Fabrinet (NYSE:FN) Shares Down 5% – Time to Sell?

Fabrinet (NYSE:FN) traded down 5% during trading on Tuesday . The company traded as low as $488.00 and last traded at $487.2140. 184,689 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 706,125 shares. The stock had previously closed at $512.82.

Analysts Set New Price Targets

Several research firms have recently issued reports on FN. Rosenblatt Securities reiterated a “buy” rating and set a $550.00 price objective on shares of Fabrinet in a research report on Tuesday, February 3rd. Barclays lifted their price target on shares of Fabrinet from $537.00 to $548.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Northland Securities set a $600.00 price objective on shares of Fabrinet in a report on Monday, December 22nd. Susquehanna lifted their target price on Fabrinet from $550.00 to $570.00 and gave the stock a “positive” rating in a report on Thursday, January 22nd. Finally, Wolfe Research upgraded Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 target price on the stock in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Fabrinet currently has an average rating of “Moderate Buy” and an average target price of $541.25.

Fabrinet Stock Performance

The stock has a market cap of $17.90 billion, a PE ratio of 47.84 and a beta of 1.01. The stock has a fifty day moving average price of $503.65 and a 200 day moving average price of $449.54.

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

Hedge Funds Weigh In On Fabrinet

A number of large investors have recently made changes to their positions in FN. Core Wealth Advisors LLC bought a new stake in Fabrinet in the fourth quarter worth about $25,000. Westend Capital Management LLC bought a new position in shares of Fabrinet during the fourth quarter valued at approximately $29,000. Harbour Investments Inc. raised its holdings in shares of Fabrinet by 75.0% in the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock worth $29,000 after buying an additional 27 shares during the period. Creative Financial Designs Inc. ADV bought a new stake in shares of Fabrinet during the 4th quarter worth approximately $32,000. Finally, Quarry LP boosted its holdings in Fabrinet by 300.0% during the 4th quarter. Quarry LP now owns 72 shares of the technology company’s stock valued at $33,000 after acquiring an additional 54 shares during the period. 97.38% of the stock is owned by hedge funds and other institutional investors.

About Fabrinet

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.