Fabrinet (NYSE:FN) Short Interest Update

Key Points

• Fabrinet experienced a significant increase in short interest, rising by 45.2% in August, with a total of 1,830,000 shares shorted as of August 31st.
• Recent quarterly earnings showed Fabrinet reported $2.65 EPS, surpassing forecasts, and a revenue of $909.69 million, which also exceeded expectations.
• Insider selling has occurred recently, with executives offloading stock valued at $9.36 million in the last ninety days, reducing their ownership to 0.38% of the company.

Fabrinet (NYSE:FN - Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 1,830,000 shares, a growth of 45.2% from the August 15th total of 1,260,000 shares. Currently, 5.2% of the company's stock are short sold. Based on an average daily trading volume, of 658,800 shares, the short-interest ratio is currently 2.8 days. Based on an average daily trading volume, of 658,800 shares, the short-interest ratio is currently 2.8 days. Currently, 5.2% of the company's stock are short sold.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FN. Wolfe Research assumed coverage on shares of Fabrinet in a research note on Tuesday, July 8th. They issued a "peer perform" rating on the stock. Zacks Research lowered shares of Fabrinet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 28th. Needham & Company LLC restated a "buy" rating and issued a $350.00 price objective on shares of Fabrinet in a research report on Tuesday, August 19th. Barclays boosted their target price on Fabrinet from $234.00 to $329.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 19th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $360.00 target price on shares of Fabrinet in a research note on Tuesday, August 19th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $312.33.

Fabrinet Stock Down 1.1%

Shares of Fabrinet stock traded down $3.77 on Tuesday, reaching $355.23. The company's stock had a trading volume of 924,730 shares, compared to its average volume of 854,460. Fabrinet has a 52 week low of $148.55 and a 52 week high of $380.01. The firm's fifty day simple moving average is $325.13 and its two-hundred day simple moving average is $258.52. The company has a market capitalization of $12.69 billion, a price-to-earnings ratio of 38.70 and a beta of 1.08.

Fabrinet (NYSE:FN - Get Free Report) last issued 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 analysts' expectations of $880.19 million. Fabrinet had a return on equity of 17.77% and a net margin of 9.72%.The business's quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.41 earnings per share. Fabrinet has set its Q1 2026 guidance at 2.750-2.900 EPS. As a group, research analysts predict that Fabrinet will post 9.4 EPS for the current year.

Insider Activity at Fabrinet

In other news, EVP Edward T. Archer sold 3,333 shares of Fabrinet stock in a transaction dated 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 sale, the executive vice president owned 6,644 shares in the company, valued at approximately $2,355,165.12. The trade was a 33.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Seamus Grady sold 9,513 shares of the business's 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 completion of the sale, the chief executive officer directly owned 46,024 shares of the company's stock, valued at $15,165,828.48. The trade was a 17.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,049 shares of company stock valued at $9,360,401 in the last ninety days. Insiders own 0.38% of the company's stock.

Institutional Investors Weigh In On Fabrinet

Institutional investors and hedge funds have recently bought and sold shares of the company. Coldstream Capital Management Inc. grew its position in shares of Fabrinet by 3.2% during the 2nd quarter. Coldstream Capital Management Inc. now owns 998 shares of the technology company's stock worth $294,000 after buying an additional 31 shares in the last quarter. Evergreen Capital Management LLC lifted its stake in Fabrinet by 1.0% in the second quarter. Evergreen Capital Management LLC now owns 3,032 shares of the technology company's stock worth $893,000 after acquiring an additional 31 shares during the period. IFP Advisors Inc grew its holdings in Fabrinet by 10.9% during the 2nd quarter. IFP Advisors Inc now owns 347 shares of the technology company's stock worth $103,000 after acquiring an additional 34 shares in the last quarter. SBI Securities Co. Ltd. increased its position in Fabrinet by 21.7% during the 2nd quarter. SBI Securities Co. Ltd. now owns 219 shares of the technology company's stock valued at $65,000 after purchasing an additional 39 shares during the period. Finally, Bessemer Group Inc. raised its holdings in shares of Fabrinet by 33.6% in the 2nd quarter. Bessemer Group Inc. now owns 171 shares of the technology company's stock valued at $50,000 after purchasing an additional 43 shares in 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.

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