Fabrinet (NYSE:FN - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $397.26 and last traded at $380.52, with a volume of 511289 shares. The stock had previously closed at $389.47.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the stock. B. Riley increased their target price on shares of Fabrinet from $184.00 to $220.00 and gave the stock a "neutral" rating in a report on Tuesday, August 19th. JPMorgan Chase & Co. raised shares of Fabrinet from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $318.00 to $345.00 in a report on Monday, August 25th. Barclays increased their target price on shares of Fabrinet from $234.00 to $329.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 19th. Rosenblatt Securities reaffirmed a "buy" rating and set a $360.00 price objective on shares of Fabrinet in a report on Tuesday, August 19th. Finally, Zacks Research lowered shares of Fabrinet from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 28th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $312.33.
Read Our Latest Stock Report on Fabrinet
Fabrinet Price Performance
The company has a market capitalization of $13.60 billion, a P/E ratio of 41.45 and a beta of 1.08. The business has a 50-day moving average of $333.66 and a 200-day moving average of $265.01.
Fabrinet (NYSE:FN - Get Free Report) last issued its quarterly earnings results on Monday, August 18th. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.63 by $0.02. The company had revenue of $909.69 million during the quarter, compared to the consensus estimate of $880.19 million. Fabrinet had a return on equity of 17.77% and a net margin of 9.72%.Fabrinet's revenue was up 20.8% on a year-over-year basis. During the same period last year, the company earned $2.41 earnings per share. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. Sell-side analysts predict that Fabrinet will post 9.4 EPS for the current fiscal year.
Insider Transactions at Fabrinet
In other news, EVP Edward T. Archer sold 3,333 shares of Fabrinet stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $354.48, for a total transaction of $1,181,481.84. Following the completion of the sale, the executive vice president directly owned 6,644 shares in the company, valued at approximately $2,355,165.12. This trade represents a 33.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Seamus Grady sold 9,513 shares of Fabrinet stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $329.52, for a total value of $3,134,723.76. Following the sale, the chief executive officer owned 46,024 shares of the company's stock, valued at approximately $15,165,828.48. This trade represents a 17.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,049 shares of company stock worth $9,360,401. 0.38% of the stock is currently owned by insiders.
Institutional Trading of Fabrinet
Institutional investors and hedge funds have recently made changes to their positions in the company. Maseco LLP bought a new stake in shares of Fabrinet in the second quarter valued at about $25,000. Banque Cantonale Vaudoise bought a new stake in shares of Fabrinet in the first quarter valued at about $29,000. Wayfinding Financial LLC bought a new stake in shares of Fabrinet in the first quarter valued at about $30,000. Berbice Capital Management LLC bought a new stake in shares of Fabrinet in the first quarter valued at about $30,000. Finally, Private Trust Co. NA grew its stake in Fabrinet by 44.3% in the first quarter. Private Trust Co. NA now owns 166 shares of the technology company's stock valued at $33,000 after purchasing an additional 51 shares during the last quarter. 97.38% of the stock is currently owned by institutional investors.
About Fabrinet
(
Get Free Report)
Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing.
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