Swiss National Bank Lowers Position in Fabrinet $FN

Key Points

• Swiss National Bank has reduced its stake in Fabrinet (NYSE:FN) by 1.1%, now holding 70,240 shares valued at approximately $13.87 million.
• Fabrinet's stock has seen an uptick, trading at $330.06, up by 2.5% with a market capitalization of $11.83 billion.
• Analysts have varying ratings on Fabrinet, with a consensus rating of "Hold" and a target price of $261.33, indicating mixed views on the stock's future performance.

Swiss National Bank cut its stake in Fabrinet (NYSE:FN - Free Report) by 1.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,240 shares of the technology company's stock after selling 800 shares during the quarter. Swiss National Bank owned 0.20% of Fabrinet worth $13,873,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cetera Investment Advisers raised its stake in shares of Fabrinet by 11.6% in the first quarter. Cetera Investment Advisers now owns 13,212 shares of the technology company's stock worth $2,610,000 after purchasing an additional 1,368 shares during the last quarter. Atria Wealth Solutions Inc. grew its holdings in shares of Fabrinet by 40.8% in the first quarter. Atria Wealth Solutions Inc. now owns 5,457 shares of the technology company's stock valued at $1,078,000 after acquiring an additional 1,582 shares in the last quarter. Private Trust Co. NA grew its holdings in shares of Fabrinet by 44.3% in the first quarter. Private Trust Co. NA now owns 166 shares of the technology company's stock valued at $33,000 after acquiring an additional 51 shares in the last quarter. KBC Group NV grew its holdings in shares of Fabrinet by 12.1% in the first quarter. KBC Group NV now owns 1,594 shares of the technology company's stock valued at $315,000 after acquiring an additional 172 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. bought a new position in shares of Fabrinet in the fourth quarter valued at approximately $1,945,000. 97.38% of the stock is owned by hedge funds and other institutional investors.

Fabrinet Trading Down 10.0%

Shares of NYSE:FN traded down $32.7340 on Tuesday, reaching $294.3860. 944,696 shares of the company traded hands, compared to its average volume of 714,067. The stock has a market capitalization of $10.55 billion, a P/E ratio of 32.57 and a beta of 1.02. Fabrinet has a 52 week low of $148.55 and a 52 week high of $356.55. The business's 50-day simple moving average is $298.58 and its 200 day simple moving average is $241.11.

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. The company had revenue of $909.69 million for the quarter, compared to analysts' expectations of $880.19 million. Fabrinet had a return on equity of 17.99% and a net margin of 10.00%.Fabrinet's quarterly revenue was up 20.8% on a year-over-year basis. During the same period last year, the firm earned $2.41 earnings per share. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. Sell-side analysts expect that Fabrinet will post 9.4 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on FN. Needham & Company LLC reaffirmed a "buy" rating and issued a $350.00 target price on shares of Fabrinet in a report on Tuesday. Barclays lifted their price objective on Fabrinet from $234.00 to $329.00 and gave the company an "equal weight" rating in a research note on Tuesday. Rosenblatt Securities restated a "buy" rating and set a $360.00 price target on shares of Fabrinet in a research report on Tuesday. JPMorgan Chase & Co. raised their price target on Fabrinet from $235.00 to $318.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Finally, Wolfe Research assumed coverage on Fabrinet in a research report on Tuesday, July 8th. They set a "peer perform" rating on the stock. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $300.50.

Insider Activity

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

Fabrinet Company 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.