Fabrinet $FN Shares Purchased by Cresset Asset Management LLC

Key Points

• Cresset Asset Management LLC increased its holdings in Fabrinet by 6.0%, acquiring an additional 2,132 shares to a total of 37,459 shares valued at approximately $7.4 million.
• Fabrinet's stock has a current market cap of $11.83 billion and recently showed a 2.5% increase in trading value, reaching $330.06.
• Stock analysts have mixed ratings on Fabrinet, with a consensus rating of "Hold" and a target price averaging $261.33.

Cresset Asset Management LLC boosted its holdings in shares of Fabrinet (NYSE:FN - Free Report) by 6.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,459 shares of the technology company's stock after buying an additional 2,132 shares during the quarter. Cresset Asset Management LLC owned approximately 0.10% of Fabrinet worth $7,399,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FN. Private Trust Co. NA grew its holdings in Fabrinet by 44.3% in the first quarter. Private Trust Co. NA now owns 166 shares of the technology company's stock worth $33,000 after purchasing an additional 51 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in Fabrinet by 1.7% in the first quarter. State of Alaska Department of Revenue now owns 4,205 shares of the technology company's stock worth $830,000 after purchasing an additional 70 shares during the last quarter. Henry James International Management Inc. grew its holdings in Fabrinet by 5.6% in the first quarter. Henry James International Management Inc. now owns 1,317 shares of the technology company's stock worth $260,000 after purchasing an additional 70 shares during the last quarter. Illumine Investment Management LLC grew its holdings in Fabrinet by 2.2% in the first quarter. Illumine Investment Management LLC now owns 3,461 shares of the technology company's stock worth $684,000 after purchasing an additional 75 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in Fabrinet by 14.3% in the first quarter. Signaturefd LLC now owns 609 shares of the technology company's stock worth $120,000 after purchasing an additional 76 shares during the last quarter. 97.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fabrinet

In related news, COO Harpal Gill sold 18,675 shares of the company's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $240.00, for a total transaction of $4,482,000.00. Following the completion of the transaction, the chief operating officer owned 18,068 shares in the company, valued at $4,336,320. This represents a 50.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.38% of the stock is currently owned by company insiders.

Fabrinet Stock Up 6.1%

Shares of FN stock traded up $17.01 during mid-day trading on Friday, hitting $294.05. 913,006 shares of the stock were exchanged, compared to its average volume of 723,752. The firm has a fifty day moving average of $300.68 and a 200 day moving average of $242.03. Fabrinet has a 52-week low of $148.55 and a 52-week high of $356.55. The company has a market cap of $10.51 billion, a PE ratio of 32.03 and a beta of 1.02.

Fabrinet (NYSE:FN - Get Free Report) last posted its earnings results on Monday, August 18th. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.02. Fabrinet had a net margin of 9.72% and a return on equity of 17.77%. The business had revenue of $909.69 million for the quarter, compared to analyst estimates of $880.19 million. During the same period in the prior year, the company posted $2.41 EPS. The company's revenue for the quarter was up 20.8% on a year-over-year basis. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. Equities analysts predict that Fabrinet will post 9.4 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on FN. Barclays lifted their price target on shares of Fabrinet from $234.00 to $329.00 and gave the stock an "equal weight" rating in a report on Tuesday. Wolfe Research started coverage on shares of Fabrinet in a report on Tuesday, July 8th. They set a "peer perform" rating on the stock. Rosenblatt Securities reissued a "buy" rating and set a $360.00 price objective on shares of Fabrinet in a report on Tuesday. B. Riley boosted their price objective on shares of Fabrinet from $184.00 to $220.00 and gave the company a "neutral" rating in a report on Tuesday. Finally, Needham & Company LLC reissued a "buy" rating and set a $350.00 price objective on shares of Fabrinet in a report on Tuesday. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $307.83.

About Fabrinet

Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing.