Fabrinet (FN) slides 10.1% amid risk-off tape and profit-taking after a sharp run-up

Fabrinet (FN) is down 10.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The drop looks most consistent with a broad risk-off session for equities, which can hit high-momentum, higher-valuation tech names disproportionately. With FN coming off a recent 52-week high, the move also resembles profit-taking rather than a single company-specific headline.

Details:

U.S. stocks traded sharply lower as macro fears increased, with elevated oil prices and weaker U.S. jobs data weighing on risk appetite.

FN had recently surged to a new 52-week high (late February 2026), leaving the stock more vulnerable to a pullback when markets turn defensive.

In its most recent quarterly update, Fabrinet highlighted record fiscal Q2 2026 results and issued fiscal Q3 revenue and earnings guidance (quarter ending March 27, 2026), which had helped drive the prior rally.

This could also be amplified by positioning/technical factors after a fast run, as traders de-risk into the weekend amid heightened volatility.

Sources:

Fabrinet Investor Relations, Associated Press, Benzinga, Nasdaq

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 21 times in the past 6 months. Of those trades, 0 have been purchases and 21 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 4 sales selling 22,451 shares for an estimated $10,034,497.
PRABIR ADARKAR (PRESIDENT AND COO) has made 0 purchases and 8 sales selling 24,968 shares for an estimated $6,799,264.
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 3 sales selling 1,479 shares for an estimated $652,370.

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

$FN Hedge Fund Activity

We have seen 302 institutional investors add shares of $FN stock to their portfolio, and 282 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.