Fabrinet (NYSE:FN) Stock Price Down 11.2% – Here’s What Happened

Posted by George Bondi on Jun 6th, 2026

Fabrinet (NYSE:FN – Get Free Report) shares traded down 11.2% during trading on Thursday . The stock traded as low as $646.40 and last traded at $644.1480. 125,792 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 771,743 shares. The stock had previously closed at $725.00.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Needham & Company LLC reiterated a “buy” rating and issued a $800.00 price objective on shares of Fabrinet in a report on Tuesday, May 5th. Barclays lifted their price objective on Fabrinet from $548.00 to $702.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Fox Advisors downgraded Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday, May 5th. Rosenblatt Securities lifted their price objective on Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Finally, Weiss Ratings downgraded Fabrinet from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $661.75.

Read Our Latest Analysis on FN

Fabrinet Price Performance

The company has a market capitalization of $22.29 billion, a P/E ratio of 53.44 and a beta of 1.17. The company has a 50 day moving average of $651.98 and a 200-day moving average of $545.63.

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

Insider Activity

In related news, Director Homa Bahrami sold 2,500 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $711.91, for a total value of $1,779,775.00. Following the sale, the director directly owned 16,233 shares of the company’s stock, valued at $11,556,435.03. This trade represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.24% of the stock is owned by insiders.

Institutional Trading of Fabrinet

Several large investors have recently modified their holdings of the business. Core Wealth Advisors LLC bought a new stake in Fabrinet during the 4th quarter valued at approximately $25,000. Westend Capital Management LLC bought a new stake in Fabrinet during the 4th quarter valued at approximately $29,000. Harbour Investments Inc. boosted its position in Fabrinet by 75.0% during the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock valued at $29,000 after acquiring an additional 27 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in Fabrinet during the 1st quarter valued at approximately $31,000. Finally, Creative Financial Designs Inc. ADV bought a new stake in Fabrinet during the 4th quarter valued at approximately $32,000. 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.