Fabrinet (NYSE:FN) Stock Price Down 3.8% – Should You Sell?

Shares of Fabrinet (NYSE:FN) dropped 3.8% on Friday . The stock traded as low as $427.37 and last traded at $427.86. Approximately 270,416 shares changed hands during trading, a decline of 68% from the average daily volume of 847,856 shares. The stock had previously closed at $444.87.

Analyst Ratings Changes

A number of equities analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on Fabrinet from $680.00 to $695.00 and gave the stock a “neutral” rating in a research note on Tuesday. Needham & Company LLC reiterated a “buy” rating and issued a $650.00 price objective on shares of Fabrinet in a research report on Tuesday. Zacks Research lowered Fabrinet from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Fox Advisors upgraded shares of Fabrinet from an “equal weight” rating to an “overweight” rating in a report on Wednesday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $750.00 target price on shares of Fabrinet in a research note on Tuesday. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Fabrinet has an average rating of “Moderate Buy” and an average price target of $649.50.

Fabrinet Stock Down 2.3%

The company has a market capitalization of $15.57 billion, a PE ratio of 33.31 and a beta of 1.23. The stock’s fifty day moving average price is $519.11 and its two-hundred day moving average price is $568.63.

Fabrinet (NYSE:FN) last announced its quarterly earnings results on Monday, August 17th. The technology company reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.81 by $0.29. Fabrinet had a return on equity of 21.23% and a net margin of 10.19%.The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the business earned $2.65 EPS. Fabrinet’s revenue was up 44.6% compared to the same quarter last year. Fabrinet has set its Q1 2027 guidance at 4.100-4.250 EPS. On average, equities research analysts forecast that Fabrinet will post 16.46 EPS for the current year.

Hedge Funds Weigh In On Fabrinet

A number of hedge funds and other institutional investors have recently made changes to their positions in FN. Ashton Thomas Private Wealth LLC purchased a new position in Fabrinet during the 1st quarter valued at $203,000. Empowered Funds LLC purchased a new stake in shares of Fabrinet in the 1st quarter worth about $2,331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Fabrinet by 4.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,444 shares of the technology company’s stock valued at $15,691,000 after purchasing an additional 3,717 shares in the last quarter. M&T Bank Corp bought a new stake in shares of Fabrinet during the 2nd quarter valued at about $214,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Fabrinet by 574.7% during the second quarter. EverSource Wealth Advisors LLC now owns 533 shares of the technology company’s stock valued at $157,000 after buying an additional 454 shares during the period. Institutional investors own 97.38% of the company’s stock.

Fabrinet Company Profile

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.