Fabrinet (NYSE:FN) Trading Down 6.2% - Should You Sell?

Key Points

• Shares fell 6.2% to about $574 on Thursday (intraday low $572.15) on very light volume — ~100,975 shares traded, an 86% drop from the average daily volume.
• Analysts are largely positive (one Strong Buy, seven Buy, one Hold) giving an overall Buy consensus, but the average price target of $541.25 is below the current share price.
• Fabrinet posted an earnings beat with $3.36 EPS vs. $3.26 expected and $1.13B revenue (up 35.9% YoY), set Q3 2026 EPS guidance of 3.450–3.600, and has high institutional ownership at 97.38%.

Fabrinet (NYSE:FN - Get Free Report)'s stock price was down 6.2% during trading on Thursday . The stock traded as low as $572.15 and last traded at $574.3360. Approximately 100,975 shares changed hands during trading, a decline of 86% from the average daily volume of 715,857 shares. The stock had previously closed at $612.03.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FN. Weiss Ratings raised Fabrinet from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday. Needham & Company LLC restated a "buy" rating and set a $540.00 price objective on shares of Fabrinet in a research note on Tuesday, February 3rd. Northland Securities set a $600.00 target price on Fabrinet in a research report on Monday, December 22nd. Barclays raised their target price on Fabrinet from $537.00 to $548.00 and gave the company an "overweight" rating in a research note on Tuesday, February 3rd. Finally, Rosenblatt Securities restated a "buy" rating and set a $550.00 price target on shares of Fabrinet in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $541.25.

Fabrinet Price Performance

The stock has a fifty day moving average price of $513.44 and a two-hundred day moving average price of $457.04. The company has a market cap of $20.08 billion, a P/E ratio of 53.67 and a beta of 1.01.

Fabrinet (NYSE:FN - Get Free Report) last posted its earnings results on Monday, February 2nd. The technology company reported $3.36 EPS for the quarter, beating the consensus estimate of $3.26 by $0.10. The firm had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.08 billion. Fabrinet had a return on equity of 18.69% and a net margin of 9.69%.The firm's revenue was up 35.9% compared to the same quarter last year. During the same period last year, the firm earned $2.61 EPS. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. As a group, analysts forecast that Fabrinet will post 9.4 earnings per share for the current year.

Institutional Investors Weigh In On Fabrinet

Hedge funds and other institutional investors have recently modified their holdings of the stock. Core Wealth Advisors LLC bought a new position in Fabrinet in the 4th quarter valued at about $25,000. Westend Capital Management LLC bought a new stake in shares of Fabrinet during the 4th quarter worth about $29,000. Harbour Investments Inc. lifted its stake in shares of Fabrinet by 75.0% in the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company's stock worth $29,000 after acquiring an additional 27 shares during the period. Creative Financial Designs Inc. ADV acquired a new stake in shares of Fabrinet in the 4th quarter worth approximately $32,000. Finally, Quarry LP boosted its holdings in shares of Fabrinet by 300.0% in the fourth quarter. Quarry LP now owns 72 shares of the technology company's stock valued at $33,000 after acquiring an additional 54 shares in the last quarter. 97.38% of the stock is currently owned by institutional investors.

About Fabrinet

Fabrinet is a global provider of advanced optical packaging and precision optical, electro‐mechanical and electronic manufacturing services (CEM). The company specializes in complex manufacturing processes for original equipment manufacturers (OEMs) in communications, data center, industrial, instrumentation and medical markets. Key capabilities include high‐precision fiber alignment, micro‐assembly, testing and diagnostics, and integration of electro‐optic subassemblies.

Incorporated in 2000, Fabrinet operates under a corporate structure headquartered in Singapore with additional regional offices and design centers in the Americas, Europe and Asia.

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