Fabrinet $FN Stock Holdings Increased 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. raised its stake in shares of Fabrinet (NYSE:FN - Free Report) by 4.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,726 shares of the technology company's stock after acquiring an additional 973 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.06% of Fabrinet worth $4,291,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Private Trust Co. NA increased its position in shares of Fabrinet by 44.3% during 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 during the last quarter. CreativeOne Wealth LLC increased its position in shares of Fabrinet by 4.9% during the first quarter. CreativeOne Wealth LLC now owns 1,148 shares of the technology company's stock valued at $227,000 after acquiring an additional 54 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Fabrinet by 1.7% during the first quarter. State of Alaska Department of Revenue now owns 4,205 shares of the technology company's stock valued at $830,000 after acquiring an additional 70 shares during the last quarter. Henry James International Management Inc. increased its position in shares of Fabrinet by 5.6% during the first quarter. Henry James International Management Inc. now owns 1,317 shares of the technology company's stock valued at $260,000 after acquiring an additional 70 shares during the last quarter. Finally, Illumine Investment Management LLC grew its position in 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 acquiring an additional 75 shares in the last quarter. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Edward T. Archer sold 3,333 shares of the company's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $354.48, for a total value of $1,181,481.84. Following the completion of the transaction, the executive vice president directly owned 6,644 shares in the company, valued at approximately $2,355,165.12. This represents a 33.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Harpal Gill sold 14,203 shares of the company's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $355.15, for a total value of $5,044,195.45. Following the sale, the chief operating officer owned 13,983 shares of the company's stock, valued at $4,966,062.45. This represents a 50.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,049 shares of company stock worth $9,360,401 over the last three months. 0.38% of the stock is currently owned by corporate insiders.

Fabrinet Price Performance

Shares of NYSE:FN traded down $1.30 during trading on Tuesday, reaching $357.70. The company had a trading volume of 398,914 shares, compared to its average volume of 731,272. The stock's fifty day moving average price is $323.74 and its 200 day moving average price is $257.84. Fabrinet has a fifty-two week low of $148.55 and a fifty-two week high of $380.01. The firm has a market capitalization of $12.78 billion, a price-to-earnings ratio of 38.99 and a beta of 1.08.

Fabrinet (NYSE:FN - Get Free Report) last announced its quarterly earnings data on Monday, August 18th. The technology company reported $2.65 earnings per share for the quarter, topping analysts' consensus estimates of $2.63 by $0.02. The firm had revenue of $909.69 million for the quarter, compared to analyst estimates 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 quarter in the prior year, the company posted $2.41 earnings per share. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. On average, equities analysts anticipate that Fabrinet will post 9.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on FN shares. Zacks Research downgraded Fabrinet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 28th. JPMorgan Chase & Co. raised Fabrinet from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $318.00 to $345.00 in a research report on Monday, August 25th. Needham & Company LLC reaffirmed a "buy" rating and issued a $350.00 target price on shares of Fabrinet in a research report on Tuesday, August 19th. Barclays lifted their target price on Fabrinet from $234.00 to $329.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 19th. Finally, Wolfe Research assumed coverage on Fabrinet in a research report on Tuesday, July 8th. They issued a "peer perform" rating for the company. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $312.33.

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.