Fabrinet (NYSE:FN) Sees Significant Growth in Short Interest

Fabrinet (NYSE:FN) was the recipient of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 1,993,192 shares, an increase of 26.6% from the January 29th total of 1,575,002 shares. Based on an average daily volume of 934,390 shares, the short-interest ratio is presently 2.1 days. Approximately 5.6% of the shares of the company are sold short. Approximately 5.6% of the shares of the company are sold short. Based on an average daily volume of 934,390 shares, the short-interest ratio is presently 2.1 days.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Wolfe Research upgraded shares of 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. Rosenblatt Securities restated a “buy” rating and issued a $550.00 target price on shares of Fabrinet in a research report on Tuesday, February 3rd. Susquehanna raised their price target on shares of Fabrinet from $550.00 to $570.00 and gave the company a “positive” rating in a research note on Thursday, January 22nd. Weiss Ratings downgraded Fabrinet from a “buy (b)” rating to a “hold (c+)” rating in a research report on Friday, February 13th. Finally, JPMorgan Chase & Co. increased their price objective on Fabrinet from $430.00 to $530.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $541.25.

Insider Buying and Selling at Fabrinet

In other news, Director Thomas F. Kelly sold 2,200 shares of the firm’s stock in a transaction dated Thursday, December 4th. The shares were 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 approximately $8,720,726.46. This trade represents a 10.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.24% of the company’s stock.

Institutional Trading of Fabrinet

Several hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd raised its position in Fabrinet by 1,665.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 406 shares of the technology company’s stock worth $185,000 after purchasing an additional 383 shares during the last quarter. Pacer Advisors Inc. boosted its position in Fabrinet by 6.2% in the 4th quarter. Pacer Advisors Inc. now owns 6,142 shares of the technology company’s stock valued at $2,796,000 after buying an additional 359 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Fabrinet in the 4th quarter valued at $1,854,000. T. Rowe Price Investment Management Inc. raised its position in shares of Fabrinet by 103,077.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 22,699 shares of the technology company’s stock worth $10,335,000 after acquiring an additional 22,677 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its position in Fabrinet by 4.3% during the 4th quarter. Corient Private Wealth LLC now owns 1,947 shares of the technology company’s stock valued at $886,000 after purchasing an additional 80 shares during the period. 97.38% of the stock is owned by institutional investors.

Fabrinet Stock Performance

Fabrinet stock traded up $12.90 on Wednesday, reaching $565.93. The company’s stock had a trading volume of 487,534 shares, compared to its average volume of 701,244. The business’s fifty day moving average price is $494.37 and its 200 day moving average price is $435.33. The company has a market cap of $20.28 billion, a price-to-earnings ratio of 54.21 and a beta of 1.01. Fabrinet has a twelve month low of $148.55 and a twelve month high of $632.99.

Fabrinet (NYSE:FN) last announced its earnings results on Monday, February 2nd. The technology company reported $3.36 earnings per share for the quarter, beating analysts’ consensus estimates 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%.The firm’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same period last 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, equities analysts forecast that Fabrinet will post 9.4 earnings per share for the current year.

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.