Fabrinet (NYSE:FN) Sets New 12-Month High – Here’s Why

Shares of Fabrinet (NYSE:FN) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $542.20 and last traded at $542.5790, with a volume of 184370 shares changing hands. The stock had previously closed at $513.83.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FN. Zacks Research upgraded Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. Weiss Ratings lowered Fabrinet from a “buy (b)” rating to a “hold (c+)” rating in a report on Friday, February 13th. B. Riley Financial upped their price target on Fabrinet from $366.00 to $452.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. raised their price objective on shares of Fabrinet from $430.00 to $530.00 and gave the company an “overweight” rating in a research report on Tuesday, November 4th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $550.00 target price on shares of Fabrinet in a report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $541.25.

Fabrinet Price Performance

The firm’s 50 day simple moving average is $475.69 and its two-hundred day simple moving average is $419.86. The firm has a market capitalization of $19.68 billion, a P/E ratio of 52.81 and a beta of 1.04.

Fabrinet (NYSE:FN) last issued its earnings results on Monday, February 2nd. The technology company reported $3.36 earnings per share for the quarter, beating the consensus estimate of $3.26 by $0.10. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Fabrinet had a return on equity of 18.69% and a net margin of 9.69%.Fabrinet’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.61 EPS. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. As a group, equities research analysts forecast that Fabrinet will post 9.4 EPS for the current year.

Insider Buying and Selling at Fabrinet

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

Institutional Investors Weigh In On Fabrinet

A number of large investors have recently modified their holdings of FN. Vanguard Group Inc. lifted its stake in shares of Fabrinet by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 4,135,345 shares of the technology company’s stock valued at $1,507,829,000 after purchasing an additional 59,002 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Fabrinet by 163.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,041,227 shares of the technology company’s stock worth $1,839,891,000 after acquiring an additional 2,504,841 shares during the last quarter. Wasatch Advisors LP increased its holdings in shares of Fabrinet by 45.1% during the second quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock valued at $524,432,000 after acquiring an additional 553,196 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Fabrinet by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 1,108,813 shares of the technology company’s stock worth $504,886,000 after purchasing an additional 50,708 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Fabrinet by 64.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,065,414 shares of the technology company’s stock worth $485,063,000 after purchasing an additional 419,081 shares in the last quarter. Institutional investors 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.