Fabrinet (NYSE:FN) Short Interest Update

Fabrinet (NYSE:FN) saw a significant growth in short interest in March. As of March 31st, there was short interest totaling 2,547,393 shares, a growth of 25.4% from the March 15th total of 2,032,181 shares. Based on an average daily trading volume, of 748,453 shares, the days-to-cover ratio is currently 3.4 days. Approximately 7.1% of the shares of the company are sold short.

Fabrinet Price Performance

FN stock traded down $22.51 during midday trading on Thursday, reaching $663.30. The company had a trading volume of 465,093 shares, compared to its average volume of 716,612. The company has a market capitalization of $23.76 billion, a price-to-earnings ratio of 63.66 and a beta of 1.04. The stock has a 50 day moving average price of $545.62 and a 200-day moving average price of $480.13. Fabrinet has a 1-year low of $167.33 and a 1-year high of $708.20.

Fabrinet (NYSE:FN) last posted its quarterly earnings results on Monday, February 2nd. The technology company reported $3.36 EPS for the quarter, beating analysts’ consensus estimates of $3.26 by $0.10. The business 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 for the quarter was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.61 earnings per share. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. As a group, research analysts anticipate that Fabrinet will post 9.4 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FN. Ashton Thomas Private Wealth LLC acquired a new position in Fabrinet during the first quarter worth about $203,000. Empowered Funds LLC acquired a new position in Fabrinet during the first quarter worth about $2,331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Fabrinet by 4.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,444 shares of the technology company’s stock worth $15,691,000 after acquiring an additional 3,717 shares in the last quarter. M&T Bank Corp acquired a new position in Fabrinet during the second quarter worth about $214,000. Finally, EverSource Wealth Advisors LLC raised its stake in Fabrinet by 574.7% during the second quarter. EverSource Wealth Advisors LLC now owns 533 shares of the technology company’s stock worth $157,000 after acquiring an additional 454 shares in the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.

Analyst Upgrades and Downgrades

FN has been the subject of a number of research reports. Rosenblatt Securities reissued a “buy” rating and set a $550.00 target price on shares of Fabrinet in a report on Tuesday, February 3rd. Northland Securities set a $600.00 price target on Fabrinet in a research note on Monday, December 22nd. Susquehanna boosted their price target on Fabrinet from $550.00 to $570.00 and gave the company a “positive” rating in a research note on Thursday, January 22nd. JPMorgan Chase & Co. downgraded Fabrinet from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $530.00 to $700.00 in a research note on Thursday. Finally, Wolfe Research raised Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price target for the company in a research note on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $562.50.

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.