Fabrinet (NYSE:FN) Reaches New 52-Week High – Still a Buy?

Fabrinet (NYSE:FN) shares reached a new 52-week high on Thursday . The company traded as high as $748.89 and last traded at $742.00, with a volume of 829115 shares changing hands. The stock had previously closed at $696.07.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FN. Barclays increased their price objective on Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Weiss Ratings upgraded Fabrinet from a “hold (c+)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. B. Riley Financial increased their price objective on Fabrinet from $366.00 to $452.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Rosenblatt Securities increased their price objective on Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, Zacks Research upgraded Fabrinet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $661.75.

Fabrinet Trading Up 6.6%

The stock has a market cap of $26.59 billion, a P/E ratio of 63.75 and a beta of 1.22. The firm has a 50-day simple moving average of $599.64 and a two-hundred day simple moving average of $516.94.

Fabrinet (NYSE:FN) last posted its quarterly earnings data 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 firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The company’s quarterly revenue was up 39.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Sell-side analysts predict that Fabrinet will post 12.96 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FN. Ashton Thomas Private Wealth LLC bought a new position in shares of Fabrinet in the first quarter worth $203,000. Empowered Funds LLC bought a new position in shares of Fabrinet in the first quarter worth $2,331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Fabrinet by 4.9% in 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 purchasing an additional 3,717 shares during the period. M&T Bank Corp bought a new position in shares of Fabrinet in the second quarter worth $214,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Fabrinet by 574.7% in the second quarter. EverSource Wealth Advisors LLC now owns 533 shares of the technology company’s stock worth $157,000 after purchasing an additional 454 shares during the period. 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.