EFG Asset Management North America Corp. Lowers Holdings in Fabrinet $FN

EFG Asset Management North America Corp. reduced its stake in Fabrinet (NYSE:FN) by 0.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 18,179 shares of the technology company’s stock after selling 159 shares during the period. EFG Asset Management North America Corp.’s holdings in Fabrinet were worth $5,352,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in FN. Maseco LLP acquired a new stake in shares of Fabrinet during the second quarter valued at about $25,000. Banque Cantonale Vaudoise acquired a new position in Fabrinet during the first quarter worth $29,000. Wayfinding Financial LLC acquired a new position in Fabrinet during the first quarter worth $30,000. Berbice Capital Management LLC purchased a new stake in shares of Fabrinet in the 1st quarter valued at $30,000. Finally, Private Trust Co. NA raised its holdings 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 buying an additional 51 shares during the period. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Fabrinet

In related news, CEO Seamus Grady sold 9,513 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $329.52, for a total transaction of $3,134,723.76. Following the transaction, the chief executive officer owned 46,024 shares of the company’s stock, valued at approximately $15,165,828.48. This represents a 17.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Edward T. Archer sold 3,333 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president directly owned 6,644 shares in the company, valued at approximately $2,355,165.12. The trade was a 33.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 27,049 shares of company stock valued at $9,360,401. Company insiders own 0.24% of the company’s stock.

Fabrinet Price Performance

FN opened at $457.46 on Wednesday. The stock has a market cap of $16.39 billion, a P/E ratio of 47.11 and a beta of 1.05. The stock’s 50 day simple moving average is $382.25 and its 200 day simple moving average is $307.72. Fabrinet has a 1-year low of $148.55 and a 1-year high of $498.00.

Fabrinet (NYSE:FN) last released its quarterly earnings results on Monday, November 3rd. The technology company reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.09. Fabrinet had a return on equity of 18.52% and a net margin of 9.77%.The business had revenue of $978.13 million during the quarter, compared to the consensus estimate of $935.04 million. During the same quarter in the previous year, the company posted $2.39 EPS. The business’s revenue was up 21.6% on a year-over-year basis. Fabrinet has set its Q2 2026 guidance at 3.150-3.300 EPS. Research analysts expect that Fabrinet will post 9.4 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on FN shares. B. Riley lifted their target price on Fabrinet from $184.00 to $220.00 and gave the company a “neutral” rating in a research report on Tuesday, August 19th. JPMorgan Chase & Co. raised their target price on shares of Fabrinet from $430.00 to $530.00 and gave the company an “overweight” rating in a report on Tuesday. Northland Securities set a $550.00 price target on shares of Fabrinet in a research note on Tuesday. Zacks Research upgraded Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 23rd. Finally, Barclays raised their price target on Fabrinet from $234.00 to $329.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $427.00.

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.