Fabrinet (NYSE:FN) Hits New 52-Week High - Here's What Happened

Key Points

• New 52-week high: Fabrinet shares traded as high as $708.20 (last at $681.28) on Wednesday with about 727,352 shares changing hands, marking a new 52‑week high.
• Earnings beat and guidance: Fabrinet reported Q EPS of $3.36 versus $3.26 expected and revenue of $1.13B (+35.9% YoY), and set Q3 2026 guidance of $3.45–$3.60 EPS while analysts forecast roughly 9.4 EPS for the fiscal year.
• Analyst sentiment and valuation: Six analysts rate the stock Buy and three Hold (consensus “Moderate Buy”) with an average target of $541.25—well below current levels—while the company carries a market cap of $24.41B and a P/E of 65.26.

Fabrinet (NYSE:FN - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $708.20 and last traded at $681.28, with a volume of 727352 shares trading hands. The stock had previously closed at $689.89.

Wall Street Analysts Forecast Growth

FN has been the topic of a number of analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $550.00 target price on shares of Fabrinet in a research note on Tuesday, February 3rd. Barclays upped their target price on Fabrinet from $537.00 to $548.00 and gave the company an "overweight" rating in a research note on Tuesday, February 3rd. Susquehanna upped their target price on Fabrinet from $550.00 to $570.00 and gave the company a "positive" rating in a research note on Thursday, January 22nd. Zacks Research cut Fabrinet from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 6th. Finally, Wolfe Research raised Fabrinet from a "peer perform" rating to an "outperform" rating and set a $540.00 target price on the stock in a research note on Wednesday, February 4th. 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 data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $541.25.

Fabrinet Stock Down 1.2%

The company has a market cap of $24.41 billion, a P/E ratio of 65.26 and a beta of 1.04. The firm has a 50 day moving average of $540.30 and a 200-day moving average of $478.68.

Fabrinet (NYSE:FN - Get Free Report) last announced its quarterly earnings data on Monday, February 2nd. The technology company reported $3.36 earnings per share (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 company had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.08 billion. During the same quarter in the prior year, the firm earned $2.61 earnings per share. Fabrinet's revenue was up 35.9% compared to the same quarter last year. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. On average, research analysts predict that Fabrinet will post 9.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Core Wealth Advisors LLC bought a new position in Fabrinet in the fourth quarter worth approximately $25,000. Westend Capital Management LLC purchased a new stake in Fabrinet during the fourth quarter worth $29,000. Harbour Investments Inc. lifted its holdings in Fabrinet by 75.0% during the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company's stock worth $29,000 after buying an additional 27 shares during the period. Creative Financial Designs Inc. ADV purchased a new stake in Fabrinet during the fourth quarter worth $32,000. Finally, Quarry LP lifted its holdings in Fabrinet by 300.0% during 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. Institutional investors 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.

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