Fabrinet (NYSE:FN) Shares Down 7.5% – Time to Sell?

Fabrinet (NYSE:FN)’s share price traded down 7.5% on Tuesday . The stock traded as low as $592.00 and last traded at $588.22. 129,778 shares traded hands during trading, a decline of 83% from the average session volume of 775,324 shares. The stock had previously closed at $635.58.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Rosenblatt Securities lifted their price target on shares of Fabrinet from $715.00 to $750.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Zacks Research raised shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Barclays upped their price target on shares of Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Northland Securities set a $800.00 price objective on shares of Fabrinet in a research note on Monday, April 20th. Finally, Weiss Ratings lowered Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. 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’s stock. According to data from MarketBeat.com, Fabrinet currently has an average rating of “Moderate Buy” and an average target price of $661.75.

Fabrinet Price Performance

The business has a fifty day simple moving average of $660.05 and a two-hundred day simple moving average of $554.78. The company has a market cap of $21.71 billion, a PE ratio of 51.95 and a beta of 1.18.

Fabrinet (NYSE:FN) last issued its quarterly earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share (EPS) 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 the consensus estimate of $1.19 billion. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The business’s quarterly revenue was up 39.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. On average, equities research analysts predict that Fabrinet will post 12.96 EPS for the current year.

Insider Activity

In other news, Director Homa Bahrami sold 2,500 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $711.91, for a total transaction of $1,779,775.00. Following the transaction, the director directly owned 16,233 shares of the company’s stock, valued at approximately $11,556,435.03. This represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Divisadero Street Capital Management LP grew 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 valued at $20,544,000 after acquiring an additional 20,556 shares during the period. Swedbank AB acquired a new stake in shares of Fabrinet during the 4th quarter valued at about $5,372,000. M&T Bank Corp grew its position in shares of Fabrinet by 196.5% during the 4th quarter. M&T Bank Corp now owns 2,345 shares of the technology company’s stock valued at $1,068,000 after acquiring an additional 1,554 shares during the period. Munich Reinsurance Co Stock Corp in Munich acquired a new stake in shares of Fabrinet during the 3rd quarter valued at about $2,923,000. Finally, JSF Financial LLC acquired a new stake in shares of Fabrinet during the 4th quarter valued at about $957,000. Institutional investors and hedge funds own 97.38% of the company’s stock.

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.