Fabrinet (NYSE:FN) Sets New 52-Week High – Should You Buy?

Fabrinet (NYSE:FN) reached a new 52-week high during trading on Thursday . The stock traded as high as $632.99 and last traded at $616.2220, with a volume of 830060 shares changing hands. The stock had previously closed at $585.87.

Analyst Ratings Changes

Several analysts have issued reports on FN shares. Zacks Research raised shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. Susquehanna upped their price objective on shares of Fabrinet from $550.00 to $570.00 and gave the stock a “positive” rating in a research report on Thursday, January 22nd. Weiss Ratings downgraded shares of Fabrinet from a “buy (b)” rating to a “hold (c+)” rating in a research report on Friday, February 13th. Needham & Company LLC reissued a “buy” rating and set a $540.00 target price on shares of Fabrinet in a research note on Tuesday, February 3rd. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $550.00 price target on shares of Fabrinet in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $541.25.

Fabrinet Stock Performance

The firm has a market cap of $22.08 billion, a P/E ratio of 59.03 and a beta of 1.04. The stock’s 50 day simple moving average is $485.88 and its 200 day simple moving average is $427.38.

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

Insider Transactions at Fabrinet

In related news, Director Thomas F. Kelly sold 2,200 shares of the stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $464.14, for a total transaction of $1,021,108.00. Following the completion of the transaction, the director owned 18,789 shares in the company, valued at approximately $8,720,726.46. This represents a 10.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Homa Bahrami sold 3,500 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $453.75, for a total transaction of $1,588,125.00. Following the sale, the director 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. 0.24% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fabrinet

Large investors have recently modified their holdings of the business. Balboa Wealth Partners lifted its stake in Fabrinet by 2.5% in the 4th quarter. Balboa Wealth Partners now owns 863 shares of the technology company’s stock worth $393,000 after purchasing an additional 21 shares in the last quarter. Richardson Financial Services Inc. increased its holdings in shares of Fabrinet by 12.2% in the fourth quarter. Richardson Financial Services Inc. now owns 211 shares of the technology company’s stock worth $96,000 after buying an additional 23 shares during the period. REAP Financial Group LLC lifted its stake in shares of Fabrinet by 15.7% in the 4th quarter. REAP Financial Group LLC now owns 192 shares of the technology company’s stock valued at $87,000 after acquiring an additional 26 shares during the last quarter. Harbour Investments Inc. grew its position in Fabrinet by 75.0% during 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 during the last quarter. Finally, Allworth Financial LP increased its stake in Fabrinet by 7.4% in the 4th quarter. Allworth Financial LP now owns 405 shares of the technology company’s stock worth $184,000 after purchasing an additional 28 shares during the period. 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.