Epoch Investment Partners Inc. now owns 522,027 shares of the technology company’s stock worth $153,831,000 after acquiring an additional 132,780 shares during the period. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Fabrinet Price Performance

Shares of Fabrinet stock opened at $546.15 on Friday. Fabrinet has a 1-year low of $148.55 and a 1-year high of $632.99. The company’s fifty day simple moving average is $489.44 and its 200-day simple moving average is $430.35. The stock has a market capitalization of $19.57 billion, a PE ratio of 52.31 and a beta of 1.04.

Fabrinet (NYSE:FN) last announced its earnings results on Monday, February 2nd. The technology company reported $3.36 EPS for the quarter, topping analysts’ consensus estimates of $3.26 by $0.10. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Fabrinet had a return on equity of 18.69% and a net margin of 9.69%.Fabrinet’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period last year, the firm earned $2.61 EPS. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. As a group, research analysts anticipate that Fabrinet will post 9.4 EPS for the current year.

Insider Activity

In other news, Director Thomas F. Kelly sold 2,200 shares of Fabrinet stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $464.14, for a total transaction of $1,021,108.00. Following the transaction, the director directly owned 18,789 shares of the company’s stock, valued at $8,720,726.46. The trade was a 10.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Homa Bahrami sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $453.75, for a total value of $1,588,125.00. Following the transaction, the director owned 18,316 shares of the company’s stock, valued at approximately $8,310,885. This trade represents a 16.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.24% of the stock is owned by company insiders.

Analyst Ratings Changes

FN has been the topic of a number of research analyst reports. B. Riley Financial increased their price objective on shares of Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Needham & Company LLC reiterated a “buy” rating and set a $540.00 target price on shares of Fabrinet in a research note on Tuesday, February 3rd. Wolfe Research upgraded Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price target on the stock in a research note on Wednesday, February 4th. Weiss Ratings lowered Fabrinet from a “buy (b)” rating to a “hold (c+)” rating in a report on Friday, February 13th. Finally, Northland Securities set a $600.00 price objective on Fabrinet in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $541.25.

Fabrinet Company 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.