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

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on FN shares. Rosenblatt Securities raised 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. Barclays raised their price target on shares of Fabrinet from $548.00 to $702.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. decreased their price target on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $800.00 price target on shares of Fabrinet in a research note on Tuesday, May 5th. Finally, Zacks Research raised shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $661.75.

Fabrinet Stock Performance

The stock’s 50 day simple moving average is $660.05 and its two-hundred day simple moving average is $554.78. The firm has a market capitalization of $21.71 billion, a PE ratio of 51.95 and a beta of 1.18.

Fabrinet (NYSE:FN) last released its earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share for the quarter, topping analysts’ consensus estimates of $3.58 by $0.14. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the company posted $2.52 EPS. The business’s revenue was up 39.3% on a year-over-year basis. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Equities research analysts expect that Fabrinet will post 12.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Core Wealth Advisors LLC purchased a new position in Fabrinet in the 4th quarter worth approximately $25,000. Cassaday & Co Wealth Management LLC purchased a new position in Fabrinet in the 1st quarter worth approximately $31,000. Westend Capital Management LLC purchased a new position in Fabrinet in the 4th quarter worth approximately $29,000. Harbour Investments Inc. raised its position in shares of Fabrinet by 75.0% during the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after buying an additional 27 shares during the period. Finally, Creative Financial Designs Inc. ADV purchased a new stake in shares of Fabrinet during the 4th quarter valued at approximately $32,000. 97.38% of the stock is owned by hedge funds and other institutional investors.

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.