Fabrinet (NYSE:FN) Shares Up 7.1% – Time to Buy?

Fabrinet (NYSE:FN) shares rose 7.1% during trading on Thursday . The company traded as high as $541.03 and last traded at $536.0350. Approximately 303,513 shares changed hands during trading, a decline of 57% from the average daily volume of 703,108 shares. The stock had previously closed at $500.43.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FN. Needham & Company LLC reiterated a “buy” rating and issued a $540.00 price objective on shares of Fabrinet in a research report on Tuesday, February 3rd. Weiss Ratings lowered Fabrinet from a “buy (b)” rating to a “hold (c+)” rating in a research note on Friday, February 13th. Susquehanna raised 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. Wolfe Research upgraded Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price target for the company in a research report on Wednesday, February 4th. Finally, Northland Securities set a $600.00 price objective on Fabrinet in a report on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Fabrinet presently has a consensus rating of “Moderate Buy” and a consensus target price of $541.25.

Fabrinet Stock Up 8.0%

The firm’s 50-day simple moving average is $503.65 and its 200-day simple moving average is $449.54. The firm has a market capitalization of $19.36 billion, a PE ratio of 51.76 and a beta of 1.01.

Fabrinet (NYSE:FN) last released its quarterly earnings data on Monday, February 2nd. The technology company reported $3.36 EPS for the quarter, topping the consensus estimate 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 previous year, the business earned $2.61 earnings per share. The company’s quarterly 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, equities research analysts forecast that Fabrinet will post 9.4 earnings per share for the current year.

Institutional Trading of Fabrinet

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC purchased a new position in shares of Fabrinet in the first quarter worth $203,000. Empowered Funds LLC purchased a new stake in Fabrinet during the 1st quarter valued at $2,331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Fabrinet by 4.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,444 shares of the technology company’s stock valued at $15,691,000 after buying an additional 3,717 shares during the period. Police & Firemen s Retirement System of New Jersey grew its holdings in Fabrinet by 4.3% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 8,164 shares of the technology company’s stock worth $2,406,000 after acquiring an additional 338 shares during the last quarter. Finally, Creative Planning grew its holdings in Fabrinet by 22.1% in the 2nd quarter. Creative Planning now owns 19,998 shares of the technology company’s stock worth $5,893,000 after acquiring an additional 3,616 shares during the last quarter. 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.