Fabrinet (NYSE:FN) Trading 5.1% Higher – Here’s Why

Fabrinet (NYSE:FN)’s stock price shot up 5.1% during trading on Monday . The company traded as high as $504.99 and last traded at $502.6280. Approximately 192,951 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 829,936 shares. The stock had previously closed at $478.39.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FN. Zacks Research lowered shares of Fabrinet from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Weiss Ratings downgraded Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $800.00 target price on shares of Fabrinet in a research report on Tuesday, May 5th. Wall Street Zen downgraded Fabrinet from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Rosenblatt Securities upped their price target on Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $661.75.

Fabrinet Stock Up 6.6%

The stock has a market capitalization of $18.88 billion, a P/E ratio of 45.28 and a beta of 1.20. The business’s 50 day simple moving average is $592.74 and its two-hundred day simple moving average is $564.59.

Fabrinet (NYSE:FN) last posted its earnings results on Monday, May 4th. The technology company reported $3.72 EPS for the quarter, topping the consensus estimate of $3.58 by $0.14. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The firm’s revenue for the quarter was up 39.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.52 earnings per share. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Analysts predict that Fabrinet will post 12.97 earnings per share for the current year.

Insider Buying and Selling at Fabrinet

In other news, Director Homa Bahrami sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $711.91, for a total value of $1,779,775.00. Following the transaction, the director owned 16,233 shares in the company, valued at $11,556,435.03. This trade represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.24% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fabrinet

Several institutional investors have recently bought and sold shares of the stock. Core Wealth Advisors LLC bought a new position in Fabrinet during the 4th quarter valued at $25,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Fabrinet in the 1st quarter worth $31,000. Westend Capital Management LLC bought a new stake in shares of Fabrinet in the 4th quarter worth $29,000. Harbour Investments Inc. raised its holdings in shares of 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 purchasing an additional 27 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV purchased a new stake in shares of Fabrinet in the fourth quarter valued at about $32,000. Institutional investors 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.