Cetera Investment Advisers Has $11.20 Million Stake in Fabrinet $FN

Cetera Investment Advisers increased its holdings in shares of Fabrinet (NYSE:FN) by 49.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,474 shares of the technology company’s stock after acquiring an additional 7,146 shares during the period. Cetera Investment Advisers’ holdings in Fabrinet were worth $11,199,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Swedbank AB acquired a new position in Fabrinet during the fourth quarter worth $5,372,000. M&T Bank Corp grew its holdings in Fabrinet by 196.5% during the 4th quarter. M&T Bank Corp now owns 2,345 shares of the technology company’s stock worth $1,068,000 after acquiring an additional 1,554 shares in the last quarter. JSF Financial LLC acquired a new position in Fabrinet in the fourth quarter valued at approximately $957,000. Principal Financial Group Inc. boosted its position in shares of Fabrinet by 4.0% during the fourth quarter. Principal Financial Group Inc. now owns 187,883 shares of the technology company’s stock worth $85,539,000 after buying an additional 7,233 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Fabrinet by 117.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,979 shares of the technology company’s stock valued at $3,633,000 after purchasing an additional 4,314 shares in the last quarter. 97.38% of the stock is owned by institutional investors and hedge funds.

Fabrinet Trading Up 6.2%

Shares of NYSE:FN opened at $440.06 on Friday. The stock has a market cap of $15.77 billion, a P/E ratio of 37.81 and a beta of 1.20. The company has a 50 day moving average of $560.37 and a 200 day moving average of $564.96. Fabrinet has a 12 month low of $272.49 and a 12 month high of $748.89.

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

Insiders Place Their Bets

In related news, Director Homa Bahrami sold 2,500 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $711.91, for a total value of $1,779,775.00. Following the transaction, the director owned 16,233 shares in the company, valued at $11,556,435.03. The trade was a 13.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

FN has been the subject of several recent research reports. Fox Advisors downgraded shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research report on Tuesday, May 5th. Needham & Company LLC cut their price objective on shares of Fabrinet from $800.00 to $650.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Weiss Ratings downgraded shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 30th. JPMorgan Chase & Co. decreased their target price on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Finally, Wall Street Zen downgraded Fabrinet from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $643.00.

About Fabrinet

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.