Granahan Investment Management LLC Invests $5.41 Million in Fabrinet $FN

Granahan Investment Management LLC bought a new position in shares of Fabrinet (NYSE:FN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,877 shares of the technology company’s stock, valued at approximately $5,407,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Kemnay Advisory Services Inc. acquired a new position in Fabrinet during the fourth quarter worth about $42,000. State of Wisconsin Investment Board boosted its position in Fabrinet by 86.1% during the fourth quarter. State of Wisconsin Investment Board now owns 13,636 shares of the technology company’s stock worth $6,208,000 after acquiring an additional 6,307 shares during the last quarter. Captrust Financial Advisors boosted its position in Fabrinet by 2.5% during the fourth quarter. Captrust Financial Advisors now owns 2,369 shares of the technology company’s stock worth $1,079,000 after acquiring an additional 58 shares during the last quarter. &PARTNERS boosted its position in Fabrinet by 7.4% during the fourth quarter. &PARTNERS now owns 669 shares of the technology company’s stock worth $306,000 after acquiring an additional 46 shares during the last quarter. Finally, Polar Capital Holdings Plc boosted its position in Fabrinet by 58.9% during the fourth quarter. Polar Capital Holdings Plc now owns 551,916 shares of the technology company’s stock worth $251,276,000 after acquiring an additional 204,612 shares during the last quarter. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Fabrinet Price Performance

NYSE:FN opened at $587.73 on Wednesday. The firm has a market capitalization of $21.06 billion, a price-to-earnings ratio of 50.49 and a beta of 1.17. The company’s 50-day moving average is $660.68 and its two-hundred day moving average is $555.75. Fabrinet has a 1-year low of $255.95 and a 1-year high of $748.89.

Fabrinet (NYSE:FN) last posted its earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share for the quarter, beating the consensus estimate 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 net margin of 9.94% and a return on equity of 19.83%. Fabrinet’s revenue was up 39.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, equities analysts anticipate that Fabrinet will post 12.96 earnings per share for the current fiscal year.

Insider Activity at Fabrinet

In other news, Director Homa Bahrami sold 2,500 shares of the company’s stock in a transaction that occurred on 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 directly owned 16,233 shares in the company, valued at approximately $11,556,435.03. This represents a 13.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Northland Securities set a $800.00 price target on shares of Fabrinet in a research report on Monday, April 20th. Needham & Company LLC restated a “buy” rating and set a $800.00 price target on shares of Fabrinet in a research report on Tuesday, May 5th. Fox Advisors lowered shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. lowered their price target on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Finally, Weiss Ratings upgraded shares of Fabrinet from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $661.75.

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.