FABRINET
In the published model solve dated 2026-Q2, anchored at $407.00, FABRINET (FN) is priced for today's economics sustained for ~10.2 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 26, 2026 from SEC EDGAR filings.
• Fabrinet does not design anything it sells: it assembles other companies' optical and electro-mechanical products, earning roughly twelve cents of gross profit on the revenue dollar and still converting close to ten cents of that dollar into operating profit, because almost none of it goes back out as research or selling cost [Source: Q3 FY2026 report on Form 10-Q]. • Two customers are close to half the business, and the FY2025 annual report names them: ⟦"During fiscal year 2025, NVIDIA Corpor
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645 institutional managers reported holding FN in 13F filings for the quarter ended 2026-03-31. 127 opened new positions that quarter. Held by BlackRock, Vanguard Group, T. Rowe Price, among others. On the short side, 2.5M shares were sold short as of the 2026-06-15 count, about 7% of shares outstanding (2.9 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
FN has cut its share count 2.8% over the past five years, spending $277.94M on repurchases. It pays no dividend. Cash returned over the past three years: $170.45M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at FN over the trailing three years. Absence is a fact about the company, not a signal. 12 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
FN's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-23 | +30.4% | -1.1% |
| 2023-11-08 | +5.5% | +7.9% |
| 2024-02-07 | -18.4% | -8.1% |
| 2024-05-08 | +16.8% | +14.9% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
FN's latest 8-K filings: 2026-08-17 (items 1.01, 2.02, 2.03, 5.02, 9.01); 2026-05-04 (items 2.02, 9.01); 2026-02-02 (items 2.02, 9.01); 2025-12-12 (items 5.07); 2025-11-03 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 26, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.