Epoch Investment Partners Inc. Has $168.11 Million Stock Holdings in Fabrinet $FN

Key Points

• Epoch Investment Partners cut its Fabrinet stake by 14% in the first quarter, but still held 322,350 shares worth about $168.1 million, making FN its 16th-largest position.
• Fabrinet reported strong quarterly results, with EPS of $3.72 beating estimates and revenue of $1.21 billion topping forecasts, while revenue rose 39.3% year over year.
• Analysts remain cautiously positive: the stock has a consensus Moderate Buy rating with a target price of $643, even though some firms recently trimmed targets or downgraded ratings.

Epoch Investment Partners Inc. trimmed its stake in shares of Fabrinet (NYSE:FN - Free Report) by 14.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 322,350 shares of the technology company's stock after selling 52,537 shares during the quarter. Fabrinet comprises approximately 1.0% of Epoch Investment Partners Inc.'s investment portfolio, making the stock its 16th biggest position. Epoch Investment Partners Inc. owned about 0.90% of Fabrinet worth $168,112,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Core Wealth Advisors LLC acquired a new stake in shares of Fabrinet during the 4th quarter worth about $25,000. Cassaday & Co Wealth Management LLC bought a new position in Fabrinet in the 1st quarter valued at about $31,000. Westend Capital Management LLC acquired a new stake in Fabrinet during the fourth quarter worth approximately $29,000. Harbour Investments Inc. boosted its holdings in shares of Fabrinet by 75.0% during the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company's stock worth $29,000 after acquiring an additional 27 shares during the period. Finally, Creative Financial Designs Inc. ADV bought a new stake in shares of Fabrinet during the fourth quarter worth approximately $32,000. 97.38% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Homa Bahrami sold 2,500 shares of the firm's stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $711.91, for a total value of $1,779,775.00. Following the transaction, the director 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.24% of the company's stock.

Fabrinet Trading Down 8.2%

NYSE FN opened at $475.48 on Friday. The company has a market cap of $17.04 billion, a price-to-earnings ratio of 40.85 and a beta of 1.20. The company has a 50 day moving average of $579.66 and a 200-day moving average of $564.64. Fabrinet has a 1-year low of $272.49 and a 1-year high of $748.89.

Fabrinet (NYSE:FN - Get Free Report) last issued its quarterly earnings results 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. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the business posted $2.52 earnings per share. The firm's quarterly revenue was up 39.3% compared to the same quarter last year. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. On average, equities research analysts forecast that Fabrinet will post 12.97 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on FN shares. Barclays increased their target price on Fabrinet from $548.00 to $702.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. decreased 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. Weiss Ratings cut Fabrinet from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, June 30th. Needham & Company LLC dropped their target price on Fabrinet from $800.00 to $650.00 and set a "buy" rating for the company in a report on Wednesday. Finally, Zacks Research cut shares of Fabrinet from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 15th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $643.00.

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.

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