Fabrinet Falls 1.17% as $190M Trading Volume Ranks 461st Amid Bullish Price Targets and Mixed Institutional Bets

Fabrinet (FN) closed at a 1.17% decline on August 21, 2025, with a trading volume of $0.19 billion, marking a 24.34% drop from the previous day and ranking 461st in market activity. Analysts have revised price targets upward, with a recent average of $125.13, while institutional investors including WCM Investment Management and Aviva PLC have increased stakes. Despite Q4 2023 earnings exceeding estimates, the stock remains under pressure amid mixed institutional trading activity.

Recent analyst activity highlights growing optimism, as Lake Street and MGO One Seven LLC raised positions, while Wellington Management and Artisan Partners reduced holdings. The stock received a “Moderate Buy” rating from brokerages, reflecting cautious confidence in its AI-driven growth potential. However, insider transactions, including CFO Csaba Sverha’s 20,000-share sale, suggest internal uncertainty about near-term momentum.

Institutional ownership shifts underscore diverging strategies. Vanguard and Wasatch Advisors added to positions, whereas Keybank National Association and Artisan Partners cut exposure. The mixed institutional activity, combined with a 20.80% price target increase to $167.08 by mid-August, signals a tug-of-war between bullish technical optimism and bearish risk management.

The backtest of a high-volume trading strategy from 2022 to 2025 showed a 1.98% average daily return, 7.61% total return over 365 days, and a Sharpe ratio of 0.94. However, the strategy faced a maximum drawdown of -29.16%, illustrating vulnerability during market downturns.