Fabrinet (NYSE:FN) Sets New 12-Month High - Here's Why

Key Points

• Fabrinet's stock has reached a new 52-week high of $397.69, with a recent closing price of $397.48 and a trading volume of 204,377 shares.
• Brokerage firms have given mixed ratings, with B. Riley setting a new price target of $220.00 and Rosenblatt Securities raising theirs to $425.00, reflecting strong investor interest.
• For its latest quarter, Fabrinet reported earnings of $2.65 per share, exceeding expectations, alongside a 20.8% year-over-year increase in revenue.

Fabrinet (NYSE:FN - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $397.69 and last traded at $397.48, with a volume of 204377 shares traded. The stock had previously closed at $375.24.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FN. B. Riley lifted their price objective on Fabrinet from $184.00 to $220.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 19th. Needham & Company LLC reaffirmed a "buy" rating and issued a $350.00 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. Rosenblatt Securities lifted their target price on shares of Fabrinet from $360.00 to $425.00 and gave the stock a "buy" rating in a research note on Thursday, October 2nd. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Fabrinet in a research note on Wednesday, October 8th. Five investment 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 has an average rating of "Moderate Buy" and an average target price of $323.17.

Fabrinet Trading Up 6.1%

The company's 50 day moving average price is $350.70 and its 200-day moving average price is $281.28. The company has a market capitalization of $14.23 billion, a PE ratio of 43.37 and a beta of 1.05.

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

Insider Activity

In related news, CEO Seamus Grady sold 9,513 shares of Fabrinet stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $329.52, for a total transaction of $3,134,723.76. Following the transaction, the chief executive officer owned 46,024 shares in the company, valued at approximately $15,165,828.48. The trade was a 17.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Edward T. Archer sold 3,333 shares of Fabrinet stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $354.48, for a total transaction of $1,181,481.84. Following the transaction, the executive vice president owned 6,644 shares in the company, valued at $2,355,165.12. The trade was a 33.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,049 shares of company stock valued at $9,360,401 in the last ninety days. Company insiders own 0.38% of the company's stock.

Hedge Funds Weigh In On Fabrinet

Hedge funds and other institutional investors have recently made changes to their positions in the business. Maseco LLP acquired a new position in shares of Fabrinet during the 2nd quarter valued at $25,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Fabrinet during the 2nd quarter valued at $35,000. First Horizon Advisors Inc. lifted its holdings in Fabrinet by 124.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 139 shares of the technology company's stock worth $41,000 after buying an additional 77 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in Fabrinet by 118.5% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 142 shares of the technology company's stock worth $42,000 after buying an additional 77 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in Fabrinet in the 1st quarter worth $29,000. Institutional investors and hedge funds own 97.38% of the company's stock.

About Fabrinet

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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