Granahan Investment Management LLC Buys Shares of 11,877 Fabrinet $FN

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

A number of other hedge funds and other institutional investors have also made changes to their positions in FN. Wasatch Advisors LP raised its holdings in shares of Fabrinet by 45.1% in the second quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock worth $524,432,000 after buying an additional 553,196 shares during the last quarter. Norges Bank acquired a new position in Fabrinet during the fourth quarter valued at $193,766,000. JPMorgan Chase & Co. lifted its position in Fabrinet by 64.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,065,414 shares of the technology company’s stock valued at $485,063,000 after purchasing an additional 419,081 shares during the period. Alliancebernstein L.P. lifted its position in Fabrinet by 226.1% during the third quarter. Alliancebernstein L.P. now owns 499,177 shares of the technology company’s stock valued at $182,010,000 after purchasing an additional 346,113 shares during the period. Finally, Holocene Advisors LP acquired a new position in Fabrinet during the third quarter valued at $124,847,000. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Northland Securities set a $800.00 price objective on shares of Fabrinet in a report on Monday, April 20th. Rosenblatt Securities lifted their price objective on shares of Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Weiss Ratings raised shares of Fabrinet from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Fox Advisors cut shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. Finally, Barclays lifted their price objective on shares of Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $661.75.

Fabrinet Stock Performance

FN opened at $587.73 on Wednesday. Fabrinet has a fifty-two week low of $255.95 and a fifty-two week high of $748.89. The company has a fifty day moving average of $660.68 and a two-hundred day moving average of $555.75. The stock has a market capitalization of $21.06 billion, a price-to-earnings ratio of 50.49 and a beta of 1.17.

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

Insider Activity at Fabrinet

In other news, Director Homa Bahrami sold 2,500 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $711.91, for a total transaction of $1,779,775.00. Following the completion of the sale, the director owned 16,233 shares of the company’s stock, valued at $11,556,435.03. The trade was a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.24% of the stock is owned by corporate insiders.

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.