Fabrinet (NYSE:FN) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Fabrinet (NYSE:FN) have earned an average rating of “Moderate Buy” from the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $661.75.

Several equities research analysts have issued reports on FN shares. Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 target price on shares of Fabrinet in a research note on Tuesday, May 5th. Northland Securities set a $800.00 target price on shares of Fabrinet in a research note on Monday, April 20th. Rosenblatt Securities lifted their target price on shares of Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Weiss Ratings raised shares of Fabrinet from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. Finally, Wolfe Research raised shares of Fabrinet from a “peer perform” rating to an “outperform” rating and set a $540.00 target price on the stock in a research note on Wednesday, February 4th.

Insider Transactions at Fabrinet

In other Fabrinet news, Director Homa Bahrami sold 2,500 shares of Fabrinet stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $711.91, for a total transaction of $1,779,775.00. Following the sale, the director owned 16,233 shares of the company’s stock, valued at $11,556,435.03. The trade was a 13.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.24% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Fabrinet

Several institutional investors and hedge funds have recently added to or reduced their stakes in FN. Price T Rowe Associates Inc. MD boosted its stake in Fabrinet by 163.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,041,227 shares of the technology company’s stock worth $1,839,891,000 after purchasing an additional 2,504,841 shares during the last quarter. Wasatch Advisors LP raised its holdings in shares of Fabrinet by 45.1% during the 2nd quarter. Wasatch Advisors LP now owns 1,779,665 shares of the technology company’s stock worth $524,432,000 after acquiring an additional 553,196 shares during the period. Norges Bank purchased a new position in shares of Fabrinet during the 4th quarter worth $193,766,000. JPMorgan Chase & Co. raised its holdings in shares of Fabrinet by 64.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,065,414 shares of the technology company’s stock worth $485,063,000 after acquiring an additional 419,081 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in shares of Fabrinet by 226.1% during the 3rd quarter. Alliancebernstein L.P. now owns 499,177 shares of the technology company’s stock worth $182,010,000 after acquiring an additional 346,113 shares during the period. Institutional investors and hedge funds own 97.38% of the company’s stock.

Fabrinet Stock Performance

Fabrinet stock opened at $666.85 on Friday. The company’s fifty day moving average price is $637.22 and its 200 day moving average price is $536.32. Fabrinet has a 1 year low of $224.66 and a 1 year high of $748.89. The stock has a market capitalization of $23.89 billion, a P/E ratio of 57.29 and a beta of 1.22.

Fabrinet (NYSE:FN) last released its quarterly earnings results on Monday, May 4th. The technology company reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.14. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the company earned $2.52 EPS. The firm’s revenue for the quarter was up 39.3% compared to the same quarter last year. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. Sell-side analysts predict that Fabrinet will post 12.96 EPS for the current year.

About Fabrinet

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.