Fabrinet (NYSE:FN) Hits New 12-Month High - Time to Buy?

Key Points

• Fabrinet's stock price reached a new 52-week high, trading at $380.21 after peaking at $380.84, reflecting a notable increase in investor interest with a volume of 295,636 shares.
• Despite the stock's recent performance, analysts have mixed views; Zacks downgraded it to a "hold," while other firms, such as Barclays and B. Riley, adjusted their price targets and maintained a "buy" or "equal weight" rating.
• The company reported a 20.8% increase in revenue year-over-year, with earnings per share of $2.65 for the last quarter, surpassing analysts' expectations and showcasing strong financial performance.

Fabrinet (NYSE:FN - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $380.84 and last traded at $380.21, with a volume of 295636 shares. The stock had previously closed at $358.21.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Barclays boosted their price target on shares of Fabrinet from $234.00 to $329.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 19th. JPMorgan Chase & Co. upgraded shares of Fabrinet from a "neutral" rating to an "overweight" rating and raised their target price for the company from $318.00 to $345.00 in a research note on Monday, August 25th. Rosenblatt Securities reiterated a "buy" rating and issued a $360.00 target price on shares of Fabrinet in a research note on Tuesday, August 19th. Wolfe Research initiated coverage on shares of Fabrinet in a research note on Tuesday, July 8th. They issued a "peer perform" rating for the company. Finally, Zacks Research downgraded shares of Fabrinet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 28th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $312.33.

Fabrinet Stock Performance

The stock has a market capitalization of $13.94 billion, a P/E ratio of 41.33 and a beta of 1.08. The company's fifty day simple moving average is $332.09 and its two-hundred day simple moving average is $264.20.

Fabrinet (NYSE:FN - Get Free Report) last released its quarterly earnings results on Monday, August 18th. The technology company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.02. The firm had revenue of $909.69 million for the quarter, compared to analysts' expectations of $880.19 million. Fabrinet had a net margin of 9.72% and a return on equity of 17.77%. The business's revenue was up 20.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.41 EPS. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. On average, research analysts predict that Fabrinet will post 9.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Fabrinet

In other Fabrinet news, CEO Seamus Grady sold 9,513 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $329.52, for a total value of $3,134,723.76. Following the transaction, the chief executive officer directly owned 46,024 shares of the company's stock, valued at $15,165,828.48. This represents a 17.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Harpal Gill sold 14,203 shares of the firm's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $355.15, for a total transaction of $5,044,195.45. Following the transaction, the chief operating officer directly owned 13,983 shares in the company, valued at $4,966,062.45. This represents a 50.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,049 shares of company stock valued at $9,360,401 in the last three months. 0.38% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers increased its holdings in shares of Fabrinet by 11.6% during the first quarter. Cetera Investment Advisers now owns 13,212 shares of the technology company's stock worth $2,610,000 after purchasing an additional 1,368 shares during the period. Atria Wealth Solutions Inc. increased its stake in Fabrinet by 40.8% in the first quarter. Atria Wealth Solutions Inc. now owns 5,457 shares of the technology company's stock valued at $1,078,000 after acquiring an additional 1,582 shares during the last quarter. Private Trust Co. NA increased 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 acquiring an additional 51 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Fabrinet by 76.1% in the first quarter. Canada Pension Plan Investment Board now owns 69,400 shares of the technology company's stock valued at $13,707,000 after acquiring an additional 30,000 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in Fabrinet by 13.9% in the first quarter. Deutsche Bank AG now owns 51,549 shares of the technology company's stock valued at $10,181,000 after acquiring an additional 6,272 shares during the last quarter. 97.38% of the stock is owned by institutional investors.

Fabrinet Company Profile

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.