Penobscot Investment Management Company Inc. Raises Stock Position in Fabrinet $FN

Penobscot Investment Management Company Inc. boosted its position in shares of Fabrinet (NYSE:FN) by 59.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,042 shares of the technology company’s stock after acquiring an additional 4,487 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Fabrinet were worth $5,482,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Evergreen Capital Management LLC grew its stake in Fabrinet by 16.7% during the fourth quarter. Evergreen Capital Management LLC now owns 3,790 shares of the technology company’s stock valued at $1,726,000 after acquiring an additional 541 shares in the last quarter. Prakash Investment Advisors LLC purchased a new position in Fabrinet during the fourth quarter valued at approximately $637,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Fabrinet by 1.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,498 shares of the technology company’s stock valued at $5,235,000 after acquiring an additional 208 shares in the last quarter. Bayforest Capital Ltd grew its stake in Fabrinet by 5,100.0% during the fourth quarter. Bayforest Capital Ltd now owns 260 shares of the technology company’s stock valued at $118,000 after acquiring an additional 255 shares in the last quarter. Finally, Wealth Enhancement Trust Services Inc. purchased a new position in Fabrinet during the fourth quarter valued at approximately $166,000. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Fabrinet Stock Down 0.9%

NYSE:FN opened at $693.89 on Wednesday. The company has a fifty day moving average of $562.37 and a 200 day moving average of $489.99. Fabrinet has a 52 week low of $174.06 and a 52 week high of $732.12. The firm has a market capitalization of $24.86 billion, a P/E ratio of 66.46 and a beta of 1.04.

Fabrinet (NYSE:FN) last posted its quarterly earnings results on Monday, February 2nd. The technology company reported $3.36 EPS for the quarter, beating analysts’ consensus estimates of $3.26 by $0.10. Fabrinet had a net margin of 9.69% and a return on equity of 18.69%. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the business posted $2.61 EPS. The firm’s revenue was up 35.9% compared to the same quarter last year. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. As a group, analysts anticipate that Fabrinet will post 12.73 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on FN. Northland Securities set a $800.00 price target on shares of Fabrinet in a research note on Monday. Zacks Research cut shares of Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Rosenblatt Securities reissued a “buy” rating and issued a $550.00 price target on shares of Fabrinet in a research note on Tuesday, February 3rd. Weiss Ratings cut shares of Fabrinet from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 8th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $540.00 price target on shares of Fabrinet in a research note on Tuesday, February 3rd. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Fabrinet currently has an average rating of “Moderate Buy” and an average target price of $587.50.

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.