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

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

Analyst Ratings Changes

Several equities analysts recently commented on FN shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Fabrinet in a research report on Monday, December 29th. Rosenblatt Securities restated a “buy” rating and set a $550.00 price objective on shares of Fabrinet in a report on Tuesday, February 3rd. Barclays increased their target price on Fabrinet from $537.00 to $548.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. Wolfe Research raised Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price target for the company in a research report on Wednesday, February 4th. Finally, Needham & Company LLC restated a “buy” rating and issued a $540.00 price objective on shares of Fabrinet in a report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Fabrinet has a consensus rating of “Buy” and a consensus price target of $511.11.

Fabrinet Trading Up 7.5%

The stock has a market capitalization of $17.80 billion, a PE ratio of 47.60 and a beta of 1.04. The business’s 50-day moving average is $476.17 and its two-hundred day moving average is $415.45.

Fabrinet (NYSE:FN) last released its quarterly earnings data on Monday, February 2nd. The technology company reported $3.36 EPS for the quarter, beating the consensus estimate of $3.26 by $0.10. Fabrinet had a return on equity of 18.69% and a net margin of 9.69%.The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the company posted $2.61 earnings per share. The firm’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. On average, analysts predict that Fabrinet will post 9.4 EPS for the current year.

Insider Buying and Selling

In other Fabrinet news, Director Thomas F. Kelly sold 2,200 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the director owned 18,789 shares in the company, valued at $8,720,726.46. This represents a 10.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Homa Bahrami sold 3,500 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $453.75, for a total transaction 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. This trade represents a 16.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 28,151 shares of company stock valued at $12,643,707. Corporate insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Fabrinet

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Fabrinet by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 4,135,345 shares of the technology company’s stock valued at $1,507,829,000 after buying an additional 59,002 shares during the last quarter. Wasatch Advisors LP lifted its stake in shares of Fabrinet by 45.1% in the second quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock worth $524,432,000 after acquiring an additional 553,196 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Fabrinet by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 1,108,813 shares of the technology company’s stock worth $504,886,000 after acquiring an additional 50,708 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Fabrinet by 64.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,065,414 shares of the technology company’s stock valued at $485,063,000 after purchasing an additional 419,081 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Fabrinet by 33.3% during the 3rd quarter. Invesco Ltd. now owns 681,850 shares of the technology company’s stock valued at $248,616,000 after purchasing an additional 170,297 shares in the last quarter. Hedge funds and other 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.