Fabrinet’s (FN) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Fabrinet (NYSE:FN) in a research note released on Tuesday,Benzinga reports. Needham & Company LLC currently has a $540.00 price target on the technology company’s stock.

A number of other equities analysts have also weighed in on FN. JPMorgan Chase & Co. upped their target price on shares of Fabrinet from $430.00 to $530.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 4th. Northland Securities set a $600.00 price target on Fabrinet in a report on Monday, December 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Fabrinet in a research report on Monday, December 29th. Zacks Research downgraded Fabrinet from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $550.00 target price on shares of Fabrinet in a research report on Tuesday. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Fabrinet has an average rating of “Moderate Buy” and an average price target of $511.11.

Fabrinet Stock Performance

Shares of FN opened at $443.75 on Tuesday. The stock has a 50 day simple moving average of $473.18 and a 200 day simple moving average of $407.47. Fabrinet has a 52-week low of $148.55 and a 52-week high of $531.22. The firm has a market capitalization of $15.90 billion, a PE ratio of 42.51 and a beta of 1.04.

Fabrinet (NYSE:FN) last announced its quarterly earnings results on Monday, February 2nd. The technology company reported $3.36 earnings per share for the quarter, beating analysts’ consensus estimates of $3.26 by $0.10. Fabrinet had a net margin of 9.69% and a return on equity of 18.69%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the firm posted $2.61 earnings per share. The business’s revenue was up 35.9% on a year-over-year basis. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. Equities research analysts predict that Fabrinet will post 9.4 EPS for the current fiscal year.

Insider Activity at Fabrinet

In related news, Director Thomas F. Kelly sold 2,200 shares of the stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $464.14, for a total transaction of $1,021,108.00. Following the completion of the transaction, the director directly owned 18,789 shares of the company’s stock, valued at approximately $8,720,726.46. This represents a 10.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Seamus Grady sold 22,451 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $446.95, for a total value of $10,034,474.45. Following the completion of the transaction, the chief executive officer owned 23,573 shares of the company’s stock, valued at approximately $10,535,952.35. This represents a 48.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 28,151 shares of company stock valued at $12,643,707. Insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. TD Private Client Wealth LLC raised its stake in Fabrinet by 83.1% in the 4th quarter. TD Private Client Wealth LLC now owns 108 shares of the technology company’s stock valued at $49,000 after acquiring an additional 49 shares during the period. Abacus Wealth Partners LLC acquired a new position in shares of Fabrinet in the fourth quarter valued at $344,000. May Hill Capital LLC bought a new position in shares of Fabrinet in the fourth quarter valued at about $428,000. Stephens Inc. AR raised its position in shares of Fabrinet by 16.1% in the fourth quarter. Stephens Inc. AR now owns 908 shares of the technology company’s stock valued at $413,000 after purchasing an additional 126 shares during the period. Finally, DNB Asset Management AS acquired a new stake in shares of Fabrinet during the 4th quarter worth about $220,000. 97.38% of the stock is currently owned by institutional investors.

Fabrinet Company Profile

Fabrinet is a global provider of advanced optical packaging and precision optical, electro‐mechanical and electronic manufacturing services (CEM). The company specializes in complex manufacturing processes for original equipment manufacturers (OEMs) in communications, data center, industrial, instrumentation and medical markets. Key capabilities include high‐precision fiber alignment, micro‐assembly, testing and diagnostics, and integration of electro‐optic subassemblies.

Incorporated in 2000, Fabrinet operates under a corporate structure headquartered in Singapore with additional regional offices and design centers in the Americas, Europe and Asia.