Fabrinet (NYSE:FN) Shares Up 8.9% – Here’s What Happened

Fabrinet (NYSE:FN) rose 8.9% during mid-day trading on Friday . The company traded as high as $502.84 and last traded at $503.2330. Approximately 322,328 shares were traded during trading, a decline of 57% from the average daily volume of 752,000 shares. The stock had previously closed at $462.05.

Wall Street Analyst Weigh In

FN has been the topic of several analyst reports. Rosenblatt Securities restated a “buy” rating and set a $550.00 price objective on shares of Fabrinet in a report on Tuesday, February 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Fabrinet in a research report on Monday, December 29th. JPMorgan Chase & Co. lifted their price target on Fabrinet from $430.00 to $530.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Northland Securities set a $600.00 price objective on shares of Fabrinet in a research note on Monday, December 22nd. Finally, Wolfe Research raised shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 target price on the stock in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Fabrinet presently has an average rating of “Buy” and a consensus price target of $511.11.

Fabrinet Trading Up 7.5%

The stock’s 50-day moving average is $475.81 and its 200-day moving average is $413.54. The stock has a market cap of $17.80 billion, a price-to-earnings ratio of 47.60 and a beta of 1.04.

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

Insider Buying and Selling at Fabrinet

In other Fabrinet news, Director Thomas F. Kelly sold 2,200 shares of the business’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $464.14, for a total transaction of $1,021,108.00. Following the transaction, the director owned 18,789 shares in the company, valued at $8,720,726.46. The trade was a 10.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Homa Bahrami sold 3,500 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $453.75, for a total value of $1,588,125.00. Following the completion of the sale, the director directly owned 18,316 shares of the company’s stock, valued at $8,310,885. The trade was a 16.04% decrease in their position. 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 owned by company insiders.

Institutional Investors Weigh In On Fabrinet

A number of hedge funds have recently bought and sold shares of FN. Core Wealth Advisors LLC bought a new stake in shares of Fabrinet in the fourth quarter worth $25,000. Westend Capital Management LLC acquired a new position in Fabrinet during the 4th quarter worth $29,000. Harbour Investments Inc. increased its position 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 purchasing an additional 27 shares during the last quarter. Creative Financial Designs Inc. ADV bought a new stake in shares of Fabrinet in the 4th quarter worth about $32,000. Finally, Root Financial Partners LLC acquired a new stake in shares of Fabrinet in the 3rd quarter valued at about $34,000. 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.