Granahan Investment Management LLC Sells 1,446 Shares of Fabrinet $FN

Granahan Investment Management LLC lessened its position in Fabrinet (NYSE:FN) by 12.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,431 shares of the technology company’s stock after selling 1,446 shares during the quarter. Granahan Investment Management LLC’s holdings in Fabrinet were worth $5,440,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in FN. Balboa Wealth Partners raised its holdings in Fabrinet by 2.5% in the fourth quarter. Balboa Wealth Partners now owns 863 shares of the technology company’s stock worth $393,000 after purchasing an additional 21 shares in the last quarter. Richardson Financial Services Inc. lifted its position in Fabrinet by 12.2% during the fourth quarter. Richardson Financial Services Inc. now owns 211 shares of the technology company’s stock valued at $96,000 after buying an additional 23 shares during the period. REAP Financial Group LLC boosted its holdings in shares of Fabrinet by 15.7% during the 4th quarter. REAP Financial Group LLC now owns 192 shares of the technology company’s stock valued at $87,000 after buying an additional 26 shares in the last quarter. Harbour Investments Inc. grew its position in shares of Fabrinet by 75.0% in the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock worth $29,000 after buying an additional 27 shares during the period. Finally, Allworth Financial LP grew its position in shares of Fabrinet by 7.4% in the 4th quarter. Allworth Financial LP now owns 405 shares of the technology company’s stock worth $184,000 after buying an additional 28 shares during the period. 97.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FN has been the subject of a number of recent research reports. Barclays lifted their price target on shares of Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Northland Securities set a $800.00 price objective on shares of Fabrinet in a report on Monday, April 20th. Rosenblatt Securities raised their target price on shares of Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Weiss Ratings lowered shares of Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 30th. Finally, Wall Street Zen cut Fabrinet from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $643.00.

Fabrinet Stock Performance

Shares of Fabrinet stock opened at $475.48 on Friday. The stock has a market capitalization of $17.04 billion, a PE ratio of 40.85 and a beta of 1.20. Fabrinet has a 52-week low of $272.49 and a 52-week high of $748.89. The company has a 50-day simple moving average of $579.66 and a two-hundred day simple moving average of $564.64.

Fabrinet (NYSE:FN) last posted 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 firm had revenue of $1.21 billion for 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 business’s revenue for the quarter was up 39.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, equities research analysts forecast that Fabrinet will post 12.97 EPS for the current fiscal year.

Insider Transactions at Fabrinet

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 transaction, the director directly owned 16,233 shares of the company’s stock, valued at approximately $11,556,435.03. This represents a 13.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.24% of the company’s stock.

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.