Fabrinet (NYSE:FN) Short Interest Update

Fabrinet (NYSE:FN) saw a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 1,575,002 shares, a decrease of 13.0% from the January 15th total of 1,809,813 shares. Based on an average daily volume of 648,660 shares, the days-to-cover ratio is currently 2.4 days. Approximately 4.4% of the company’s stock are sold short. Approximately 4.4% of the company’s stock are sold short. Based on an average daily volume of 648,660 shares, the days-to-cover ratio is currently 2.4 days.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on FN shares. Needham & Company LLC reissued a “buy” rating and set a $540.00 target price on shares of Fabrinet in a research report on Tuesday, February 3rd. Northland Securities set a $600.00 price objective on Fabrinet in a research note on Monday, December 22nd. B. Riley Financial boosted their price objective on Fabrinet from $366.00 to $452.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Wolfe Research upgraded 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. Finally, Barclays raised their target price on Fabrinet from $537.00 to $548.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $541.25.

Fabrinet Stock Up 1.8%

Shares of FN opened at $505.71 on Thursday. The stock’s 50-day moving average price is $476.04 and its 200 day moving average price is $419.22. The firm has a market capitalization of $18.12 billion, a price-to-earnings ratio of 48.44 and a beta of 1.04. Fabrinet has a 12-month low of $148.55 and a 12-month high of $531.22.

Fabrinet (NYSE:FN) last announced its quarterly earnings data on Monday, February 2nd. The technology company reported $3.36 earnings per share for the quarter, topping the consensus estimate of $3.26 by $0.10. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.08 billion. Fabrinet had a return on equity of 18.69% and a net margin of 9.69%.Fabrinet’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.61 EPS. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. Equities research analysts expect that Fabrinet will post 9.4 EPS for the current year.

Insiders Place Their Bets

In other Fabrinet news, Director Homa Bahrami sold 3,500 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $453.75, for a total transaction of $1,588,125.00. Following the transaction, the director directly owned 18,316 shares in the company, valued at $8,310,885. This trade represents a 16.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Seamus Grady sold 22,451 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $446.95, for a total value of $10,034,474.45. Following the completion of the transaction, the chief executive officer directly owned 23,573 shares in the company, valued at $10,535,952.35. The trade was a 48.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 28,151 shares of company stock valued at $12,643,707 over the last three months. 0.24% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FN. Core Wealth Advisors LLC bought a new stake in shares of Fabrinet in the 4th quarter valued at approximately $25,000. Westend Capital Management LLC bought a new stake in Fabrinet in the fourth quarter valued at $29,000. Harbour Investments Inc. grew its position in Fabrinet by 75.0% in the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after acquiring an additional 27 shares during the period. Creative Financial Designs Inc. ADV acquired a new position in Fabrinet during the fourth quarter worth $32,000. Finally, Quarry LP lifted its holdings in shares of Fabrinet by 300.0% during the fourth quarter. Quarry LP now owns 72 shares of the technology company’s stock valued at $33,000 after acquiring an additional 54 shares during the period. Institutional investors and hedge funds own 97.38% of the company’s stock.

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.