Fabrinet (FN) jumps 6.3% as shares break out amid AI-optics momentum and recent strong guidance

Fabrinet (FN) is up 6.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The move looks driven by a momentum-style breakout to new highs, with investors continuing to re-rate Fabrinet as a key manufacturing beneficiary of AI/data-center optical demand. The rally also follows the company’s early-February quarterly beat and upbeat next-quarter outlook, which reinforced the growth narrative.

Details:

Shares pushed above a widely watched technical area around the low-$530s, helping trigger follow-on buying as the stock set fresh highs.

In its fiscal Q2 2026 results (reported February 2, 2026), Fabrinet posted record revenue of $1.1329 billion and non-GAAP EPS of $3.36, both above its prior guidance ranges.

For fiscal Q3 2026, the company guided revenue of $1.15 billion to $1.20 billion and non-GAAP EPS of $3.45 to $3.60, implying continued sequential growth.

Broader risk-on trading in large-cap tech-related names appeared supportive, which can amplify moves in high-momentum AI infrastructure suppliers.

Sources:

Fabrinet Investor Relations, Investors Business Daily, Investing.com

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 36 times in the past 6 months. Of those trades, 0 have been purchases and 36 have been sales.

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

SEAMUS GRADY (Chief Executive Officer) has made 0 purchases and 9 sales selling 31,964 shares for an estimated $13,169,227.
CSABA SVERHA (Chief Financial Officer) has made 0 purchases and 5 sales selling 23,000 shares for an estimated $7,654,928.
PRABIR ADARKAR (PRESIDENT AND COO) has made 0 purchases and 8 sales selling 24,968 shares for an estimated $6,799,264.
HARPAL GILL (PRESIDENT & COO) sold 14,203 shares for an estimated $5,044,152
ROLLANCE E. OLSON has made 0 purchases and 2 sales selling 9,000 shares for an estimated $3,007,100.
EDWARD T. ARCHER (EVP, Sales & Marketing) has made 0 purchases and 5 sales selling 6,533 shares for an estimated $2,253,905.
HOMA BAHRAMI sold 3,500 shares for an estimated $1,588,114
DARLENE S. KNIGHT has made 0 purchases and 4 sales selling 2,679 shares for an estimated $1,054,520.
THOMAS F KELLY sold 2,200 shares for an estimated $1,021,112

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$FN Hedge Fund Activity

We have seen 299 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:

PRICE T ROWE ASSOCIATES INC /MD/ added 2,504,841 shares (+163.0%) to their portfolio in Q4 2025, for an estimated $1,140,404,010
WASATCH ADVISORS LP removed 617,728 shares (-42.9%) from their portfolio in Q4 2025, for an estimated $281,239,203
POINT72 ASSET MANAGEMENT, L.P. removed 465,312 shares (-59.6%) from their portfolio in Q4 2025, for an estimated $211,847,247
CITADEL ADVISORS LLC removed 432,283 shares (-71.0%) from their portfolio in Q4 2025, for an estimated $196,809,804
JPMORGAN CHASE & CO added 419,081 shares (+64.8%) to their portfolio in Q4 2025, for an estimated $190,799,197
CAPITAL INTERNATIONAL INVESTORS removed 337,584 shares (-52.9%) from their portfolio in Q4 2025, for an estimated $153,695,243
CAPITAL RESEARCH GLOBAL INVESTORS removed 297,162 shares (-29.5%) from their portfolio in Q4 2025, for an estimated $135,291,915

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$FN Congressional Stock Trading

Members of Congress have traded $FN stock 3 times in the past 6 months. Of those trades, 1 have been purchases and 2 have been sales.

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

REPRESENTATIVE LISA C. MCCLAIN has traded it 3 times. They made 1 purchase worth up to $15,000 on 10/30 and 2 sales worth up to $30,000 on 10/31, 10/30.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$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:

Needham issued a "Buy" rating on 02/03/2026
Rosenblatt 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 $544.0.

Here are some recent targets:

Mike Genovese from Rosenblatt set a target price of $550.0 on 02/03/2026
Ryan Koontz from Needham set a target price of $540.0 on 02/03/2026
Tim Long from Barclays set a target price of $548.0 on 02/03/2026
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
Samik Chatterjee from JP Morgan set a target price of $530.0 on 11/04/2025

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.