Fabrinet (NYSE:FN) Shares Up 11.1% – Here’s Why

Fabrinet (NYSE:FN)’s stock price was up 11.1% during mid-day trading on Wednesday . The stock traded as high as $699.03 and last traded at $704.6490. Approximately 638,460 shares changed hands during trading, a decline of 14% from the average daily volume of 738,173 shares. The stock had previously closed at $634.48.

Analyst Ratings Changes

FN has been the topic of several recent research reports. Susquehanna raised 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. Fox Advisors cut shares of Fabrinet from a “strong-buy” rating to an “equal weight” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. lowered their price target on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Rosenblatt Securities upped their price target on shares of Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, Barclays increased their price objective on shares of Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Fabrinet currently has an average rating of “Moderate Buy” and a consensus target price of $661.75.

Fabrinet Trading Up 9.8%

The firm has a 50 day moving average of $597.38 and a 200-day moving average of $514.96. The company has a market cap of $24.96 billion, a P/E ratio of 59.84 and a beta of 1.22.

Fabrinet (NYSE:FN) last posted its quarterly earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.14. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The firm’s revenue for the quarter was up 39.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Equities analysts predict that Fabrinet will post 12.96 EPS 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 stock. Core Wealth Advisors LLC bought a new stake in shares of Fabrinet in the fourth quarter worth about $25,000. Westend Capital Management LLC purchased a new position in Fabrinet during the 4th quarter valued at approximately $29,000. Harbour Investments Inc. increased its stake in Fabrinet by 75.0% in 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 during the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Fabrinet during the 1st quarter worth approximately $31,000. Finally, Creative Financial Designs Inc. ADV purchased a new stake in shares of Fabrinet during the 4th quarter worth approximately $32,000. Institutional investors own 97.38% of the company’s stock.

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.