Epoch Investment Partners Inc. Sells 52,537 Shares of Fabrinet $FN

Epoch Investment Partners Inc. decreased its position in shares of Fabrinet (NYSE:FN) by 14.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 322,350 shares of the technology company’s stock after selling 52,537 shares during the period. Fabrinet comprises 1.0% of Epoch Investment Partners Inc.’s holdings, making the stock its 16th largest holding. Epoch Investment Partners Inc.’s holdings in Fabrinet were worth $168,112,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its stake in Fabrinet by 163.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,041,227 shares of the technology company’s stock worth $1,839,891,000 after purchasing an additional 2,504,841 shares during the last quarter. Wasatch Advisors LP increased 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 last quarter. Geode Capital Management LLC increased its stake in shares of Fabrinet by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 1,108,813 shares of the technology company’s stock valued at $504,886,000 after purchasing an additional 50,708 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Fabrinet by 64.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,065,414 shares of the technology company’s stock worth $485,063,000 after buying an additional 419,081 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Fabrinet by 33.3% during the 3rd quarter. Invesco Ltd. now owns 681,850 shares of the technology company’s stock worth $248,616,000 after buying an additional 170,297 shares during the last quarter. 97.38% of the stock is owned by institutional investors.

Fabrinet Stock Performance

Shares of NYSE:FN opened at $475.48 on Friday. Fabrinet has a 52 week low of $272.49 and a 52 week high of $748.89. The firm has a market cap of $17.04 billion, a PE ratio of 40.85 and a beta of 1.20. The firm’s fifty day moving average is $579.66 and its 200-day moving average is $564.64.

Fabrinet (NYSE:FN) last posted its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 earnings per share for the quarter, beating analysts’ consensus estimates of $3.58 by $0.14. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.Fabrinet’s quarterly revenue was up 39.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Sell-side analysts forecast that Fabrinet will post 12.97 EPS for the current year.

Insider Activity

In related news, Director Homa Bahrami sold 2,500 shares of the company’s stock in a transaction that occurred 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 sale, the director directly owned 16,233 shares in the company, valued at $11,556,435.03. This represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.24% of the stock is owned by company insiders.

Analysts Set New Price Targets

FN has been the topic of several research analyst reports. Zacks Research lowered Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Rosenblatt Securities boosted their target price on Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Barclays increased their target price on shares of Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Fox Advisors lowered shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. Finally, Needham & Company LLC lowered their price objective on shares of Fabrinet from $800.00 to $650.00 and set a “buy” rating for the company in a research report on Wednesday. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $643.00.

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.