Mirae Asset Global Investments Co. Ltd. Has $3.63 Million Stake in Fabrinet $FN

Mirae Asset Global Investments Co. Ltd. raised its position in Fabrinet (NYSE:FN) by 117.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,979 shares of the technology company’s stock after purchasing an additional 4,314 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Fabrinet were worth $3,633,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FN. Wasatch Advisors LP raised its stake in shares of Fabrinet by 45.1% in the 2nd quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock valued at $524,432,000 after purchasing an additional 553,196 shares during the period. Alliancebernstein L.P. raised its stake in shares of Fabrinet by 226.1% in the 3rd quarter. Alliancebernstein L.P. now owns 499,177 shares of the technology company’s stock valued at $182,010,000 after purchasing an additional 346,113 shares during the period. Holocene Advisors LP acquired a new stake in shares of Fabrinet in the 3rd quarter valued at about $124,847,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Fabrinet by 183.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 333,555 shares of the technology company’s stock valued at $121,621,000 after purchasing an additional 215,903 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Fabrinet by 33.3% in the 3rd quarter. Invesco Ltd. now owns 681,850 shares of the technology company’s stock valued at $248,616,000 after purchasing an additional 170,297 shares during the period. Institutional investors and hedge funds own 97.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on FN. Rosenblatt Securities reissued a “buy” rating and issued a $550.00 price target on shares of Fabrinet in a research note on Tuesday, February 3rd. Zacks Research downgraded Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Barclays lifted their target price on Fabrinet from $537.00 to $548.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. B. Riley Financial lifted their target price on Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. downgraded Fabrinet from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $530.00 to $700.00 in a research report on Thursday, April 16th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $587.50.

Fabrinet Stock Performance

Fabrinet stock opened at $693.89 on Wednesday. Fabrinet has a 52 week low of $174.06 and a 52 week high of $732.12. The stock has a market capitalization of $24.86 billion, a P/E ratio of 66.46 and a beta of 1.04. The stock has a 50-day simple moving average of $562.37 and a 200 day simple moving average of $489.99.

Fabrinet (NYSE:FN) last posted its quarterly earnings results on Monday, February 2nd. The technology company reported $3.36 EPS for the quarter, topping analysts’ consensus estimates of $3.26 by $0.10. Fabrinet had a return on equity of 18.69% and a net margin of 9.69%.The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the company posted $2.61 earnings per share. Fabrinet’s quarterly revenue was up 35.9% on a year-over-year basis. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. Research analysts forecast that Fabrinet will post 12.73 earnings per share for the current year.

Fabrinet 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.