Fabrinet (NYSE:FN) Stock Price Down 11.2% – What’s Next?

Fabrinet (NYSE:FN)’s stock price dropped 11.2% during trading on Thursday . The company traded as low as $646.40 and last traded at $644.1480. Approximately 125,792 shares changed hands during trading, a decline of 84% from the average daily volume of 771,743 shares. The stock had previously closed at $725.00.

Wall Street Analysts Forecast Growth

FN has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Needham & Company LLC restated a “buy” rating and issued a $800.00 target price on shares of Fabrinet in a report on Tuesday, May 5th. JPMorgan Chase & Co. dropped their target price on shares of Fabrinet from $700.00 to $680.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Rosenblatt Securities raised their target price on shares of Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Finally, Barclays raised their target price on shares of Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $661.75.

Fabrinet Price Performance

The firm has a market capitalization of $25.37 billion, a P/E ratio of 60.66 and a beta of 1.17. The company’s 50-day simple moving average is $649.44 and its two-hundred day simple moving average is $542.93.

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

Insiders Place Their Bets

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $711.91, for a total value of $1,779,775.00. Following the transaction, the director directly owned 16,233 shares in the company, valued at approximately $11,556,435.03. This trade represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Core Wealth Advisors LLC bought a new position in Fabrinet in the fourth quarter worth approximately $25,000. Westend Capital Management LLC bought a new stake in shares of Fabrinet during the 4th quarter valued at $29,000. Harbour Investments Inc. raised its position in shares of Fabrinet by 75.0% during the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after purchasing an additional 27 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in shares of Fabrinet during the 1st quarter valued at $31,000. Finally, Creative Financial Designs Inc. ADV bought a new stake in shares of Fabrinet during the 4th quarter valued at $32,000. 97.38% of the stock is currently owned by 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.