Fabrinet (NYSE:FN) Hits New 1-Year High - Here's Why

Key Points

• Fabrinet's stock reached a new 52-week high, trading at $360.00 before settling at $356.10, with a market cap of $12.72 billion.
• The company reported a quarterly earnings per share (EPS) of $2.65, surpassing analyst expectations, and saw a revenue increase of 20.8% year-over-year.
• Analysts maintain a consensus rating of "Moderate Buy" for Fabrinet, with target prices ranging significantly from $220.00 to $360.00.

Fabrinet (NYSE:FN - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $360.00 and last traded at $356.10, with a volume of 1258393 shares changing hands. The stock had previously closed at $332.34.

Analysts Set New Price Targets

FN has been the subject of several recent research reports. Zacks Research downgraded Fabrinet from a "strong-buy" rating to a "hold" rating in a report on Thursday. B. Riley increased their price target on Fabrinet from $184.00 to $220.00 and gave the company a "neutral" rating in a report on Tuesday, August 19th. Needham & Company LLC reiterated a "buy" rating and issued a $350.00 price target on shares of Fabrinet in a report on Tuesday, August 19th. Barclays increased their price target on Fabrinet from $234.00 to $329.00 and gave the company an "equal weight" rating in a report on Tuesday, August 19th. Finally, JPMorgan Chase & Co. raised Fabrinet from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $318.00 to $345.00 in a research report on Monday, August 25th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $312.33.

Fabrinet Stock Down 6.8%

The firm has a market capitalization of $11.82 billion, a price-to-earnings ratio of 36.05 and a beta of 1.08. The stock has a 50 day moving average of $308.61 and a 200 day moving average of $247.21.

Fabrinet (NYSE:FN - Get Free Report) last posted its quarterly earnings results on Monday, August 18th. The technology company reported $2.65 EPS for the quarter, topping analysts' consensus estimates of $2.63 by $0.02. The business 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%.The company's revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period last year, the firm earned $2.41 earnings per share. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. Analysts predict that Fabrinet will post 9.4 earnings per share for the current year.

Insider Transactions at Fabrinet

In other Fabrinet news, COO Harpal Gill sold 18,675 shares of the firm's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $240.00, for a total value of $4,482,000.00. Following the transaction, the chief operating officer owned 18,068 shares of the company's stock, valued at $4,336,320. This trade represents a 50.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.38% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Fabrinet

Large investors have recently bought and sold shares of the business. Maseco LLP bought a new position in Fabrinet in the second quarter worth about $25,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Fabrinet during the second quarter valued at approximately $35,000. First Horizon Advisors Inc. raised its holdings in shares of Fabrinet by 124.2% during the second quarter. First Horizon Advisors Inc. now owns 139 shares of the technology company's stock valued at $41,000 after buying an additional 77 shares during the last quarter. Cullen Frost Bankers Inc. raised its holdings in shares of Fabrinet by 118.5% during the second quarter. Cullen Frost Bankers Inc. now owns 142 shares of the technology company's stock valued at $42,000 after buying an additional 77 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Fabrinet during the first quarter valued at approximately $29,000. Institutional investors own 97.38% of the company's stock.

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.