May Hill Capital LLC Acquires New Position in Fabrinet $FN

May Hill Capital LLC acquired a new stake in shares of Fabrinet (NYSE:FN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 940 shares of the technology company’s stock, valued at approximately $428,000.

A number of other large investors have also bought and sold shares of FN. Divisadero Street Capital Management LP boosted its position in shares of Fabrinet by 57.4% during the 3rd quarter. Divisadero Street Capital Management LP now owns 56,344 shares of the technology company’s stock worth $20,544,000 after acquiring an additional 20,556 shares in the last quarter. Azzad Asset Management Inc. ADV purchased a new stake in shares of Fabrinet in the 3rd quarter valued at about $1,037,000. Federated Hermes Inc. lifted its holdings in shares of Fabrinet by 105.2% in the 3rd quarter. Federated Hermes Inc. now owns 5,982 shares of the technology company’s stock valued at $2,181,000 after purchasing an additional 3,067 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Fabrinet by 67.7% in the 3rd quarter. New York State Common Retirement Fund now owns 64,142 shares of the technology company’s stock valued at $23,387,000 after purchasing an additional 25,889 shares during the last quarter. Finally, M&T Bank Corp lifted its holdings in shares of Fabrinet by 196.5% in the 4th quarter. M&T Bank Corp now owns 2,345 shares of the technology company’s stock valued at $1,068,000 after purchasing an additional 1,554 shares during the last quarter. 97.38% of the stock is owned by hedge funds and other institutional investors.

Fabrinet Stock Up 0.0%

FN opened at $722.23 on Monday. The business has a 50 day moving average price of $606.55 and a two-hundred day moving average price of $521.31. The company has a market cap of $25.88 billion, a PE ratio of 62.05 and a beta of 1.22. Fabrinet has a 52 week low of $222.66 and a 52 week high of $748.89.

Fabrinet (NYSE:FN) last posted its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 EPS for the quarter, beating the consensus estimate of $3.58 by $0.14. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The firm’s revenue was up 39.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, sell-side analysts expect that Fabrinet will post 12.96 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Barclays boosted their target price on Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Fox Advisors downgraded Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. Susquehanna boosted their target price on Fabrinet from $550.00 to $570.00 and gave the company a “positive” rating in a report on Thursday, January 22nd. B. Riley Financial boosted 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. Finally, Rosenblatt Securities boosted their target price on Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Fabrinet presently has an average rating of “Moderate Buy” and a consensus target price 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.