Fabrinet (NYSE:FN) Stock Price Down 6.2% – Time to Sell?

Fabrinet (NYSE:FN)’s stock price was down 6.2% during trading on Thursday . The stock traded as low as $572.15 and last traded at $574.3360. Approximately 100,975 shares traded hands during trading, a decline of 86% from the average daily volume of 715,857 shares. The stock had previously closed at $612.03.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $540.00 price target on shares of Fabrinet in a research note on Tuesday, February 3rd. Susquehanna boosted their price objective on Fabrinet from $550.00 to $570.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. Zacks Research upgraded Fabrinet from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. Barclays raised their target price on Fabrinet from $537.00 to $548.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Finally, Weiss Ratings upgraded shares of Fabrinet from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $541.25.

Fabrinet Trading Down 8.4%

The stock has a fifty day moving average of $513.44 and a 200-day moving average of $457.04. The firm has a market capitalization of $20.08 billion, a price-to-earnings ratio of 53.67 and a beta of 1.01.

Fabrinet (NYSE:FN) last announced its earnings results 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 business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the business posted $2.61 earnings per share. Fabrinet’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. As a group, equities research analysts forecast that Fabrinet will post 9.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC purchased a new position in shares of Fabrinet in the fourth quarter worth approximately $229,000. Rockefeller Capital Management L.P. lifted its position in shares of Fabrinet by 147.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 376 shares of the technology company’s stock valued at $171,000 after acquiring an additional 224 shares in the last quarter. World Investment Advisors boosted its stake in Fabrinet by 10.4% in the 4th quarter. World Investment Advisors now owns 1,604 shares of the technology company’s stock worth $730,000 after purchasing an additional 151 shares during the period. Corient Private Wealth LLC grew 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 worth $886,000 after purchasing an additional 80 shares in the last quarter. Finally, Worthington Financial Partners LLC purchased a new position in Fabrinet during the 4th quarter worth approximately $1,532,000. 97.38% of the stock is currently owned by institutional investors and hedge funds.

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.