Fabrinet (NYSE:FN) Trading Up 6.6% – Here’s What Happened

Fabrinet (NYSE:FN) shares were up 6.6% on Friday . The company traded as high as $663.90 and last traded at $658.92. Approximately 340,800 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 711,680 shares. The stock had previously closed at $618.26.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on FN shares. Susquehanna upped their target price on Fabrinet from $550.00 to $570.00 and gave the company a “positive” rating in a report on Thursday, January 22nd. Northland Securities set a $600.00 price objective on Fabrinet in a report on Monday, December 22nd. B. Riley Financial increased their price objective on Fabrinet from $366.00 to $452.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. 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. Finally, Rosenblatt Securities restated a “buy” rating and issued a $550.00 price objective on shares of Fabrinet in a report on Tuesday, February 3rd. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $541.25.

Fabrinet Price Performance

The business has a fifty day moving average of $531.84 and a 200 day moving average of $473.36. The stock has a market cap of $23.77 billion, a price-to-earnings ratio of 63.55 and a beta of 1.04.

Fabrinet (NYSE:FN) last released its quarterly earnings data 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 return on equity of 18.69% and a net margin of 9.69%.The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the company posted $2.61 earnings per share. The firm’s revenue was up 35.9% on a year-over-year basis. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. On average, analysts expect that Fabrinet will post 9.4 EPS for the current year.

Hedge Funds Weigh In On Fabrinet

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC acquired a new position in Fabrinet during the fourth quarter valued at approximately $229,000. Rockefeller Capital Management L.P. grew its holdings in Fabrinet by 147.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 376 shares of the technology company’s stock valued at $171,000 after purchasing an additional 224 shares during the last quarter. World Investment Advisors grew its holdings in Fabrinet by 10.4% during the fourth quarter. World Investment Advisors now owns 1,604 shares of the technology company’s stock valued at $730,000 after purchasing an additional 151 shares during the last quarter. Corient Private Wealth LLC grew its holdings in Fabrinet by 4.3% during the fourth quarter. Corient Private Wealth LLC now owns 1,947 shares of the technology company’s stock valued at $886,000 after purchasing an additional 80 shares during the last quarter. Finally, Worthington Financial Partners LLC acquired a new position in Fabrinet during the fourth quarter valued at approximately $1,532,000. Institutional investors and hedge funds own 97.38% of the company’s stock.

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.