Fabrinet (NYSE:FN) Hits New 1-Year High – Time to Buy?

Fabrinet (NYSE:FN)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $542.20 and last traded at $542.5790, with a volume of 184370 shares traded. The stock had previously closed at $513.83.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FN. Barclays increased their price objective on Fabrinet from $537.00 to $548.00 and gave the stock an “overweight” rating in a report on Tuesday, February 3rd. Wolfe Research upgraded shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price objective for the company in a research report on Wednesday, February 4th. Northland Securities set a $600.00 price objective on shares of Fabrinet in a research note on Monday, December 22nd. Susquehanna increased their target price on shares of Fabrinet from $550.00 to $570.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. Finally, Zacks Research upgraded shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $541.25.

Fabrinet Price Performance

The firm has a market capitalization of $19.57 billion, a PE ratio of 52.31 and a beta of 1.04. The business’s 50 day moving average is $477.24 and its two-hundred day moving average is $422.01.

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

Insider Buying and Selling at Fabrinet

In related news, Director Thomas F. Kelly sold 2,200 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $464.14, for a total transaction of $1,021,108.00. Following the transaction, the director directly owned 18,789 shares of the company’s stock, valued at approximately $8,720,726.46. This trade represents a 10.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Seamus Grady sold 22,451 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The stock was 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 directly owned 23,573 shares of the company’s stock, valued at approximately $10,535,952.35. This represents a 48.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 28,151 shares of company stock worth $12,643,707 over the last 90 days. Corporate insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Core Wealth Advisors LLC purchased a new stake in shares of Fabrinet in the 4th quarter valued at $25,000. Westend Capital Management LLC purchased a new stake in Fabrinet during the fourth quarter valued at about $29,000. Harbour Investments Inc. boosted its position in Fabrinet by 75.0% during the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after buying an additional 27 shares during the period. Creative Financial Designs Inc. ADV bought a new position in shares of Fabrinet during the fourth quarter valued at about $32,000. Finally, Quarry LP increased its holdings in shares of Fabrinet by 300.0% in the fourth quarter. Quarry LP now owns 72 shares of the technology company’s stock worth $33,000 after buying 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.