Portolan Capital Management LLC Has $10.49 Million Position in Fabrinet $FN

Portolan Capital Management LLC boosted its stake in shares of Fabrinet (NYSE:FN) by 48.2% in the third quarter, Holdings Channel reports. The firm owned 28,770 shares of the technology company’s stock after acquiring an additional 9,354 shares during the period. Portolan Capital Management LLC’s holdings in Fabrinet were worth $10,490,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Azzad Asset Management Inc. ADV acquired a new position in Fabrinet in the 3rd quarter valued at $1,037,000. Federated Hermes Inc. lifted its position in Fabrinet by 105.2% during the 3rd quarter. Federated Hermes Inc. now owns 5,982 shares of the technology company’s stock worth $2,181,000 after acquiring an additional 3,067 shares during the last quarter. Argent Capital Management LLC acquired a new position in Fabrinet during the 3rd quarter worth $4,931,000. Torray Investment Partners LLC bought a new stake in Fabrinet during the third quarter valued at about $2,458,000. Finally, Gateway Investment Advisers LLC bought a new stake in Fabrinet during the third quarter valued at about $1,435,000. Institutional investors and hedge funds own 97.38% of the company’s stock.

Fabrinet Trading Down 2.1%

Shares of FN opened at $502.17 on Friday. The stock has a market cap of $17.99 billion, a PE ratio of 48.10 and a beta of 1.01. Fabrinet has a 1 year low of $148.55 and a 1 year high of $632.99. The stock has a 50 day simple moving average of $501.54 and a 200-day simple moving average of $445.28.

Fabrinet (NYSE:FN) last announced its quarterly earnings results on Monday, February 2nd. The technology company reported $3.36 EPS for the quarter, beating the consensus estimate of $3.26 by $0.10. Fabrinet had a return on equity of 18.69% and a net margin of 9.69%.The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the firm earned $2.61 EPS. Fabrinet’s quarterly revenue was up 35.9% on a year-over-year basis. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. On average, sell-side analysts forecast that Fabrinet will post 9.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FN. Barclays lifted their price objective on Fabrinet from $537.00 to $548.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. Weiss Ratings downgraded Fabrinet from a “buy (b)” rating to a “hold (c+)” rating in a research note on Friday, February 13th. B. Riley Financial raised their target price on Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Needham & Company LLC reissued a “buy” rating and issued a $540.00 price objective on shares of Fabrinet in a research report on Tuesday, February 3rd. Finally, Northland Securities set a $600.00 price objective on shares of Fabrinet in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $541.25.

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.