Epoch Investment Partners Inc. Purchases 44,182 Shares of Fabrinet $FN

Key Points

• Epoch Investment Partners Inc. increased its stake in Fabrinet by 12.8%, acquiring an additional 44,182 shares, bringing their total ownership to 389,247 shares valued at approximately $76.88 million.
• Fabrinet reported earnings of $2.65 EPS for its latest quarter, exceeding expectations, with revenue of $909.69 million, marking a 20.8% increase year-over-year.
• The stock price of Fabrinet saw a rise of 6.1% recently, reflecting a current market capitalization of $11.16 billion with a price-to-earnings ratio of 34.01.

Epoch Investment Partners Inc. increased its position in Fabrinet (NYSE:FN - Free Report) by 12.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 389,247 shares of the technology company's stock after buying an additional 44,182 shares during the period. Epoch Investment Partners Inc. owned 1.09% of Fabrinet worth $76,880,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Nishkama Capital LLC acquired a new position in Fabrinet in the first quarter worth approximately $9,603,000. Virtus Advisers LLC bought a new stake in Fabrinet during the first quarter worth approximately $94,000. Freedom Investment Management Inc. raised its position in shares of Fabrinet by 1.9% in the first quarter. Freedom Investment Management Inc. now owns 4,928 shares of the technology company's stock valued at $973,000 after purchasing an additional 92 shares during the period. Quantitative Investment Management LLC acquired a new stake in shares of Fabrinet in the first quarter worth $405,000. Finally, Bragg Financial Advisors Inc lifted its stake in shares of Fabrinet by 6.6% in the first quarter. Bragg Financial Advisors Inc now owns 159,302 shares of the technology company's stock worth $31,464,000 after buying an additional 9,864 shares during the last quarter. Institutional investors and hedge funds own 97.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FN. JPMorgan Chase & Co. upgraded shares of Fabrinet from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $318.00 to $345.00 in a research note on Monday. Wolfe Research began coverage on shares of Fabrinet in a research note on Tuesday, July 8th. They issued a "peer perform" rating for the company. Barclays boosted their price objective on shares of Fabrinet from $234.00 to $329.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 19th. Rosenblatt Securities restated a "buy" rating and issued a $360.00 price objective on shares of Fabrinet in a research note on Tuesday, August 19th. Finally, Needham & Company LLC restated a "buy" rating and issued a $350.00 price objective on shares of Fabrinet in a research note on Tuesday, August 19th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $312.33.

Fabrinet Stock Up 7.1%

Shares of FN stock traded up $23.76 during trading hours on Thursday, reaching $356.10. 1,258,393 shares of the company's stock were exchanged, compared to its average volume of 876,119. Fabrinet has a fifty-two week low of $148.55 and a fifty-two week high of $360.00. The stock has a market capitalization of $12.72 billion, a P/E ratio of 38.79 and a beta of 1.02. The business has a fifty day moving average price of $307.31 and a 200-day moving average price of $245.89.

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

Insider Activity

In other news, COO Harpal Gill sold 18,675 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $240.00, for a total transaction of $4,482,000.00. Following the sale, the chief operating officer directly owned 18,068 shares in the company, valued at approximately $4,336,320. The trade was a 50.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.38% of the company's stock.

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.