EFG Asset Management North America Corp. Has $3.63 Million Position in Fabrinet $FN

Key Points

• EFG Asset Management North America Corp. significantly increased its stake in Fabrinet by 133.6%, acquiring an additional 10,489 shares, bringing its total ownership to 18,338 shares valued at approximately $3.63 million.
• Several institutional investors, including Baillie Gifford and TD Asset Management, have also boosted their positions in Fabrinet, resulting in 97.38% of the stock being owned by institutional investors.
• Fabrinet recently reported earnings of $2.65 per share, beating estimates, with revenue of $909.69 million, a 20.8% increase year-over-year, and set a Q1 2026 EPS guidance of 2.750-2.900.

EFG Asset Management North America Corp. grew its holdings in Fabrinet (NYSE:FN - Free Report) by 133.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,338 shares of the technology company's stock after buying an additional 10,489 shares during the quarter. EFG Asset Management North America Corp. owned about 0.05% of Fabrinet worth $3,625,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Nuveen LLC purchased a new position in Fabrinet in the first quarter valued at about $64,274,000. GAMMA Investing LLC grew its holdings in Fabrinet by 18,800.5% during the first quarter. GAMMA Investing LLC now owns 175,586 shares of the technology company's stock worth $34,680,000 after purchasing an additional 174,657 shares during the period. Baillie Gifford & Co. raised its position in shares of Fabrinet by 16.5% in the first quarter. Baillie Gifford & Co. now owns 644,557 shares of the technology company's stock valued at $127,306,000 after buying an additional 91,519 shares in the last quarter. Value Aligned Research Advisors LLC grew its stake in shares of Fabrinet by 240.9% during the first quarter. Value Aligned Research Advisors LLC now owns 114,443 shares of the technology company's stock worth $22,604,000 after buying an additional 80,873 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its holdings in Fabrinet by 242.4% in the fourth quarter. Squarepoint Ops LLC now owns 108,486 shares of the technology company's stock valued at $23,854,000 after buying an additional 76,803 shares during the period. Hedge funds and other institutional investors own 97.38% of the company's stock.

Insider Activity at Fabrinet

In other Fabrinet news, CEO Seamus Grady sold 9,513 shares of the company's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $329.52, for a total value of $3,134,723.76. Following the transaction, the chief executive officer directly owned 46,024 shares of the company's stock, valued at $15,165,828.48. This represents a 17.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Harpal Gill sold 14,203 shares of the firm's stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $355.15, for a total value of $5,044,195.45. Following the completion of the sale, the chief operating officer directly owned 13,983 shares in the company, valued at $4,966,062.45. This trade represents a 50.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,049 shares of company stock worth $9,360,401 in the last 90 days. 0.38% of the stock is currently owned by company insiders.

Fabrinet Stock Down 0.6%

FN traded down $2.39 on Tuesday, reaching $368.28. The company's stock had a trading volume of 239,536 shares, compared to its average volume of 732,880. Fabrinet has a fifty-two week low of $148.55 and a fifty-two week high of $378.17. The stock has a 50 day moving average of $316.24 and a two-hundred day moving average of $252.30. The company has a market capitalization of $13.16 billion, a price-to-earnings ratio of 40.08 and a beta of 1.08.

Fabrinet (NYSE:FN - Get Free Report) last announced its quarterly earnings results on Monday, August 18th. The technology company reported $2.65 earnings per share for the quarter, beating analysts' consensus estimates of $2.63 by $0.02. Fabrinet had a return on equity of 17.77% and a net margin of 9.72%.The business had revenue of $909.69 million during the quarter, compared to analysts' expectations of $880.19 million. During the same quarter last year, the business posted $2.41 earnings per share. The business'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. As a group, analysts anticipate that Fabrinet will post 9.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Zacks Research cut shares of Fabrinet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 28th. Barclays boosted their price objective on shares of Fabrinet from $234.00 to $329.00 and gave the company an "equal weight" rating in a report on Tuesday, August 19th. Rosenblatt Securities restated a "buy" rating and set a $360.00 target price on shares of Fabrinet in a research report on Tuesday, August 19th. B. Riley boosted their target price on shares of Fabrinet from $184.00 to $220.00 and gave the company a "neutral" rating in a research report on Tuesday, August 19th. Finally, Wolfe Research assumed coverage on shares of Fabrinet in a research report on Tuesday, July 8th. They issued a "peer perform" rating for the company. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $312.33.

Fabrinet Profile

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.