Fabrinet $FN Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Fabrinet by 4.7% during the 1st quarter, owning approximately 0.06% of the company's stock valued at $4.29 million.
• Several analysts have issued updates on Fabrinet, with Barclays raising the price target to $329.00 and B. Riley increasing it to $220.00, indicating a positive outlook for the stock.
• Insider transactions include CEO Seamus Grady selling over 9,500 shares for approximately $3.13 million, reflecting a significant decrease in ownership.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Fabrinet (NYSE:FN - Free Report) by 4.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,726 shares of the technology company's stock after buying an additional 973 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.06% of Fabrinet worth $4,291,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cetera Investment Advisers boosted its holdings in shares of Fabrinet by 11.6% in the 1st quarter. Cetera Investment Advisers now owns 13,212 shares of the technology company's stock valued at $2,610,000 after buying an additional 1,368 shares in the last quarter. Atria Wealth Solutions Inc. raised its position in shares of Fabrinet by 40.8% in the 1st quarter. Atria Wealth Solutions Inc. now owns 5,457 shares of the technology company's stock valued at $1,078,000 after purchasing an additional 1,582 shares during the last quarter. Private Trust Co. NA raised its position 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 purchasing an additional 51 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of Fabrinet by 76.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 69,400 shares of the technology company's stock valued at $13,707,000 after purchasing an additional 30,000 shares during the last quarter. Finally, Deutsche Bank AG raised its position in shares of Fabrinet by 13.9% in the 1st quarter. Deutsche Bank AG now owns 51,549 shares of the technology company's stock valued at $10,181,000 after purchasing an additional 6,272 shares during the last quarter. 97.38% of the stock is currently owned by institutional investors.

Insider Activity at Fabrinet

In related news, CEO Seamus Grady sold 9,513 shares of Fabrinet stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $329.52, for a total value of $3,134,723.76. Following the sale, the chief executive officer owned 46,024 shares of the company's stock, valued at approximately $15,165,828.48. This trade represents a 17.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Edward T. Archer sold 3,333 shares of Fabrinet stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $354.48, for a total transaction of $1,181,481.84. Following the completion of the sale, the executive vice president directly owned 6,644 shares in the company, valued at $2,355,165.12. This represents a 33.41% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,049 shares of company stock valued at $9,360,401. 0.38% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on FN shares. Barclays increased their price objective on shares of Fabrinet from $234.00 to $329.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 19th. JPMorgan Chase & Co. raised shares of Fabrinet from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $318.00 to $345.00 in a research report on Monday, August 25th. B. Riley raised their price target on shares of Fabrinet from $184.00 to $220.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 19th. Zacks Research lowered shares of Fabrinet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 28th. Finally, Wolfe Research initiated coverage on shares of Fabrinet in a research report on Tuesday, July 8th. They set a "peer perform" rating for the company. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $312.33.

Fabrinet Stock Down 0.3%

Shares of NYSE:FN traded down $1.06 during trading on Wednesday, hitting $354.47. 77,740 shares of the stock traded hands, compared to its average volume of 730,855. The company has a market cap of $12.67 billion, a price-to-earnings ratio of 38.65 and a beta of 1.08. The company has a fifty day moving average price of $325.13 and a two-hundred day moving average price of $258.52. Fabrinet has a 52-week low of $148.55 and a 52-week high of $380.01.

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

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.