MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 973 Shares of Fabrinet $FN

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Fabrinet (NYSE:FN) by 4.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 21,726 shares of the technology company’s stock after buying an additional 973 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Fabrinet were worth $4,291,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FN. Banque Cantonale Vaudoise bought a new stake in Fabrinet in the 1st quarter worth approximately $29,000. Wayfinding Financial LLC purchased a new stake in Fabrinet during the 1st quarter valued at about $30,000. Berbice Capital Management LLC purchased a new stake in Fabrinet during the 1st quarter valued at about $30,000. Private Trust Co. NA lifted its position in 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 purchasing an additional 51 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its position in Fabrinet by 93.5% in the first quarter. SBI Securities Co. Ltd. now owns 180 shares of the technology company’s stock valued at $36,000 after purchasing an additional 87 shares during the last quarter. Institutional investors own 97.38% of the company’s stock.

Fabrinet Stock Down 2.6%

Shares of Fabrinet stock opened at $362.97 on Friday. The company has a market cap of $12.97 billion, a PE ratio of 39.54 and a beta of 1.08. The business has a 50 day moving average of $320.95 and a 200 day moving average of $254.95. Fabrinet has a 52 week low of $148.55 and a 52 week high of $380.01.

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on FN shares. JPMorgan Chase & Co. upgraded Fabrinet from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $318.00 to $345.00 in a research report on Monday, August 25th. Wolfe Research assumed coverage on shares of Fabrinet in a research report on Tuesday, July 8th. They set a “peer perform” rating for the company. Rosenblatt Securities reissued a “buy” rating and set a $360.00 price target on shares of Fabrinet in a research report on Tuesday, August 19th. B. Riley increased their price target on shares of Fabrinet from $184.00 to $220.00 and gave the company a “neutral” rating in a research report on Tuesday, August 19th. Finally, Needham & Company LLC reissued a “buy” rating and set a $350.00 price target on shares of Fabrinet in a research report on Tuesday, August 19th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Fabrinet presently has an average rating of “Moderate Buy” and a consensus target price of $312.33.

Insider Transactions at Fabrinet

In other news, COO Harpal Gill sold 14,203 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer owned 13,983 shares of the company’s stock, valued at approximately $4,966,062.45. This represents a 50.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Edward T. Archer sold 3,333 shares of the 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 owned 6,644 shares of the company’s stock, valued at approximately $2,355,165.12. This trade represents a 33.41% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,049 shares of company stock valued at $9,360,401. 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.