Fabrinet (NYSE:FN) Sees Large Drop in Short Interest

Fabrinet (NYSE:FN) saw a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 1,575,002 shares, a decrease of 13.0% from the January 15th total of 1,809,813 shares. Currently, 4.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 648,660 shares, the short-interest ratio is presently 2.4 days. Based on an average daily trading volume, of 648,660 shares, the short-interest ratio is presently 2.4 days. Currently, 4.4% of the shares of the stock are short sold.

Fabrinet Stock Up 7.5%

Fabrinet stock opened at $496.92 on Tuesday. The company’s 50-day moving average price is $476.31 and its 200-day moving average price is $417.33. The company has a market cap of $17.80 billion, a PE ratio of 47.60 and a beta of 1.04. Fabrinet has a twelve month low of $148.55 and a twelve month high of $531.22.

Fabrinet (NYSE:FN) last announced its quarterly earnings results on Monday, February 2nd. The technology company reported $3.36 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 the consensus estimate of $1.08 billion. During the same quarter last year, the firm earned $2.61 EPS. The firm’s revenue for the quarter 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 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other 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 value of $1,021,108.00. Following the transaction, the director directly 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 legal filing with the Securities & Exchange Commission, which is available at 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 transaction, the director directly owned 18,316 shares of the company’s stock, valued at approximately $8,310,885. This trade represents a 16.04% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 28,151 shares of company stock worth $12,643,707. Corporate insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Core Wealth Advisors LLC purchased a new stake in shares of Fabrinet in the fourth quarter valued at $25,000. Westend Capital Management LLC bought a new position in Fabrinet during the 4th quarter valued at about $29,000. Harbour Investments Inc. raised its position in 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 period. Creative Financial Designs Inc. ADV purchased a new stake in Fabrinet in the 4th quarter worth about $32,000. Finally, Quarry LP lifted its stake in Fabrinet by 300.0% in the fourth quarter. Quarry LP now owns 72 shares of the technology company’s stock worth $33,000 after purchasing an additional 54 shares during the last quarter. 97.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FN has been the topic of several recent analyst reports. Susquehanna lifted their price objective on shares of Fabrinet from $550.00 to $570.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. Northland Securities set a $600.00 price target on shares of Fabrinet in a report on Monday, December 22nd. B. Riley Financial boosted their price target on shares of Fabrinet from $366.00 to $452.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Needham & Company LLC restated a “buy” rating and set a $540.00 price objective on shares of Fabrinet in a research report on Tuesday, February 3rd. Finally, Wolfe Research upgraded 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 analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $511.11.

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.