Brokerages Set Fabrinet (NYSE:FN) PT at $541.25

Shares of Fabrinet (NYSE:FN) have been assigned an average recommendation of “Buy” from the nine ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $541.25.

A number of brokerages recently commented on FN. Zacks Research upgraded shares of Fabrinet from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Wolfe Research upgraded shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 price objective for the company in a research report on Wednesday, February 4th. Northland Securities set a $600.00 price objective on Fabrinet in a report on Monday, December 22nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $540.00 target price on shares of Fabrinet in a research report on Tuesday, February 3rd. Finally, Susquehanna increased their target price on Fabrinet from $550.00 to $570.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Divisadero Street Capital Management LP grew its stake in shares of Fabrinet by 57.4% in the third quarter. Divisadero Street Capital Management LP now owns 56,344 shares of the technology company’s stock valued at $20,544,000 after acquiring an additional 20,556 shares in the last quarter. Azzad Asset Management Inc. ADV acquired a new stake in Fabrinet in the 3rd quarter worth about $1,037,000. Federated Hermes Inc. boosted its holdings in Fabrinet by 105.2% in the 3rd quarter. Federated Hermes Inc. now owns 5,982 shares of the technology company’s stock valued at $2,181,000 after purchasing an additional 3,067 shares during the period. Torray Investment Partners LLC bought a new stake in Fabrinet in the 3rd quarter valued at about $2,458,000. Finally, Argent Capital Management LLC acquired a new position in shares of Fabrinet during the 3rd quarter worth approximately $4,931,000. Institutional investors own 97.38% of the company’s stock.

Fabrinet Price Performance

Shares of Fabrinet stock opened at $556.22 on Thursday. The business has a fifty day simple moving average of $520.95 and a two-hundred day simple moving average of $465.57. Fabrinet has a 1 year low of $148.55 and a 1 year high of $632.99. The company has a market capitalization of $19.93 billion, a price-to-earnings ratio of 53.28 and a beta of 1.04.

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

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.