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Why Fabrinet (FN) Stock Is Up Today

Investivoq PriceTracker

Fabrinet (FN) is up 11.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a strong quarterly earnings report paired with much better-than-expected guidance for the current quarter. Investors also appear to be reacting positively to Fabrinet’s record revenue, sharp year-over-year profit growth, and an expanded share repurchase authorization.

Details:

  • Fabrinet said fiscal first-quarter revenue reached a record $1.47 billion, up 51% from the prior year quarter.
  • Non-GAAP diluted earnings per share rose to $4.34 from $2.92 a year earlier, while management said results came in above its own guidance range.
  • For the quarter ending December 25, 2026, the company guided for revenue of $1.6 billion to $1.65 billion and non-GAAP EPS of $4.77 to $4.92, signaling continued momentum.
  • The board also approved an additional $103 million for share repurchases, bringing total authorization under the existing buyback program to $637.3 million.

    • Sources:

    Fabrinet investor relations, SEC filing, Yahoo Finance

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

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    $FN Hedge Fund Activity

    We have seen 361 institutional investors add shares of $FN stock to their portfolio, and 400 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • PRICE T ROWE ASSOCIATES INC /MD/ removed 1,901,863 shares (-49.5%) from their portfolio in Q2 2026, for an estimated $1,068,999,155
    • JPMORGAN CHASE & CO added 1,575,418 shares (+inf%) to their portfolio in Q2 2026, for an estimated $885,510,949
    • T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 848,320 shares (+112808.5%) to their portfolio in Q2 2026, for an estimated $476,823,705
    • BLACKROCK, INC. removed 774,150 shares (-13.8%) from their portfolio in Q2 2026, for an estimated $435,134,232
    • ALLIANCEBERNSTEIN L.P. removed 525,169 shares (-92.3%) from their portfolio in Q2 2026, for an estimated $295,186,991
    • JANE STREET GROUP, LLC added 428,582 shares (+1011.2%) to their portfolio in Q2 2026, for an estimated $240,897,370
    • DURABLE CAPITAL PARTNERS LP added 386,868 shares (+178.7%) to their portfolio in Q2 2026, for an estimated $217,450,765

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

    $FN Congressional Stock Trading

    Members of Congress have traded $FN stock 2 times in the past 6 months. Of those trades, 0 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 GILBERT RAY CISNEROS, JR. sold up to $50,000 on 07/16.
    • REPRESENTATIVE JOSH GOTTHEIMER sold up to $15,000 on 07/14.

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

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