Erste Asset Management GmbH Sells 3,424 Shares of Fabrinet $FN

Key Points

• Erste Asset Management GmbH sold 3,424 shares of Fabrinet, reducing its stake by 11.9%, leaving it with a total of 25,361 shares valued at approximately $5.03 million.
• Insider trading activity included COO Harpal Gill selling 18,675 shares for $4.48 million, resulting in a 50.83% decrease in their ownership.
• Fabrinet reported $2.65 EPS for the latest quarter, exceeding expectations, with revenues of $909.69 million—up 20.8% year-over-year.

Erste Asset Management GmbH reduced its position in Fabrinet (NYSE:FN - Free Report) by 11.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,361 shares of the technology company's stock after selling 3,424 shares during the period. Erste Asset Management GmbH owned 0.07% of Fabrinet worth $5,030,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Private Trust Co. NA boosted its holdings in shares of Fabrinet by 44.3% in the 1st quarter. Private Trust Co. NA now owns 166 shares of the technology company's stock valued at $33,000 after buying an additional 51 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Fabrinet by 1.7% in the 1st quarter. State of Alaska Department of Revenue now owns 4,205 shares of the technology company's stock valued at $830,000 after buying an additional 70 shares in the last quarter. Henry James International Management Inc. boosted its holdings in shares of Fabrinet by 5.6% in the 1st quarter. Henry James International Management Inc. now owns 1,317 shares of the technology company's stock valued at $260,000 after buying an additional 70 shares in the last quarter. Illumine Investment Management LLC boosted its holdings in shares of Fabrinet by 2.2% in the 1st quarter. Illumine Investment Management LLC now owns 3,461 shares of the technology company's stock valued at $684,000 after buying an additional 75 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of Fabrinet by 14.3% in the 1st quarter. Signaturefd LLC now owns 609 shares of the technology company's stock valued at $120,000 after buying an additional 76 shares in the last quarter. 97.38% of the stock is currently owned by institutional investors.

Insider Transactions at Fabrinet

In other Fabrinet news, COO Harpal Gill sold 18,675 shares of the firm's stock in a transaction that occurred on 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 directly owned 18,068 shares of the company's stock, valued at approximately $4,336,320. This trade represents a 50.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.38% of the company's stock.

Fabrinet Trading Down 1.8%

FN opened at $280.1710 on Thursday. Fabrinet has a 12-month low of $148.55 and a 12-month high of $356.55. The firm has a market capitalization of $10.04 billion, a PE ratio of 30.52 and a beta of 1.02. The firm has a 50 day moving average of $300.28 and a two-hundred day moving average of $241.69.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on FN shares. Rosenblatt Securities reiterated a "buy" rating and issued a $360.00 target price on shares of Fabrinet in a research note on Tuesday. Needham & Company LLC reiterated a "buy" rating and issued a $350.00 target price on shares of Fabrinet in a research note on Tuesday. Barclays lifted their target price on shares of Fabrinet from $234.00 to $329.00 and gave the stock an "equal weight" rating in a research note on Tuesday. B. Riley lifted their target price on shares of Fabrinet from $184.00 to $220.00 and gave the stock a "neutral" rating in a research note on Tuesday. Finally, Wolfe Research started coverage on shares of Fabrinet in a research note on Tuesday, July 8th. They issued a "peer perform" rating for the company. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $307.83.

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.

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