Fabrinet (NYSE:FN) Short Interest Update

Fabrinet (NYSE:FN) was the recipient of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 1,575,002 shares, a decrease of 13.0% from the January 15th total of 1,809,813 shares. Approximately 4.4% of the company’s shares are sold short. Based on an average daily trading volume, of 648,660 shares, the days-to-cover ratio is currently 2.4 days. Based on an average daily trading volume, of 648,660 shares, the days-to-cover ratio is currently 2.4 days. Approximately 4.4% of the company’s shares are sold short.

Insider Transactions at Fabrinet

In related news, Director Homa Bahrami sold 3,500 shares of the business’s stock in a transaction on 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 completion of the transaction, the director owned 18,316 shares in the company, valued at $8,310,885. The trade was a 16.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Seamus Grady sold 22,451 shares of the company’s stock in a transaction 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 transaction, the chief executive officer directly owned 23,573 shares in the company, valued at $10,535,952.35. This trade represents a 48.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 28,151 shares of company stock worth $12,643,707. 0.24% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fabrinet

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Core Wealth Advisors LLC bought a new position in Fabrinet in the fourth quarter worth about $25,000. Westend Capital Management LLC purchased a new position in shares of Fabrinet in the 4th quarter worth approximately $29,000. Harbour Investments Inc. raised its stake in shares of 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 in the last quarter. Creative Financial Designs Inc. ADV bought a new position in shares of Fabrinet during the 4th quarter worth approximately $32,000. Finally, Quarry LP lifted its position in Fabrinet by 300.0% during the fourth 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 last quarter. Hedge funds and other institutional investors own 97.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on FN shares. Wolfe Research raised shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price target on the stock in a research note on Wednesday, February 4th. JPMorgan Chase & Co. upped their target price on shares of Fabrinet from $430.00 to $530.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 4th. B. Riley Financial raised their target price on shares of Fabrinet from $366.00 to $452.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Susquehanna boosted their price target on Fabrinet from $550.00 to $570.00 and gave the company a “positive” rating in a report on Thursday, January 22nd. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $550.00 price objective on shares of Fabrinet in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $511.11.

Fabrinet Stock Performance

Shares of FN opened at $496.92 on Tuesday. The company has a 50 day moving average price of $476.31 and a 200-day moving average price of $417.33. Fabrinet has a fifty-two week low of $148.55 and a fifty-two week high of $531.22. The stock has a market capitalization of $17.80 billion, a PE ratio of 47.60 and a beta of 1.04.

Fabrinet (NYSE:FN) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.08 billion. Fabrinet had a net margin of 9.69% and a return on equity of 18.69%. Fabrinet’s 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. Equities research analysts forecast that Fabrinet will post 9.4 EPS 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.