Fabrinet (NYSE:FN) Shares Up 7.1% – Should You Buy?

Fabrinet (NYSE:FN)’s share price shot up 7.1% during trading on Thursday . The company traded as high as $541.03 and last traded at $536.0350. 303,513 shares were traded during mid-day trading, a decline of 57% from the average session volume of 703,108 shares. The stock had previously closed at $500.43.

Analysts Set New Price Targets

FN has been the subject of several recent research reports. Rosenblatt Securities restated a “buy” rating and set a $550.00 target price on shares of Fabrinet in a report on Tuesday, February 3rd. Northland Securities set a $600.00 price target on Fabrinet in a report on Monday, December 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 report on Tuesday, February 3rd. Zacks Research raised shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. Finally, Wolfe Research upgraded Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price objective on the stock in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $541.25.

Fabrinet Stock Performance

The stock has a market capitalization of $18.11 billion, a price-to-earnings ratio of 48.41 and a beta of 1.01. The business’s 50 day simple moving average is $506.78 and its 200-day simple moving average is $451.38.

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

Institutional Investors Weigh In On Fabrinet

Several institutional investors have recently made changes to their positions in FN. Core Wealth Advisors LLC acquired a new position in shares of Fabrinet during the 4th quarter worth about $25,000. Westend Capital Management LLC bought a new stake in shares of Fabrinet in the 4th quarter worth about $29,000. Harbour Investments Inc. boosted its holdings in shares of Fabrinet by 75.0% in the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock worth $29,000 after acquiring an additional 27 shares in the last quarter. Creative Financial Designs Inc. ADV bought a new stake in shares of Fabrinet during the fourth quarter worth $32,000. Finally, Quarry LP lifted its position in shares of Fabrinet by 300.0% during the fourth quarter. Quarry LP now owns 72 shares of the technology company’s stock worth $33,000 after purchasing an additional 54 shares in the last quarter. 97.38% of the stock is currently owned by institutional investors and hedge funds.

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.