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Director Knight of Fabrinet (NYSE:FN) sold 479 shares of Ordinary Shares on September 5, 2025, for $366 each, totaling $175,314. Following the transaction, Knight directly owns 3,684 shares of the $13.2 billion market cap company. The stock has shown remarkable strength, surging over 90% in the past six months and currently trades near its 52-week high. According to InvestingPro analysis, while management has been actively buying back shares and the company maintains a "GREAT" financial health score, the stock appears overvalued at current levels. Discover 15+ additional exclusive insights and detailed valuation metrics with InvestingPro’s comprehensive research report.
In other recent news, Fabrinet reported its fourth-quarter 2025 earnings, achieving an earnings per share (EPS) of $2.65, slightly surpassing analysts’ expectations of $2.64. The company’s revenue also exceeded forecasts, reaching $910 million compared to the projected $883 million. Following this, Barclays raised its price target for Fabrinet to $329.00, citing strong demand for optical products, while maintaining an Equalweight rating. Additionally, JPMorgan upgraded Fabrinet’s stock rating from Neutral to Overweight, highlighting potential growth in AI infrastructure despite some supply shortages affecting near-term expectations.
A report from Raymond James suggests that Fabrinet’s results signal a positive outlook for major telecommunications companies, including Cisco, which saw a 59% year-over-year sales increase. Cisco is a significant customer for Fabrinet, accounting for 18% of its customer base. The strength in ZR/ZR+ technology is specifically noted as a contributing factor to this positive performance. These developments reflect a series of favorable conditions for Fabrinet and its partners in the telecommunications and networking sectors.
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