Fabrinet (NYSE:FN) Stock Price Up 8.9% – Still a Buy?

Fabrinet (NYSE:FN)’s stock price shot up 8.9% during trading on Friday . The company traded as high as $502.84 and last traded at $503.2330. 322,328 shares changed hands 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.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FN. JPMorgan Chase & Co. increased their target price on Fabrinet from $430.00 to $530.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. Wolfe Research raised Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price target on the stock in a research report on Wednesday, February 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $540.00 price objective on shares of Fabrinet in a report on Tuesday, February 3rd. Barclays boosted their target price on shares of Fabrinet from $537.00 to $548.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Finally, Susquehanna raised their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $511.11.

Fabrinet Price Performance

The stock has a market capitalization of $17.80 billion, a price-to-earnings ratio of 47.60 and a beta of 1.04. The company has a 50-day simple moving average of $475.81 and a two-hundred day simple moving average of $413.54.

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

Insider Buying and Selling at Fabrinet

In related news, Director Thomas F. Kelly sold 2,200 shares of the 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 directly owned 18,789 shares of the company’s stock, valued at $8,720,726.46. This represents a 10.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Seamus Grady sold 22,451 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $446.95, for a total value of $10,034,474.45. Following the completion of the sale, the chief executive officer owned 23,573 shares in the company, valued at approximately $10,535,952.35. This represents a 48.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 28,151 shares of company stock worth $12,643,707. 0.24% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Greenline Wealth Management LLC acquired a new position in shares of Fabrinet during the fourth quarter valued at $87,000. Advyzon Investment Management LLC increased its stake in Fabrinet by 11.6% during the 4th quarter. Advyzon Investment Management LLC now owns 710 shares of the technology company’s stock valued at $323,000 after buying an additional 74 shares during the period. Acumen Wealth Advisors LLC bought a new stake in shares of Fabrinet during the 4th quarter worth about $37,000. First Trust Advisors LP lifted its stake in shares of Fabrinet by 2.7% in the 4th quarter. First Trust Advisors LP now owns 3,367 shares of the technology company’s stock worth $1,533,000 after acquiring an additional 90 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in shares of Fabrinet by 2.1% in the fourth quarter. Van ECK Associates Corp now owns 31,352 shares of the technology company’s stock valued at $14,274,000 after acquiring an additional 637 shares in the last quarter. 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.