EULAV Asset Management Sells 9,000 Shares of Fabrinet $FN

EULAV Asset Management trimmed its stake in Fabrinet (NYSE:FN) by 12.6% in the fourth quarter, Holdings Channel reports. The firm owned 62,700 shares of the technology company’s stock after selling 9,000 shares during the quarter. EULAV Asset Management’s holdings in Fabrinet were worth $28,546,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Fabrinet in the first quarter valued at approximately $203,000. Empowered Funds LLC acquired a new stake in shares of Fabrinet in the first quarter valued at approximately $2,331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Fabrinet by 4.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,444 shares of the technology company’s stock valued at $15,691,000 after buying an additional 3,717 shares during the last quarter. M&T Bank Corp acquired a new stake in shares of Fabrinet in the second quarter valued at approximately $214,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Fabrinet by 574.7% in the second quarter. EverSource Wealth Advisors LLC now owns 533 shares of the technology company’s stock valued at $157,000 after buying an additional 454 shares during the last quarter. 97.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Barclays raised their price objective on Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Northland Securities set a $800.00 price objective on Fabrinet in a research report on Monday, April 20th. Fox Advisors cut Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. cut their price objective on Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $800.00 price objective on shares of Fabrinet in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $661.75.

Insiders Place Their Bets

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of Fabrinet stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $711.91, for a total value of $1,779,775.00. Following the completion of the transaction, the director directly owned 16,233 shares of the company’s stock, valued at $11,556,435.03. The trade was a 13.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.24% of the stock is owned by corporate insiders.

Fabrinet Trading Down 13.0%

NYSE:FN opened at $622.08 on Friday. The stock has a market cap of $22.29 billion, a P/E ratio of 53.44 and a beta of 1.17. The stock has a 50 day simple moving average of $651.98 and a 200 day simple moving average of $545.63. Fabrinet has a 1-year low of $231.51 and a 1-year high of $748.89.

Fabrinet (NYSE:FN) last released its quarterly earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.14. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The firm’s revenue for the quarter was up 39.3% compared to the same quarter last year. During the same period last year, the firm posted $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, sell-side analysts forecast that Fabrinet will post 12.96 EPS for the current year.

Fabrinet Company Profile

Fabrinet is a global provider of advanced optical packaging and precision optical, electro‐mechanical and electronic manufacturing services (CEM). The company specializes in complex manufacturing processes for original equipment manufacturers (OEMs) in communications, data center, industrial, instrumentation and medical markets. Key capabilities include high‐precision fiber alignment, micro‐assembly, testing and diagnostics, and integration of electro‐optic subassemblies.

Incorporated in 2000, Fabrinet operates under a corporate structure headquartered in Singapore with additional regional offices and design centers in the Americas, Europe and Asia.