Fabrinet (NYSE:FN) Trading Up 11.1% – Still a Buy?

Posted by Brian Himes on May 13th, 2026

Fabrinet (NYSE:FN – Get Free Report) shares traded up 11.1% on Wednesday . The stock traded as high as $699.03 and last traded at $704.6490. 638,460 shares changed hands during mid-day trading, a decline of 14% from the average session volume of 738,173 shares. The stock had previously closed at $634.48.

Wall Street Analyst Weigh In

A number of equities analysts have commented on FN shares. Barclays lifted their price objective on shares of Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Northland Securities set a $800.00 price target on shares of Fabrinet in a report on Monday, April 20th. JPMorgan Chase & Co. dropped their price target on Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Rosenblatt Securities boosted their price objective on Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings raised Fabrinet from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $661.75.

Get Our Latest Stock Analysis on Fabrinet

Fabrinet Price Performance

The firm has a market cap of $24.96 billion, a P/E ratio of 59.84 and a beta of 1.22. The stock’s 50-day simple moving average is $597.38 and its two-hundred day simple moving average is $514.96.

Fabrinet (NYSE:FN – Get Free Report) last released its quarterly earnings results on Monday, May 4th. The technology company reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $3.58 by $0.14. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The firm’s revenue for the quarter was up 39.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.52 EPS. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, sell-side analysts expect that Fabrinet will post 12.96 earnings per share for the current year.

Institutional Investors Weigh In On Fabrinet

A number of institutional investors and hedge funds have recently modified their holdings of the business. Divisadero Street Capital Management LP lifted its holdings in Fabrinet by 57.4% during the 3rd quarter. Divisadero Street Capital Management LP now owns 56,344 shares of the technology company’s stock valued at $20,544,000 after buying an additional 20,556 shares in the last quarter. Azzad Asset Management Inc. ADV purchased a new stake in Fabrinet in the 3rd quarter valued at about $1,037,000. New York State Common Retirement Fund grew its stake in Fabrinet by 67.7% in the 3rd quarter. New York State Common Retirement Fund now owns 64,142 shares of the technology company’s stock worth $23,387,000 after acquiring an additional 25,889 shares in the last quarter. Federated Hermes Inc. increased its position in shares of Fabrinet by 105.2% during the third quarter. Federated Hermes Inc. now owns 5,982 shares of the technology company’s stock worth $2,181,000 after acquiring an additional 3,067 shares during the period. Finally, M&T Bank Corp increased its position in shares of Fabrinet by 196.5% during the fourth quarter. M&T Bank Corp now owns 2,345 shares of the technology company’s stock worth $1,068,000 after acquiring an additional 1,554 shares during the period. 97.38% of the stock is owned by institutional investors.

About Fabrinet

(Get Free Report)

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.