Fabrinet (FN) slides as investors take profits and reassess valuation after recent run-up

Fabrinet (FN) is down 5.9% today. Here is some analysis on what might have caused this price movement.

Analysis: The move looks consistent with profit-taking and multiple compression after a strong rally, with investors continuing to digest the company’s early-May results and forward outlook. With no new company update clearly tied to today’s drop, the selloff may also reflect rotation out of higher-valuation tech/manufacturing names.

Details:

Earlier this month, Fabrinet reported record fiscal Q3 2026 revenue and EPS, exceeding its guidance ranges.

In that same update, Fabrinet issued fiscal Q4 2026 guidance for revenue and earnings that implied continued growth, but may not have been enough to exceed elevated expectations after the stock’s sharp run-up.

Recent disclosures show some insider selling activity in May, which can add to near-term supply and cautious sentiment even when fundamentals remain intact.

This could also be a technical pullback after the stock traded near recent highs, as traders lock in gains and reduce risk.

Sources:

Fabrinet Investor Relations / SEC, StockAnalysis, ChartMill

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$FN Insider Trading Activity

$FN insiders have traded $FN stock on the open market 8 times in the past 6 months. Of those trades, 0 have been purchases and 8 have been sales.

Here’s a breakdown of recent trading of $FN stock by insiders over the last 6 months:

THOMAS F KELLY has made 0 purchases and 5 sales selling 4,050 shares for an estimated $2,175,243.
HOMA BAHRAMI sold 3,500 shares for an estimated $1,588,114
DARLENE S. KNIGHT has made 0 purchases and 2 sales selling 1,000 shares for an estimated $477,056.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$FN Hedge Fund Activity

We have seen 361 institutional investors add shares of $FN stock to their portfolio, and 285 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JPMORGAN CHASE & CO added 419,081 shares (+64.8%) to their portfolio in Q4 2025, for an estimated $190,799,197
CAPITAL RESEARCH GLOBAL INVESTORS removed 369,101 shares (-51.9%) from their portfolio in Q1 2026, for an estimated $192,493,553
AMERICAN CENTURY COMPANIES INC added 314,816 shares (+179.9%) to their portfolio in Q1 2026, for an estimated $164,182,840
HAWK RIDGE CAPITAL MANAGEMENT LP removed 276,395 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $125,837,115
FRANKLIN RESOURCES INC added 228,735 shares (+137.0%) to their portfolio in Q1 2026, for an estimated $119,289,877
DURABLE CAPITAL PARTNERS LP added 216,472 shares (+inf%) to their portfolio in Q1 2026, for an estimated $112,894,477
PRICE T ROWE ASSOCIATES INC /MD/ removed 198,407 shares (-4.9%) from their portfolio in Q1 2026, for an estimated $103,473,218

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$FN Congressional Stock Trading

Members of Congress have traded $FN stock 2 times in the past 6 months. Of those trades, 2 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $FN stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $50,000 on 03/27.
REPRESENTATIVE JOSH GOTTHEIMER purchased up to $15,000 on 03/24.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$FN Analyst Ratings

Wall Street analysts have issued reports on $FN in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Rosenblatt issued a "Buy" rating on 02/03/2026
Needham issued a "Buy" rating on 02/03/2026

To track analyst ratings and price targets for $FN, check out Quiver Quantitative's $FN forecast page.

$FN Price Targets

Multiple analysts have issued price targets for $FN recently. We have seen 6 analysts offer price targets for $FN in the last 6 months, with a median target of $691.0.

Here are some recent targets:

Tim Long from Barclays set a target price of $702.0 on 05/06/2026
Ryan Koontz from Needham set a target price of $800.0 on 05/05/2026
Mike Genovese from Rosenblatt set a target price of $750.0 on 05/05/2026
Samik Chatterjee from JP Morgan set a target price of $680.0 on 05/05/2026
Dave Kang from B. Riley Securities set a target price of $452.0 on 02/03/2026
Christopher Rolland from Susquehanna set a target price of $570.0 on 01/22/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.