Fabrinet $FN Stake Boosted by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd grew its stake in shares of Fabrinet (NYSE:FN) by 51.4% in the 4th quarter, Holdings Channel reports. The firm owned 2,495 shares of the technology company’s stock after acquiring an additional 847 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Fabrinet were worth $1,136,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in FN. JSF Financial LLC acquired a new position in shares of Fabrinet during the fourth quarter valued at $957,000. Crossmark Global Holdings Inc. boosted its holdings in shares of Fabrinet by 3.6% during the fourth quarter. Crossmark Global Holdings Inc. now owns 2,228 shares of the technology company’s stock valued at $1,014,000 after acquiring an additional 77 shares during the period. Ethic Inc. boosted its holdings in shares of Fabrinet by 14.5% during the fourth quarter. Ethic Inc. now owns 1,584 shares of the technology company’s stock valued at $721,000 after acquiring an additional 200 shares during the period. Ballentine Partners LLC acquired a new position in shares of Fabrinet during the fourth quarter valued at $210,000. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Fabrinet by 37.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 2,865 shares of the technology company’s stock valued at $1,304,000 after acquiring an additional 785 shares during the period. 97.38% of the stock is owned by institutional investors.

Fabrinet Stock Performance

Shares of FN opened at $722.23 on Friday. The firm has a market capitalization of $25.88 billion, a price-to-earnings ratio of 62.05 and a beta of 1.22. Fabrinet has a one year low of $222.66 and a one year high of $748.89. The stock’s fifty day moving average is $606.55 and its 200-day moving average is $520.63.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Rosenblatt Securities boosted their price target on shares of Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 price target on shares of Fabrinet in a report on Tuesday, May 5th. Susquehanna lifted their price target on Fabrinet from $550.00 to $570.00 and gave the company a “positive” rating in a report on Thursday, January 22nd. Barclays lifted their price target on Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. cut their price target on Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Fabrinet currently has a consensus rating of “Moderate Buy” and a consensus price target of $661.75.

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.