May Hill Capital LLC Acquires Shares of 940 Fabrinet $FN

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

A number of other large investors have also modified their holdings of FN. Ashton Thomas Private Wealth LLC purchased a new position in shares of Fabrinet during the 1st quarter worth approximately $203,000. Empowered Funds LLC purchased a new position in shares of Fabrinet during the 1st quarter worth approximately $2,331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Fabrinet by 4.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,444 shares of the technology company’s stock worth $15,691,000 after buying an additional 3,717 shares in the last quarter. M&T Bank Corp purchased a new position in shares of Fabrinet during the 2nd quarter worth approximately $214,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Fabrinet by 574.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 533 shares of the technology company’s stock worth $157,000 after buying an additional 454 shares in the last quarter. 97.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Weiss Ratings raised Fabrinet from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. Susquehanna increased their target price on Fabrinet from $550.00 to $570.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. B. Riley Financial increased their target price on Fabrinet from $366.00 to $452.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Needham & Company LLC reissued a “buy” rating and set a $800.00 target price on shares of Fabrinet in a research note on Tuesday, May 5th. Finally, Wolfe Research raised Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 target price for the company in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Fabrinet presently has an average rating of “Moderate Buy” and a consensus price target of $661.75.

Fabrinet Price Performance

FN opened at $722.23 on Monday. The stock has a market cap of $25.88 billion, a P/E ratio of 62.05 and a beta of 1.22. The stock’s 50 day simple moving average is $606.55 and its 200 day simple moving average is $521.31. Fabrinet has a 1-year low of $222.66 and a 1-year high of $748.89.

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

Fabrinet 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.